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UK tax threat revives gambling stocks’ M&A saga

BREAKINGVIEWS-UK tax threat revives gambling stocks’ M&A saga The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Oct 14 (Reuters Breakingviews) - Britain’s gambling industry is in the firing line. Shares in UK-focused betting companies like Entain ENT.L and Evoke EVOK.L fell over 10% on Monday morning following a Guardian report flagging the risk of a 3-billion-pound ($3.9 billion) tax hike on the sector.
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China's stimulus: how many trillion for an equity boost?

LIVE MARKETS-China's stimulus: how many trillion for an equity boost? STOXX 600 up 0.2% Aerospace and Defense leads UK gambling names fall Wall St futures steady Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com CHINA’S STIMULUS: HOW MANY TRILLIONS FOR AN EQUITY BOOST?
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European stocks flat as China stimulus update underwhelms

UPDATE 1-European stocks flat as China stimulus update underwhelms Luxury stocks hit by China update ECB set to cut rates on Thursday Entain, Flutter tumble on tax hike fears Updated at 0832 GMT By Paolo Laudani and Sruthi Shankar Oct 14 (Reuters) - European stocks were little changed on Monday after China's stimulus plans failed to inspire confidence among investors, who focussed on the earnings season and the European Central Bank's (ECB) policy meeting later this week.
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British bookmakers' shares slump on tax hike fears

UPDATE 3-British bookmakers' shares slump on tax hike fears Labour government's maiden budget due on Oct. 30 Analysts expect major hit to companies Entain top percentage loser on blue-chips index Adds HM Treasury, Evoke decline to comment in paragraph 7; updates shares By Shanima A and Yadarisa Shabong Oct 14 (Reuters) - Shares in British bookmakers Entain ENT.L , Evoke EVOK.L and Flutter FLTRF.L fell sharply on Monday, after a media report that the Labour government is considering a 3 billion p
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European shares mostly higher, UK gambling names tumble

LIVE MARKETS-European shares mostly higher, UK gambling names tumble STOXX 600 up 0.2% Aerospace and Defense leads UK gambling names fall Wall St futures steady Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPEAN SHARES MOSTLY HIGHER, UK GAMBLING NAMES TUMBLE Major European bourses are edging higher on Monday as investors looked ahead to key events this week, including the E
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British bookmakers slump on report of government mulling tax hikes

British bookmakers slump on report of government mulling tax hikes Oct 14 (Reuters) - Shares in British bookmakers Entain ENT.L , Evoke EVOK.L and Flutter FLTRF.L fell on Monday, after a media report the Labour government is mulling a 3 billion pound ($3.92 billion) tax raid on the gambling sector to shore up public finances. Ladbrokes owner Entain dropped nearly 13%, Evoke, owner of the 888 brands, slumped 14% and Paddy Power owner Flutter slipped 7% in early trade.
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UK betting firms plummet on report government can levy hefty taxes

BUZZ-UK betting firms plummet on report government can levy hefty taxes ** Shares in UK-listed gambling firms fall on media report that government could double taxes ** Evoke EVOK.L slides 13.8%, Entain ENT.L 14.3%, Flutter FLTRF.L 6.9% and Playtech PTEC.L 2.2% ** UK government is weighing proposals to double some taxes on online casinos and bookma
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European stock futures struggle for direction

LIVE MARKETS-European stock futures struggle for direction Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPEAN STOCK FUTURES STRUGGLE FOR DIRECTION Major European equity index futures are struggling for direction on Monday as details on China's stimulus remain scant following a weekend press conference, and as eyes turn to Thursday's ECB rate announcement.
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U.S. ANI Pharmaceuticals, Deere & Co, Zoetis

U.S. RESEARCH ROUNDUP-ANI Pharmaceuticals, Deere & Co, Zoetis Oct 11 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including ANI Pharmaceuticals, Deere & Co and Zoetis, on Friday. HIGHLIGHTS * ANI Pharmaceuticals Inc ANIP.O : Piper Sandler initiates coverage with overweight rating * Deere & Co DE.N : JP Morgan raises target price to $420 from $360 * Northrop Grumman NOC.N : Citigroup raises target price to $587 from $521 * S
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Brazil's Lula says will ban sports bets if 'addiction' not regulated

Brazil's Lula says will ban sports bets if 'addiction' not regulated Betting hitting household incomes Worried about gambling addiction Credit cards for gambling now banned BRASILIA, Oct 6 (Reuters) - Brazil President Luiz Inacio Lula da Silva, whose government is trying to stop a sports bets craze consuming household incomes, said on Sunday he will ban online betting if regulation does not cure "addiction" by bettors.
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U.S. Cintas, Nasdaq, Talen Energy

