Company
Rank Group PLC
LON:RNK
Rank is a leading European gaming business, based in the UK and listed on the London Stock Exchange. The Group's principal activities are the operation of bingo clubs and casinos in the UK with complementary on-line gaming and bookmaking services.
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Rank Group sailing towards quintupling profits, says analyst
Experts reckon the group could reach profits of £100 million from £20 million in 2023
Rank Group says gaming revenues at venues hit by cost-of-living squeeze
The gaming group saw strong growth in digital gaming revenue lead to a small rise in net gaming revenues for the first quarter
With energy-intensive industries at risk of blackouts, analysts look for potential winners
As well as energy companies and some utilities, several financial and property companies are expected to outperform
Rank Group braces for inflation squeeze after recovering 90% of pre-pandemic levels
The Mecca Bingo and casino owner's shares tumbled in early trades after its annual operating profit fell short of expectations
Hopes low for trio of woe AO World, Rank Group, Marshalls
The FTSE 100 will be hit by a large number of blue-chip companies' shares going ex-dividend this Thursday
Rank issues profit warning as visitor numbers remain soft
The FTSE 250 company said it had seen an improvement in performance since April, but that this was “considerably” weaker than expected
Rank Group gaming revenue bounces back as venues reopen
John O'Reilly, chief executive, said he expected trading to get better as the year progresses
Rank Group venues performing above expectations after rough year
The good news is that venues are performing ahead of expectations since lockdown restrictions were further eased. The bad news is, the digital business has disappointed
Rank agrees new £25mln facility with Lloyds Bank
It adds to an existing £55mln revolving credit facility and a £108.4mln term loan
Rank Group looks forward to reopening UK sites after quarterly revenues crash
The Mecca Bingo and Grosvenor Casino owner expects to return to growth in the first quarter of the next financial year
Boris Johnson looking at late April for earliest ease in hospitality lockdown say reports
A committee of MPs said that the nightlife industry faces ‘extinction’ in the UK
Rank flops to half-year loss as lockdowns hit casinos and bingo halls
“Customer demand has however been strong when trading has been possible,” the company said
Rank Group confirms it is considering share issue to boost finances
Rank's venues will have to shut again in England from today for a month as a second countrywide lockdown comes into force
Rank profits plunge as the house doesn't win in lockdown
"We know the recovery will take time, but the underlying strength of our business provides us with confidence that we are well equipped to return to full strength," said the CEO
Rank Group to reopen Mecca bingo clubs on Saturday, July 4
The firm is still burning cash but expects to be cash positive when Grosvenor casinos reopen
Rank Group says cash burn to be £10mln per month during coronavirus pandemic closures
The group said its underlying operating profit for the year to June 30 is expected to be £48mln-58mln
Rank Group on a winner in the first half
Strong cash flow generation led to better than expected underlying net debt of £59.0mln
Rank Group hits jackpot with digital offer
The FTSE 250-company keeps focusing on digital, following the acquisition of Stride Gaming PLC completed earlier this month
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Small Cap Feast: Petards Group; Crossword Cybersec; genedrive and more...
Off the menu - Stride Gaming (LON:STR) - has delisted due to being acquired by Rank Group at 151p per share.
Rank Group returns to growth thanks to digital acceleration
After declining in the first half, underlying operating profit jumped 20% in the second half to produce a total of £72.5mln, a decline of 6% year on year
ShoreCap upgrades Rank to 'buy' as Stride takes digital earnings higher
Casino operator Rank announced agreed 151p per share offer for online bingo specialist Stride last week
Investments and investor services
ANGLE points upwards after successful breast cancer trial outcome
A look at the day's major movers, including Karelian, UniVision, Cambria Africa, Bagir, Nautilus Marine, Stride Gaming and Patagonia Gold
Rank Group confirms around £115mln recommended cash offer for Stride Gaming
Rank boss John O'Reilly said: “The joining of our businesses will accelerate delivery of Rank's Transformation Plan and create one of the UK's leading online gaming businesses"
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FTSE 100 closes firmly lower as investors shun risk and amid Brexit deal chatter
The UK's premier share index finished down nearly 33 points at 7,385
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Will Next spring a surprise in Wednesday’s first-quarter trading update?
There’s a lot for investors to get their teeth into on Wednesday, with Sainsbury’s, GSK and Persimmon among the slew of companies reporting alongside Next
Archive
First big wave of corporate results to hit on Thursday: BT, Unilever, Shell, Diageo to stand out
Aside from the tide of blue-chip results, some big second line news will also flow on Thursday from the likes of Britvic, Dairy Crest, Premier Oil, Rank Group, and Renishaw
The FTSE 100 survivors and thrivers: Who has stayed on top among the blue-chips?
