888 Holdings Plummets 8.84%, GSK and Haleon Defend Claims: Morning Roundup

Check out the top stories from London Listed Stocks on Friday…

888 Holdings

  • 888 Holdings Announced H1 Results, which saw Revenue Fall 13% year-on-year to £332.1 million.
  • Profit before tax also declined 66% to £14.4 million.
  • The betting firm completed the acquisition of William Hill on July 1st 2022.
  • 888 shares plummeted 8.84% on Friday.

Flutter Entertainment

  • The sports betting provider reported group revenue increased 11% to £3.39 billion, driven by recreational player growth.
  • In addition, Flutter posted a loss after tax of £112 million.
  • The company expects net revenue ahead of expectations at between £2.3bn and £2.5bn and an Adjusted EBITDA loss of between £225m and £275m for H2.

GSK and Haleon

  • Shares of GSK and Haleon have fallen sharply this week following investor concern on its heartburn drug.
  • The FDA and ENA have all concluded there is no evidence of an association between therapy with the heartburn drug ranitidine and the development of cancer in patients.
  • GSK stated Plaintiff’s litigation inconsistent with the scientific consensus, GSK will vigorously defend all claims.

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