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Paddy Power Betfair PLC (PPB.L)

PPB.L on London Stock Exchange

8,225.00GBp
17 Jul 2018
Change (% chg)

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Prev Close
8,225.00
Open
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Day's High
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Day's Low
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Volume
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Avg. Vol
222,575
52-wk High
9,184.90
52-wk Low
6,572.50

Latest Key Developments (Source: Significant Developments)

Paddy Power Betfair CEO says use of excess cash a conversation for 2017
Wednesday, 24 Aug 2016 

Paddy Power Betfair Plc : Paddy Power Betfair CEO says conversations around future M&A, returning excess cash to shareholders for 12 months time Further company coverage: [PPB.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

INTERVIEW-Paddy Power Betfair well positioned for future M&A - CEO
Wednesday, 24 Aug 2016 

Paddy Power Betfair Plc : Paddy Power Betfair CEO says will typically use Betfair brand exclusively for entries into other European markets . Paddy Power Betfair CEO says group will focus primarily on regulated markets and on digital over high street . Paddy Power Betfair CEO says board continues to examine what level of gearing the merged group will target . Paddy Power Betfair CEO says speedier integration puts it in a pretty good position to get involved in M&A if it wishes . Paddy Power Betfair CEO expects to open 10 shops in H2, may be interested in small amount of Ladbrokes, Coral stores for sale . Paddy Power Betfair CEO says not yet seeing any evidence of an impact from Brexit, not weighing on thinking Further company coverage: [PPB.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

Paddy Power Betfair H1 earnings up 31 pct, merger cost synergies increased
Wednesday, 24 Aug 2016 

Paddy Power Betfair Plc : Revenue up 18 percent to £759 million, with double-digit growth in all four divisions, online up 20 percent . Interim dividend of 40 pence per share takes total dividends for period to 52 pence per share . Merger integration progressing ahead of plan with majority of actions already completed . Now expecting £65 million of cost synergies with full benefit to be achieved in 2017 . Full year 2016 proforma underlying ebitda is expected to be between £365 million and £385 million . H1 underlying proforma EBITDA £181 million, up 31 percent y/y . Will adopt a more targeted approach to customer proposition and messaging for each brand Further company coverage: [PPB.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

TalkTalk, Royal Mail earnings spice up FTSE 100 trading

LONDON, July 17 Britain's top share index inched up on Tuesday as uncertainty over Brexit capped gains from encouraging results flowing in from companies including Royal Mail and TalkTalk.