Business

Paddy Power Betfair sees 2016 earnings hit mid-point

It expects the group's underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) to be close to the mid-point of its previously guided range of between £390m (€453m) and £405m (€470m). The Irish firm notes that the total cost of "customer friendly results" was approximately £40m (€46m) in the quarter - before "any benefit from the re-cycling of winnings".

Business

I'm cutting 75% of regulations, maybe more!

During the meeting with business leaders, Trump warned that companies will only benefit from his tax cuts if the remain in the U.S. "You have to go through the process, but it's going to be expedited. "Some people would say that's not free trade", he added. As he did on the campaign trail, Trump said that his plans to push American manufacturing and renegotiate trade deals do not mean that he wants to abandon free trade altogether.

Business

United States judge blocks Aetna-Humana deal as bad for consumers

Aetna spokesman T.J. Crawford said the insurer's lawyers are reviewing the 158-page opinion and "are giving serious consideration to an appeal after putting forward a compelling case". Humana is the second-largest Medicare Advantage insurer, while Aetna is the fourth-largest and is rapidly adding more members. The likely effects of one company holding such a large market share include higher premiums and out-of-pocket costs for consumers, lower health plan quality, less innovation in ...

Business

Caught on camera: Police officer saves woman trapped inside burning auto

Novak told KHQ that she drove over a patch of ice on Spokane's north side when her vehicle suddenly shut off. Smoke started to rise from the hood of the vehicle and then flames. "I'm realizing where there's smoke, there's fire and oh crap my car's now on fire", Novak explained. Officer Tim Schwering was the first to arrive on the scene, just before fire crews.

Business

Bernie Ecclestone No Longer Runs Formula One

In a new company structure, Liberty are expected to appoint two new executives under Carey, one to oversee the commercial side of F1 and the other to lead the sporting and technical aspects. Formula One now lacks a marketing department and has derived much of its revenue from television rights and race hosting fees, with Ecclestone making the deals.

Business

Sky Plc (LON:SKY) Receives Hold Rating From Liberum Capital Analysts

Finally, BNP Paribas reissued an underperform rating and issued a GBX 300 ($3.62) target price on shares of Ashmore Group plc in a report on Monday, November 21st. Barclays PLC is a global financial services holding company. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/01/22/inmarsat-plc-isat-given-new-gbx-1020-price-target-at-deutsche-bank-ag.html.


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