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Rank Group PLC (RNK.L)

RNK.L on London Stock Exchange

246.00GBp
12 Dec 2017
Change (% chg)

0.00 (+0.00%)
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246.00
Open
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Volume
115,386
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144,974
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180.80

Latest Key Developments (Source: Significant Developments)

Rank Group says LFL revenue for 16 weeks up by 2 pct​
Thursday, 19 Oct 2017 02:00am EDT 

Oct 19 (Reuters) - Rank Group Plc :‍GROUP LIKE-FOR-LIKE REVENUE FOR 16 WEEKS TO 15 OCTOBER 2017 HAS GROWN BY 2%.​.ON A CHANNEL BASIS, VENUES REVENUE FELL BY 1% AND DIGITAL REVENUE GREW BY 19%. FOR 16 WEEKS TO 15 OCTOBER 2017​.‍MANAGEMENT'S EXPECTATIONS FOR FULL YEAR REMAIN UNCHANGED.​.‍MECCA'S VENUES LIKE-FOR-LIKE REVENUE WAS DOWN 2% FOR 16 WEEKS TO 15 OCTOBER 2017​.‍GROSVENOR CASINOS' VENUES LIKE-FOR-LIKE REVENUE WAS DOWN 1% FOR 16 WEEKS TO 15 OCTOBER 2017​.  Full Article

Rank Group says total dividend up by 12 pct
Thursday, 17 Aug 2017 02:00am EDT 

Aug 17 (Reuters) - RANK GROUP PLC ::TOTAL DIVIDEND UP 12 PERCENT TO 7.3 PENCE PER SHARE."NEW FINANCIAL YEAR HAS STARTED WELL AND BOARD LOOKS TO FUTURE WITH CONFIDENCE".  Full Article

Rank Group says FY like-for-like revenue up 1 pct to 754 mln stg
Thursday, 17 Aug 2017 01:00am EDT 

Aug 17 (Reuters) - RANK GROUP PLC ::DIVIDEND UP 12% TO 7.30P PER SHARE.FY GROUP LIKE-FOR-LIKE REVENUE AT £754.0M, UP 1 PERCENT.FY UK DIGITAL REVENUE UP 15% WITH PROFIT INCREASING 63%.FY STATUTORY REVENUE FLAT AT £707.2M.FY PROFIT BEFORE TAXATION AFTER EXCEPTIONAL ITEMS DOWN 7 PERCENT AT £79.7M.FY NET DEBT AT £12.4M.FY DIVIDEND PER SHARE AT 7.30P UP 12%.  Full Article

Rank Group says management's expectations for full year remain unchanged
Thursday, 18 May 2017 02:00am EDT 

May 18 (Reuters) - Rank Group Plc ::ims: 46 weeks to 14 may 2017.Total group like-for-like revenue grew by 1% for 46 weeks to 14 may 2017, with total revenue flat.On a channel basis, digital revenue grew by 13%, venues* like-for-like revenue was flat..Grosvenor casinos' venues like-for-like revenue declined by 1%, impacted by a lower gaming margin.Mecca's venues like-for-like revenue was down 2%, with lower customer visits partially offset by an increased spend per visit..Management's expectations for full year remain unchanged..  Full Article

Rank Group says H1 operating profit down 9 pct
Thursday, 26 Jan 2017 01:14am EST 

Rank Group Plc : Half-Year results for six months ended Dec. 31 2016 . Like-For-Like group revenue up 2 pct . HY digital revenue up 11 pct; digital platform stable and performing well . HY like-for-like retail revenue flat in period . Improving trends in retail casino and UK digital in Q2 over Q1 . Digital operations restructured to drive further future growth . HY debt levels 37 pct lower than prior year with leverage down to 0.3x . Continued strong dividend growth with interim dividend of 2.0p, up 11 pct year-on-year . "first half of group's financial year has seen challenging trading conditions for both our retail casino and bingo businesses, with strong comparable figures in previous year" . Both businesses showed a year-on-year improvement from quarter to quarter . Digital business continues to grow strongly and there remains significant potential for this channel as we deliver improvements in H2 . Despite increased inflationary and employment costs, we have detailed plans to improve H2 operating profit and remain confident that group will make good strategic progress in 2017 . As a result, board expects that full year results will be in line with market forecasts Further company coverage: [RNK.L] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

Rank Group says total revenue for 15 wks to Oct. 9 flat
Friday, 14 Oct 2016 06:00am EDT 

Rank Group Plc : Rank Group Plc - interim management statement . Total group like-for-like revenue for 15 weeks to Oct. 9 2016 has grown by 1 pct, with total revenue flat . On a channel basis, venues revenue was down 1 pct and digital revenue grew by 7 pct . Grosvenor Casinos' venue like-for-like revenue declined by 1 pct .Expectations for full year remain unchanged..  Full Article

Rank Group says FY adj profit 77.4 mln stg vs 74.1 mln stg
Tuesday, 23 Aug 2016 01:18am EDT 

Rank Group Plc : Continued like-for-like growth across all brands and channels, with group like-for-like revenue up 3 pct . Group EBITDA and group operating profit before exceptional items up in the year, 5 pct and 4 pct respectively, excluding the impact of remote gaming duty . Strong dividend growth with dividend per share of 6.50p, up 16 pct year-on-year . FY adjusted profit before tax 77.4 mln stg versus 74.1 mln stg . Trading in the short seven-week period to August 14 2016 has been positive and is in line with management’s expectations . Rank is predominantly a UK facing business with limited exposure to non-sterling costs and earnings . The UK’s decision to leave the European Union is expected to have little or no direct impact on Rank’s performance . Any likely impact would however be driven by any macro-economic impact of lower UK growth rates or loss of consumer confidence and spending power Further company coverage: [RNK.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

William Hill sees FY profit at top of range as 888-Rank bid falls through
Thursday, 18 Aug 2016 11:43am EDT 

William Hill Plc : Statement regarding 888 and rank group withdrawal . Consortium is bound by restrictions of takeover code . 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 .Management believe there are opportunities to benefit from increased efficiencies in certain areas of business.  Full Article

Rank delays FY results citing on-going deal talks with William Hill
Monday, 15 Aug 2016 05:44am EDT 

Rank Group Plc : Will announce FY results on Tuesday, Aug. 23 2016, rather than on Thursday, Aug. 18 2016 as previously announced .Delay is a consequence of continuing developments in interest expressed by Rank and 888 Holdings Plc in acquiring William Hill Plc.  Full Article

Rank Group,888 confirm making a revised offer for William Hill
Monday, 15 Aug 2016 04:29am EDT 

Rank Group Plc : 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 . 888 and Rank believe that there is potential to identify additional upside in both quantum and timing of cost synergies, plus substantial cost synergies, through constructive engagement . Total capitalised value of cost synergies to William Hill shareholders based on terms of improved proposal would be 52 pence per William Hill share . Value of improved proposal of 394 pence for each William Hill share does not take into consideration capitalised value of cost synergies to William Hill shareholders of 52 pence per william hill share .888 and Rank would welcome opportunity to engage with board of William Hill with goal of consummating a recommended transaction..  Full Article

UK's Rank Group revenue buoyed by online

Oct 19 British casino operator Rank Group Plc on Thursday said comparable group revenue for the 16 weeks to Oct. 15 rose 2 percent on strong online growth.