Rank Group PLC (RNK.L)
26 Aug 2016
* Focus on expanding online business with new products * Rank still scouting for M&A across the board - CEO * Online revenue rises 11 pct * Shares rise as much as 7.5 pct (Adds CEO, analyst comments, details, background) By Rahul B and Noor Zainab Hussain Aug 23 British casino operator Rank Group Plc is still on the lookout for M&A opportunities after talks over a joint bid for William Hill Plc ended last week, and will expand its online services to strengthen
Aug 23 Casino operator Rank Group Plc said on Tuesday Britain's decision to leave the European Union would have little or no direct impact on its performance, days after it dropped its joint bid to buy bookie William Hill Plc . Rank, the operator of Grosvenor casinos and Mecca bingo hall, said it was mainly a UK-focused business with limited exposure to non-sterling earnings. The company, however, said any impact of Brexit could be driven by lower UK growth rates or loss of
* William Hill gains after deal breaks down (Recasts, adds detail and quote, updates prices)
LONDON, Aug 19 European markets fell on Friday putting the STOXX 600 on track to post its biggest weekly loss since July with all major sectors in the red on the day.
Aug 18 Casino and bingo hall operator Rank Group Plc and online gambling company 888 Holdings Plc have withdrawn their proposal to combine with rival British bookmaker William Hill Plc.
* Had a good start to second half of year and board now expects operating profit 1 for 2016 to be at top end of previously guided £260-280m range
* 888 Holdings Plc and Rank Group Plc announce that they do not intend to make an offer for William Hill Plc
* Will announce FY results on Tuesday, Aug. 23 2016, rather than on Thursday, Aug. 18 2016 as previously announced
* William Hill shares down 3 pct (Adds line from 888/Rank on revised offer's valuation)
* Confirm that on 14 August 2016 they submitted an improved non-binding proposal to board of William Hill regarding a possible combination of 888, Rank and William Hill
Earnings vs. Estimates
Analyst Research Reports
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Rank Group PLC: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
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"The Economy Matters" Report for RANKF: the economy's impact on RANKF's price and risk, featuring the powerful Economic Climate Rating and the new MacroRisk "Stoplight" and Risk Correspondence Score
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