Paddy Power Betfair and Grafton results - the key points

Shares in Paddy Power Betfair slide as Grafton gains after results

7th March, 2017
A Woodie's store, owned by Grafton Group Pic:

Bookmaker Paddy Power Betfair and builders merchanting firm Grafton Group are the latest companies to release their results for 2016. Grafton reported a strong set of results, including a 14 per cent rise in pre-tax profit to £136.2 million and record revenues of £2.5 billion. Meanwhile, revenue and underlying earnings rose strongly at Paddy Power Betfair, although the company reported a pre-tax loss of £5.7 million compared to a profit of £108.2 million a year...

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