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Ladbrokes Coral Group PLC (LCL.L)

LCL.L on London Stock Exchange

171.60GBp
23 Jan 2018
Change (% chg)

3.60 (+2.14%)
Prev Close
168.00
Open
167.75
Day's High
173.30
Day's Low
166.65
Volume
6,188,688
Avg. Vol
14,187,317
52-wk High
190.15
52-wk Low
110.30

Latest Key Developments (Source: Significant Developments)

Ladbrokes Says Clear That Stake Cuts Will Fail To Address Issue Of Problem Gambling
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Ladbrokes Coral Group Plc ::RESPONSE TO TRIENNIAL REVIEW £2 STAKE SPECULATION.‍NOTES STORIES IN PRESS THAT SPECULATE THAT SECRETARY OF STATE FAVOURS A £2 STAKE AS OUTCOME OF TRIENNIAL REVIEW CONSULTATION​.‍"WE ARE VERY CLEAR THAT STAKE CUTS WILL FAIL TO ADEQUATELY ADDRESS ANY ISSUE OF PROBLEM GAMBLING"​."WE WILL CONTINUE TO MAKE CASE FOR A SENSIBLE MEASURED, EVIDENCE LED AND PROPORTIONATE RESPONSE TO PUBLIC CONCERN".  Full Article

Gvc Holdings Plc says daily NGR for Q4 rose by 21 pct
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Gvc Holdings Plc ::GROUP ENJOYED A RECORD QUARTERLY NGR IN Q4 2017 AND, AS A RESULT, NGR FOR YEAR TO 31 DECEMBER 2017 IS EXPECTED TO BE CEUR 1,009M​.‍BOARD EXPECTS CLEAN EBITDA FOR FY TO BE AT TOP END OF MANAGEMENT'S INTERNAL EXPECTATIONS​.‍DAILY NGR FOR Q4 INCREASED BY 21% (+25% IN CONSTANT CURRENCY) AND ON AN UNDERLYING BASIS, WAS 31% HIGHER​.  Full Article

Bookrunner says orders below 170P per share risk missing in Ladbrokes Coral accelerated bookbuilt offering
Monday, 11 Dec 2017 

Dec 11 (Reuters) - BOOKRUNNER::LADBROKES CORAL GROUP: BOOKRUNNER SAYS ORDERS BELOW 170P PER SHARE RISK MISSING IN ACCELERATED BOOKBUILT OFFERING; BOOKS CLOSE AT 6.45PM UK.  Full Article

Apollo Funds Announces Launch Of Accelerated Bookbuild Offering Of About 111.9 Mln Shares In Ladbrokes Coral
Monday, 11 Dec 2017 

Dec 11 (Reuters) - APOLLO FUNDS : :LADBROKES CORAL GROUP: APOLLO FUNDS ANNOUNCES LAUNCH OF ACCELERATED BOOKBUILD OFFERING OF ABOUT 111.9 MILLION SHARES IN LADBROKES CORAL.LADBROKES CORAL GROUP: PLACING SHARES REPRESENT ABOUT 5.8% OF LADBROKES CORAL’S ISSUED SHARE CAPITAL.LADBROKES CORAL GROUP: IMMEDIATELY AFTER COMPLETION OF TRANSACTION, APOLLO FUNDS ARE NO LONGER EXPECTED TO BE A SHARE-HOLDER IN LADBROKES CORAL.LADBROKES CORAL GROUP: MORGAN STANLEY AND BARCLAYS ACTING AS JOINT BOOKRUNNERS.  Full Article

Ladbrokes Coral says ‍group net revenue improved to +3 pct for period July 1 to Oct. 29
Monday, 13 Nov 2017 

