The view from the trading floor
With the betting giant in a state of flux, analysts are wary of it at present – causing its share price to fall sharply
With Q2 revenues down year-on-year, customer friendly results and a change in leadership, analysts are cautious about putting their bets on Paddy Power Betfair.
The betting giant’s shares took a hit on Monday and Tuesday as it announced increased spending on promotional offers and slashed odds in an attempt to tackle slowing growth.
On Monday, too, it revealed that its chief executive Breon Corcoran, an industry veteran of 16 years, was stepping down ...