U.S. RESEARCH ROUNDUP-Cintas, Nasdaq, Talen Energy Sept 26 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Cintas, Nasdaq and Talen Energy, on Thursday. HIGHLIGHTS * Celldex Therapeutics Inc CLDX.O : Wells Fargo raises to overweight from equal weight * Cintas Corp CTAS.O : JP Morgan raises target price to $228 from $212.50 * Expedia Group Inc EXPE.O : TD Cowen cuts to hold from buy * Nasdaq Inc NDAQ.O : TD Cowen init
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U.S. STOCKS SLM Corp, Amgen Inc, Cintas Corp

BUZZ-U.S. STOCKS ON THE MOVE-SLM Corp, Amgen Inc, Cintas Corp Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were mixed on Wednesday, with the S&P 500 hovering near a record high, as investors awaited more indicators on the state of the economy and upcoming interest rate reductions.
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U.S. STOCKS DoorDash, KB Home, Tyson Foods

BUZZ-U.S. STOCKS ON THE MOVE-DoorDash, KB Home, Tyson Foods Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were mixed on Wednesday, with the S&P 500 hovering near record highs, as investors awaited more indicators on the state of the economy and upcoming interest rate reductions.
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U.S. STOCKS DoorDash, KB Home, Tyson Foods

BUZZ-U.S. STOCKS ON THE MOVE-DoorDash, KB Home, Tyson Foods Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street was set for a subdued start on Wednesday, with investors awaiting further indicators on the state of the economy and potential interest rate reductions, a week after the Federal Reserve initiated its policy relaxation cycle.
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Flutter forecasts profits to double by 2027, unveils $5 billion share buyback

UPDATE 1-Flutter forecasts profits to double by 2027, unveils $5 billion share buyback Adds details, share price in paragraphs 3-8 DUBLIN, Sept 25 (Reuters) - Flutter FLTRF.L , FLUT.N , the world's largest online betting company, said on Wednesday it expects to more than double its core profit by 2027 and that it had authorised a share buyback of up to $5 billion to be deployed over that period.
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Flutter sees profits doubling by 2027, authorises $5 bln share buyback

Flutter sees profits doubling by 2027, authorises $5 bln share buyback DUBLIN, Sept 25 (Reuters) - Flutter FLTRF.L , FLUT.N , the world's largest online betting company, said on Wednesday it expects to more than double its core profit by 2027 and that it had authorised a share buyback of up to $5 billion to be deployed over that period. Flutter, which has forecast full-year profit of $2.5 billion this year, said that should reach over $5 billion by 2027, with almost half coming from the booming
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Brazil’s online gambling craze may be hitting consumer spending

ANALYSIS-Brazil’s online gambling craze may be hitting consumer spending Lower-than-expected growth in consumer spending linked to gambling, economists say Family spending on gambling doubled since 2018, Santander report shows Gambling industry disputes impact on consumption, blames COVID-19 pandemic By Lisandra Paraguassu and Anthony Boadle BRASILIA, Sept 20 (Reuters) - Soccer-mad Brazilians have fallen hard for online sports betting , yielding a boom of interest from foreign gambling compani
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Sept 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Tuesday: ** The U.S. Transportation Department said it had agreed to allow Alaska Airlines ALK.N to close on its $1.9 billion acquisition of Hawaiian Airlines HA.O , after the carriers agreed to maintain key Hawaiian routes and adopt consumer protections.
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Brazil to suspend betting firms with no authorization request amid 'gambling pandemic'

Brazil to suspend betting firms with no authorization request amid 'gambling pandemic' BRASILIA, Sept 17 (Reuters) - Brazil's government will suspend the operations of fixed-odds betting companies in October if they have not yet applied for authorization, as part of efforts to kick off the sector's regulation, which will formally begin next year. "This is related to a pandemic that has taken hold in the country, this issue of psychological addiction to gambling, and we need to start addressing i
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Europe's STOXX 600 at two-week closing high in lead-up to Fed rate decision

UPDATE 2-Europe's STOXX 600 at two-week closing high in lead-up to Fed rate decision For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Kingfisher jumps after raising bottom-end of profit forecast Spain's benchmark hits over nine-year high Ryanair gains after CEO says sees better momentum in bookings STOXX 600 up 0.4% Updated at 1600 GMT By Shubham Batra and Shashwat Chauhan Sept 17 (Reuters) - Europe's STOXX 600 recorded its highest closin
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