Nov 13 (Reuters) - LADBROKES CORAL GROUP PLC ::Q3 ‍EUROPEAN RETAIL NET REVENUE ACCELERATED TO +17% (CC +12%)​.Q3 ‍GROUP NET REVENUE IMPROVED TO +3% FROM Q2 -2% (H1 +1%)​.‍Q3 DIGITAL NET REVENUE +12% WITH SPORTSBOOK NET REVENUE +18% AND GAMING NET REVENUE +6%​.‍WILL TAKE AN ACTIVE PART IN PROVIDING EVIDENCE ON ALL RELEVANT AREAS AS PART OF TRIENNIAL REVIEW OUTLINED WITHIN CONSULTATION DOCUMENT​.  Full Article

Ladbrokes Coral accepts failures identified by Gambling Commission in Gala Interactive operations fell short of standards
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Ladbrokes Coral Group Plc :ACCEPTS FAILURES IDENTIFIED BY GAMBLING COMMISSION IN GALA INTERACTIVE OPERATIONS FELL SHORT OF STANDARDS, PROCEDURES EXPECTED​.‍AGREED TO PAY BACK MONEY MADE IN RELATION TO TWO CUSTOMERS.‍TO MAKE £1.2 MILLION CONTRIBUTION TO FUND RESEARCH INTO CAUSES, IDENTIFICATION OF PROBLEM GAMBLING.‍FAILURES IDENTIFIED BY GAMBLING COMMISSION INVESTIGATION WERE IN RESPECT OF GALA INTERACTIVE'S WRITTEN POLICIES AND PROCEDURES.  Full Article

Ladbrokes Coral says ‍Carl Leaver to step down as director
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Ladbrokes Coral Group Plc :‍CARL LEAVER STEPPED DOWN AS DIRECTOR ON 31 OCTOBER 2017, AND CEASED TO BE EMPLOYED BY GROUP ON THIS DATE​.‍LEAVER IS ELIGIBLE TO RECEIVE A DISCRETIONARY BONUS SUBJECT TO SUCCESSFUL DELIVERY OF CERTAIN SYNERGY MEASURES ARISING FROM MERGER.  Full Article

Certain Apollo Funds and Cerberus sell 49.3 mln shares in Ladbrokes Coral Group - bookrunner
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - :BLOCK TRADE - LADBROKES CORAL GROUP PLC <<>>: BOOKRUNNER SAYS CERTAIN APOLLO FUNDS AND CERBERUS SELL 49.3 MILLION SHARES IN LADBROKES CORAL GROUP.BLOCK TRADE - LADBROKES CORAL GROUP PLC :BOOKRUNNER SAYS PLACING SHARES WERE PRICED AT 124.5 P/SHARE, RAISING GROSS SALE PROCEEDS OF ABOUT 61.4 MILLION STG.  Full Article

Ladbrokes Coral final price guidance is 124.5 pence per share - Bookrunner
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - BLOCK TRADE - LADBROKES CORAL GROUP PLC ::BLOCK TRADE - LADBROKES CORAL GROUP PLC : BOOKRUNNER SAYS FINAL PRICE GUIDANCE IS 124.5 GBP PER SHARE, BOOKS CLOSING AT 6PM UK TIME‍​.  Full Article

Certain Apollo Funds and Cerberus to sell about 49.3 mln shares in Ladbrokes Coral Group ‍​
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Block trade - Ladbrokes Coral Group Plc ::BLOCK TRADE - LADBROKES CORAL GROUP PLC : BOOKRUNNER SAYS CERTAIN APOLLO FUNDS AND CERBERUS TO SELL ABOUT 49.3 MILLION SHARES IN LADBROKES CORAL GROUP PLC ‍​.BLOCK TRADE - LADBROKES CORAL GROUP PLC : BOOKRUNNER SAYS BOOKBUILDING FOR THE TRANSACTION WILL COMMENCE IMMEDIATELY‍​.BLOCK TRADE - LADBROKES CORAL GROUP PLC : BOOKRUNNER SAYS MORGAN STANLEY IS ACTING AS BOOKRUNNER IN CONNECTION WITH THE TRANSACTION.  Full Article

UPDATE 4-British bookmaker shares plunge on report of looming low stake limit

* Price of GVC's Ladbrokes purchase depends on outcome of review (Adds consultation details)