Paddy Power Betfair and Grafton results - the key points
Shares in Paddy Power Betfair slide as Grafton gains after results
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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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures