A weaker US dollar dragged on blue-chip companies reliant on the currency as the FTSE 100 dipped 0.3% to 7,479 in early afternoon trading on Thursday. “[Dollar] weakness [weighed] on the large number of UK stocks which earn revenue in that currency,” said AJ Bell financial analyst Danni Hewson. “A stronger pound against the dollar […]

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Entain shares gained 5.1% to 1,375.8p in early morning trading on Thursday, after the gambling company reported a 19% revenue climb to £2.1 billion in HY1 2022, alongside an 18% growth in net gaming revenue. The gaming firm said its revenue increase was driven by a strong rebound in retail performance after Covid-19 lockdowns last […]

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Entain shares rose 2.9% to 1,346.5p in early morning trading on Thursday after the betting group announced the formation of Entain CEE with Czech Republic investment firm EMMA Capital. The gambling firm is set to use the new venture to expand its reach across Central and Eastern Europe. Entain will reportedly own 75% of Entain […]

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Entain’s growth in the US hinges on regulation opening up on a state-by-state basis Entain (LON:ENT), owner of Ladbrokes, increased its expected earnings for the full-year as it confirmed its revenues increased during Q2 on the easing of Covid-19 restrictions. The FTSE 100 company said re-opened store volumes increased to just 10% below pre-pandemic levels, […]

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Entain’s joint venture in US has 18% market share of live markets Entain (LON:ENT), the owner of Ladbrokes, swung to a profit during 2020 as growth from its venture into the US market reaped higher sales. Following a loss of £131.2m in 2019, Entain posted a profit of £113.8m for 2020. The FTSE 100 company […]

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British sports betting and gambling firm Entain plc (LON:ENT) has seen its shares freefall after casino operators MGM Resorts International announced it does not intend to submit a revised proposal for the firm, which snubbed an $11 billion takeover deal earlier this month. Entain, previously known as GVC Holdings – which owns Ladbrokes and Sportingbet […]

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