Punter comeback halted Paddy Power Betfair gallop

After news of chief executive's departure, company reports Q2 growth slowdown

Absence of Euro 2016 hit Paddy Power Betfair revenue. Pic: Getty

Paddy Power Betfair (PB), which yesterday announced thatits chief executive Breon Corcoran would be leaving the company after 16 years, this morning reported first-half results which showed that a weaker second quarter slowed growth in earnings and revenue after a strong start to 2017.

The company’s shares fell by more than 5 per cent after yesterday’s statement, which included news that Corcoran would be replaced by Peter Jackson, current head of the UK ...