Since its foundation in 1984, the FTSE 100 has become one of the key barometers of the British economy, however the makeup of its constituent companies is far from the same
Investments and investor services
Wincanton on the right road as strong cash flow whittles away debt
A look at the day's poppers and droppers, including JD Wetherspoon, Gattaca, Renewi, AdEPT, The Works, Coca-Cola HBC and Micro Focus
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Proactive news snapshot: Immotion Group, NetScientific, AdEPT Technology …
A glance at some of the day's highlights from the Proactive Investors newswire
Immotion partners up with casino operator Rank Group
The virtual reality group is putting its new racing simulator in Rank’s Grosvenor casino in Manchester, before rolling out to some of the 53 other UK sites
Investments and investor services
FTSE 100 closes higher ahead of Federal Reserve meeting
The focus is now on the Federal Reserve meeting later. The interest rate announcement is set for 7.00pm, UK time
Rank Group appoints former Experian executive Bill Floydd as CFO
Bill Floydd replaces Clive Jennings, who stepped down in August after seven years in the role
Housebuilders in focus as Barratt Developments and Bellway update on trading
The week ahead includes full year results from Bellway and ASOS, interims from Gear4Music and trading updates from Barratt Developments, Segro, Unilever, Domino's Pizza and Rentokil
Rank Group fined £500K for failing to protect problem gambler who lost £1mln in a day
The customer lost the money at a Grosvenor Casino owned by Rank
Rank Group sees second-half slowdown in UK digital growth
UK digital was one of the few bright spots in the year just ended. Meanwhile, the recent heatwave in Britain has done the group no favours
Investments and investor services
Lloyds and HSBC go ex-div, but has the BBQ summer saved Kingfisher’s first half?
Investors in the B&Q owner will be hoping for a BBQ boost sufficient to offset the springtime freeze.
Archive
Heatwave should provide a lift for BBQ and garden products at retailer Kingfisher
Aside from the DIY retailer's numbers, the Week Ahead diary includes updates from miner Antofagasta, and motor insurers Admiral and esure, plus a raft of key UK data
Investments and investor services
Rank expands in Spain with YoBingo acquisition
The bingo operator is picking up the owner of the Spanish digital platform for an initial €21mln, potentially rising to €52mln
Rank Group appoints betting industry veteran, John O'Reilly as its new chief executive officer
The FTSE 250-listed firm said O’Reilly will succeed Henry Birch whose resignation, announced on March 7, with effect from 7 May 2018
Shire shares lifted by Japanese takeover talk
A look at some of the biggest risers and fallers in London on Thursday.
Rank issues profit warning after casino high-rollers get lucky
Cold weather keeping people from its bingo outlets has also had an adverse impact
FTSE 100 closes firmly higher despite disappointing service sector stats
The UK bluechip-benchmark closed over 165 points higher at 7,199, while the FTSE 250 added over 311 points at 19,576
Investments and investor services
FTSE 100 closes in red but broadcaster ITV shines
Footsie finished down over 43 points at 7,490, while FTSE 250 was also lower - down around 58 points at 20,185.
Corporate matters may distract Shell investors from expected dip in production
Royal Dutch Shell and Rank Group are among the names in the diary for Thursday
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Unilever among the quality blue chip updates scheduled, but Fed meeting and US jobs data more important
Week ahead includes updates from FTSE 100 AstraZeneca PLC, BT Group PLC, Royal Dutch Shell PLC, and Unilever PLC, plus a Federal Reserve meeting and January US jobs data
Mecca Bingo owner Rank boosted by digital sales
As high street retailers are also finding out, more and more people would rather log on from home and do their shopping – or in this case, gambling
Rank Group's full year profits fall as the casino owner restructures UK operations
Rank Group blamed a challenging UK retail environment for a slight dip in full year revenue
FTSE 100 closes in the red but gold price boosts miners
The FTSE 100 closed down 45 at 7,387, while the FTSE 250 lost 86 at 19,773.
What’s in store for Kingfisher investors on Thursday?
The B&Q owner's French business has overshadowed recent decent performances, will it blight the next figures?
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UK economic health eyed from inflation, jobless numbers; Kingfisher updates on trading
Week ahead includes UK inflation, unemployment, average earnings data; trading update from Kingflsher PLC, interims from Hargreaves Lansdown PLC, Admiral PLC ...
