• 목록
• 답변
• 글쓰기
• 게시판 리스트 옵션
  • 수정
  • 삭제

William Hill shares dive 11% on earnings alert

(Close): William Hill shares closed down more than 11% after the bookmaker warned on profits.

It stated online trading had been struck by harder regulation and "the worst Cheltenham results in current history".

It now expects full-year operating earnings to be between ₤ 260m and ₤ 280m, down from ₤ 291.4 m in 2015. As an outcome, the FTSE 250 business saw its shares drop nearly 40p to 331p.

However, the benchmark FTSE 100 ended flat, up 6.4 points at 6199.1.

Top riser on the FTSE 100 was B&Q owner Kingfisher. Its shares completed up 6% regardless of reporting a 20% drop in full-year earnings to ₤ 512m.

However, when restructuring costs were removed out, underlying profits were a better-than-expected ₤ 686m.

William Hill stated there were two primary aspects behind the weaker-than-expected efficiency from its online business.

It said it had actually seen "a velocity in the variety of time-outs and automatic self-exclusions over current weeks", procedures which enable punters to halt gambling with a bookie.

William Hill said that while the trend was "still developing, we estimate that, should these trends continue around existing levels, the yohaig code ensuing lower profits will decrease online's profits by ₤ 20-25m in 2016".

Secondly, its earnings margins were lower than expected since of European football results and last week's Cheltenham horseracing festival, where bookies were struck by big a variety of favourites winning races.

William Hill stated that despite its online issues, the more comprehensive group continued "to trade well" and was in line with expectations.

the yohaig code company also said it was in "advanced discussions" to purchase Openbet, a video gaming software application firm.

Sterling weak

Elsewhere on the London market, shares in Sports Direct were having another bad day, down an even more 5.6% after dropping about 10% on Tuesday.

Earlier the merchant had actually issued a that it expected full-year hidden incomes to be "at or around the bottom" of a previously approximated range. The statement was provided following remarks that founder Mike Ashley made to the Times paper on Tuesday.

On the currency markets, the pound remained weak after having fallen dramatically on Tuesday in the wake of the terror attacks in Brussels, which were viewed as increasing the probability of the yohaig code UK ballot to leave the yohaig code EU.

On Wednesday, sterling fell practically 1% versus the dollar to $1.4087. Against the euro, it lost 0.4% to EUR1.2623.