Saturday September 19, 2020

Paddy Power’s big British gamble

Paddy Power announced a doubling of first-half profits last week, but the performance of the bookmaker’s British operations looks set to be the first big hurdle faced by chief executive Patrick Kennedy.

8th September, 2007

Paddy Power announced a doubling of first-half profits last week, but the performance of the bookmaker’s British operations looks set to be the first big hurdle faced by chief executive Patrick Kennedy.

Kennedy, now in his second year in the position, was able to trumpet pre-tax profits of €35 million for the six months to June, up from €17 million last year. It was a strong outturn and largely driven by an exceptionally...

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