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MARKET REPORT: Mecca Bingo-owner Rank stock surges on US takeover talk - Vimarsana News

MARKET REPORT: Mecca Bingo-owner Rank stock surges on US takeover talk

Brokers said the trading patterns of the stock yesterday had alerted them to a potential deal. Stock Watch - Hilton Food Group  Food packaging company Hilton Food Group said that trading is in line with expectations amid strong demand from European customers who have been stuck at home during the pandemic. The company said that turnover from its UK red meat business has grown strongly compared to last year. Turnover has also increased in Scandinavia. However, shortages of Swedish meat has held back growth somewhat. Its vegan joint venture Dalco saw sales rise a little compared to the same p...

Rank Group bemoans the impact of coronavirus - Vimarsana News

Rank Group bemoans the impact of coronavirus

April 22, 2021 In the United Kingdom and prominent land-based and online gaming operator Rank Group has released its financial results for the first three months of the year showing a drop of 72% year-on-year in like-for-like aggregated net gaming revenues. The Maidenhead-headquartered firm behind the Grosvenor Casinos and Mecca Bingo chains used an official press release to simultaneously detail a decline of 98% year-on-year in analogous land-based receipts as it suffered through the coronavirus-related shuttering of its entire estate with the exception of the nine Enracha-branded venues it ...

Rank Group records £42m interim loss as Covid drains venue performance - Vimarsana News

Rank Group records £42m interim loss as Covid drains venue performance

Rank Group records £42m interim loss as Covid drains venue performance Share March 22, 2021 Rank Group Plc has reaffirmed its confidence in being able to navigate the continued challenges that the COVID-19 pandemic has placed on its business . Publishing its H1 2020/2021 interim results for the six months ending 31 December 2020, Rank has recorded underlying group-wide losses of £42 million – representing a 171% swing on 2019/2020 profits of £59 million.  As previously reported, the LSE gambling group has continued to suffer from the closure and restricted openings of its Grosvenor Cas...

Rank Group H1 revenue falls 55% as operator posts £48.6m loss - Vimarsana News

Rank Group H1 revenue falls 55% as operator posts £48.6m loss

Rank Group H1 revenue falls 55% as operator posts £48.6m loss 28th January 2021 | By Conor Mulheir The Rank Group saw revenue fall 55% in the first half of its 2020-21 fiscal year, with land-based closures resulting from novel coronavirus (Covid-19) exacerbated by the impact of new social responsibility measures on digital revenue. Underlying like-for-like net gaming revenue in the six months to 31 December 2020 came to £156.9m, down 58% year-on-year. This does not factor in the acquisition and integration of Stride Gaming, new venues and permanent venue closures. Of this total, £66m came ...