Archive
William Hill to report improved trading after successful Cheltenham for bookmakers
William Hill reports a trading update for the 17 weeks to 25 April under new chief executive Philip Bowcock
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Pensioners, Ofcom and rivals snap away at BT
Week ahead: BT and Talk Talk: ITV, Barratt Developments, Centrica, William HIll and more ...
Bookmaker William Hill confirms appointment of Philip Bowcock as its chief executive officer
Bowcock was appointed the FTSE 250-listed firm’s Interim CEO in July 2016 having previously been the group’s chief financial office when James Henderson quit
Rank Group profits hit by the National Living Wage
Income investors in Rank received a boost as the dividend was hiked 11% to 2p a share.
FTSE 100 shares end softer but smaller caps gain
FTSE 100 ended softer on Thursday following sharp falls by Sage Group and Unilever, while mid- and small-cap stocks gained
Investments and investor services
Sky, Unilever and Diageo all on the agenda for a busy Thursday
BT Group shocked investors earlier this week so many will be waiting on tenterhooks to hear whether TV and broadband bundling rival Sky is faring better.
Archive
Small decline in 2016 revenue tipped for Unilever
Also reporting: Diageo, Daily Mail, Sky, Anglo American, Lonmin, St James's Place and Whitbread
GVC Holdings hikes planned special dividend as Sportingbet owner raises its profit forecasts
The FTSE 250-listed firm — which acquired rival bwin.partygaming in a £1bln takeover last year – said its full-year profits would be at the top end of expectations as recent strong trading continued into December.
Is William Hill likely to unseat rider after merger stumble and Ladbrokes' surge?
Having spurned 888 and Rank to bat its eyelashes at Pokerstars owner Amaya, where does William Hill's management turn now?
William Hill ends merger talks with Pokerstars owner
The bookie said it would continue to focus on its four strategic goals, and it will resume a share buy-back programme.
William Hill quick out of the traps as it confirms merger talks with Amaya
The two companies are discussing "a merger of equals"
Casino and football betting pay off for 888
Gaming group's first-half casino revenue rose 31% to US$137.4mln
London shares rise as miners, housebuilders and Tesco fare well, mid-caps at May 2015 highs
UK shares closed higher on Tuesday, as miners once again outperformed other stocks, along with housebuilders and grocer Tesco, while the FTSE 250 index headed to May 2015 highs
Rank Group brushes aside Brexit after solid year
Any impact from Brexit would be from lower UK growth rates or a loss of consumer confidence..
PREVIEW - UK housing market in focus again with Persimmon
The big housbuilder Persimmon reports interim results on Tuesday...
Week Ahead: Persimmon expected to shrug off Brexit fears
Approvals remained ahead of last year in the run-up to the EU membership referendum but what about after it?
UK shares dragged lower by broad sell-off
London shares closed lower on Friday, as gains proved elusive when a broad-based decline among stocks in metals, mining, and forestry took hold
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Brokers: Agreed bid for William Hill is a rank outsider
William Hill is "in play" but probably out of the price range of its current suitors. Also covered: Antofagasta, BHP, Cairn, Shanta Gold
Preview: Like-for-like sales expected to have slowed at Kingfisher
DIY retailer Kingfisher is set to report and although it is no longer predominantly a UK outfit, the subject of Brexit and its likely effect will be to the fore.
Week Ahead: Brexit the looming issue as Bovis and Kingfisher report
The dust is starting to settle after the EU referendum vote, which should mean companies can have a bit more confidence in forecasting the impact
FT reports William Hill is mulling formal offer
Rank and 888 have reportedly offered 364p a share for William Hill.
Watchdog orders Ladbrokes and Coral to offload shops
Competition regulator says pair need to dispose of up to 400 betting shops
London blue chips sag but takeover talk buoys midcaps
London shares ended lower on Monday, as the weight of negative economic data finally overwhelmed a market propped up earlier in the session by takeover talk
Takeover news boosts stocks despite more economic woe
William Hill gets takeover approach from Rank Group and 888
Trending: Nothing 'reet petite' about BHS's pensions black hole
Also covered: Verizon Communications to merge two internet dinosaurs (AOL & Yahoo!); William Hill mulls 888 & Rank treble; investors hot for Hot Maden; Michelmersh solid as a brick
Archive
Papers: MPs condemn Philip Green as the “unacceptable face of capitalism”
A damning report by a group of MPs has hammered Sir Philip Green’s tenure as the boss of BHS, while there’s news of a bid to create a £5bln gambling giant
Grosvenor Casinos owner Rank Group sees steady growth at the start of 2016
The Rank Group, which owns the casino chain, has reported a sound start to 2016, although its bingo brand is struggling