JP Morgan Cazenove thinks now is the time to have a little flutter on Playtech
Analysts at the bank reckon the gaming software group is now “less risky” than it was only a few months ago
Company
Playtech PLC
LON:PTEC
The Group designs develops and licenses software for the gambling industry. The Group's principal software products are online casino online multi-player poker online bingo live videostream gaming fixed odds on games and land based kiosk networks.
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GVC, JPJ and William Hill offer 'deep value', recommends Deutsche Bank
“We see the scope to create value from another wave of consolidation, with rising regulatory and marketing costs encouraging a drive for scale, given material cost synergies"
Playtech spins higher on new long-term partnership with Ladbrokes Coral owner GVC
The tie-up will run until 2025 and will see Playtech supply Ladbrokes, Coral and all of GVC’s other online gaming brands with various products and services
Gaming software group Playtech expects surge in 2019 earnings
Playtech expects bottom-line growth to accelerate in 2019 and is guiding for adjusted EBITDA of between €390-415mln
FTSE 100 closes in the red as US stocks take a hit; Centrica tanks
Risers on the Footsie were outnumbered 3 to 1 by fallers
Archive
Barclays to round off trio of UK banking results on Thursday
Barclays will be a highlight in Thursday's schedule.
Archive
Banking results to flow faster, with Barclays, Lloyds, and HSBC all set to report 2018 numbers
Aside from the banking results, the week ahead will bring updates from other blue-chips firms such as BAE Systems, Anglo American, Pearson, and Reckitt Benckiser
Archive
Ebiquity shares gain as it completes sale of ad intelligence arm to Nielsen
Some of the main news-driven risers and fallers on Wednesday
Playtech to pay additional tax of around €28mln after reaching deal with Israeli tax authorities
The FTSE 250-listed firm said the agreement follows a civil tax audit covering the ten fiscal years to 2017 in which the Israeli tax authorities made transfer pricing adjustments
Keyword Studios easier as Berenberg trims target price following last week's acquisition, trading update
A look at some of the main risers and faller in London markets on Christmas Eve
Playtech expects new Italian gambling tax to reduce 2019 adjusted earnings by around €20mln-€25mln
The FTSE 250-listed firm noted that on Sunday 23 December 2018 the Italian Senate passed the government's 2019 budget which includes legislation to increase taxation on various types of gambling activities
FTSE 100 gets a stuffing on Christmas Eve amid worries about market indigestion
At the 12.30pm close, the UK blue chip index was down 35 points at 6,685, just bouncing off the late session low of 6,661.04, with Friday’s 9 point Santa rally proving a false dawn
Playtech founder Teddy Sagi cashes out of the firm he founded
Teddy Sagi set up Playtech 19 years ago and floated it on the London market in 2006
Playtech issues ‘in-line’ update as Asia revenues stabilise
The FTSE 250 gambling software firm said it remained on track to achieve adjusted underlying earnings (EBITDA) for 2018 of between €320mln and €360mln
Archive
Airlines under pressure after IAG's British Airways unit hit by data theft
A look at some of the biggest risers and fallers in the London market on Friday
Playtech sells entire 10% shareholding in online trading platform Plus500 for about £176mln
Playtech said it had sold 11.4mln Plus500 ordinary shares, also at a price of 1,550p each, representing about 9.99% of Plus500's issued share capital
Hardware & electrical equipment
Playtech surges as market looks beyond its struggles in Asia
"The management statement focusses on Earnings Before Bad Stuff and, to be fair, it does appear that the current set of problems are isolated to the Asia-facing part of the business," Peel Hunt said
Investments and investor services
FTSE 100 closes in red as trade worries and Brexit fears put investors off
The UK index of leading shares finished Thursday down around 11 points, or 0.15%, at 7,563.
Archive
CRH to provide progress report on margin improvement initiatives
There are not many heavyweights expected to release results on Thursday but plenty will be going ex-dividend
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World biggest miner, BHP Billiton the main focus as results flow set to slow in coming week
Only three other FTSE 100-listed companies are scheduled to unveil updates – housebuilder Persimmon, Irish construction group CRH, and Middle East hospitals operator NMC Healthcare