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- Rank beats predictions but profits slide
- Business in brief GAMING Rank Group, the casino and bingo hall operator, issued better-than-expected full-year results yesterday, but still reported that pre-tax profits were lower than the year before. The group, which owns the Mecca Bingo chain, said that 2008 pre-tax profits slipped to 40.5m, compared with...
- Research articles 2009-02-27
- Upbeat Petrofac is the sector's solid option
- Investment Column Our view: Hold Share price: 341p (+10.75p) Petrofac, the oil and gas services group, issued a trading statement yesterday, hot on the heels of rival Wood Group, which had updated the market the day before. Both are fundamentally solid...
- Research articles 2008-12-19
- Rank receives 59.1m [pounds sterling] VAT repayment
- The Rank Group has received 59.1m [pounds sterling] in overpaid VAT from Her Majesty's Revenue and Customs HMRC. The repayment covers the five-and-a-half year period from January 2003 to June 2008. Rank said it anticipated that the net cash benefit will be partially offset by gross profits tax and...
- Research articles 2008-12-01
- Boost for Rank as trading starts to rally
- Following a sustained period of very difficult trading, The Rank Group Rank said it had seen a "much stronger relative performance" in recent weeks. Announcing trading results for the 41 weeks to 12 October 2008, Rank said that, on a like-for-like basis, group revenue declined by 8% for the...
- Research articles 2008-11-01
- The Rank Group
- The Rank Group unveiled Owen O'Donnell as its new non-executive director, with effect from 11 September 2008. O'Donnell is currently chief financial officer of Joost, the online media company. His previous appointments include chief financial officer of the online gaming companies Betfair and King.com. Peter Johnson, chairman, said: "We are...
- Research articles 2008-10-01
- LR Index leisure stockwatch August 2008
- From last month's 'Stop all the clocks' stock market misery, what a welcome relief to instead cry 'stop the press!'--but it's true, August has seen an overall improvement in the monthly average, several stocks making significant gains, and some welcome relief for beleaguered investors and chief executives alike. While...
- Research articles 2008-09-01
- Rank 'cautious'
- Rank Group said it is "cautious about the outlook for the rest of the year" after reporting a fall in pre-tax profits for the six months to 30 June. Profits fell to to 17.6m [pounds sterling], from 37.3m [pounds sterling] the prior year. Revenues fell to 257m [pounds sterling]...
- Research articles 2008-09-01
- Devilfish Gaming
- Devilfish Gaming unveiled the appointment of David Boden as executive chairman, with immediate effect. He will succeed Kevin Leach, who will remain on the board as a non-executive director. Boden began his career with Mecca Leisure in 1977 and rose to become its operations director in 1989. In 1994 he...
- Research articles 2008-09-01
- VAT tribunal rules in favour of Rank Group
- The UK's VAT and Duties Tribunal has issued an interim decision in favour of Rank, in the gaming group's ongoing case against HM Revenue and Customs HMRC. The Tribunal said its initial finding was that the UK's Value Added Tax treatment of certain types of gaming machines was inconsistent...
- Research articles 2008-09-01
- Guoco rises in rank
- Asia-based Guoco Group has raised its stake Rank Group, the UK casino and bingo company, to 14.15%, according to a filing to the stock exchange. Guoco has been gradually raising its stake since January> when it held around 4%.
- Research articles 2008-07-01
- The Rank Group
- The Rank Group has announced the appointment of Phil Urban as managing director of its casino arm, Grosvenor Casinos. Urban took up his position with effect from 2 June 2008 and will also join the group's executive committee. He succeeds Peter McCann. Urban's previous roles have included managing directorships of...
- Research articles 2008-07-01
- Rank wins landmark VAT judgement
- Rank Group is set to receive for a 36m [pounds sterling] VAT rebate after winning a landmark legal dispute with HM Revenue & Customs HMRC, which could spark other bingo operators to lodge claims. Rank persuaded the VAT and Duties Tribunal that HMRC's practice of charging VAT on interval...
- Research articles 2008-07-01
- Rank sees 'slower decline' in bingo as Blue Square excels
- Rank Group has slowed the decline in its revenues after fighting back against the smoking ban. The company said expansion into Spain and into other forms of interactive gambling had also helped offset revenue falls at its core bingo business. Group revenue fell by 8% in the first 17...
- Research articles 2008-06-01
- Rank names Phil Urban as managing director of casinos arm
- The Rank Group has appointed Phil Urban, former managing director of Whitbread's pub and restaurants division, as managing director of its casinos business. Urban will head up Rank's Grosvenor Casinos operations, replacing Peter McCann. Prior to joining Whitbread, Urban worked for the Spirit Group, Punch's managed division. ...
- Research articles 2008-06-01
- STOCKS FOCUS: RANK GROUP
- MECCA bingo and Grosvenor casinos operator Rank Group is in line for a GBP36 million VAT rebate after winning a legal dispute with the taxman. Rank convinced the VAT and Duties Tribunal that the practice by HM Revenue & Customs HMRC of charging VAT on interval bingo games...
- Research articles 2008-05-25
- Rank Group
- Rank Group, the bingo and casino operator, has appointed Paddy Gallagher as its finance director, effective 2 June, replacing Peter Gill who will remain with the group until then. Gallagher is currently chief financial officer at Quadriga Worldwide.
- Research articles 2008-05-01
- Gala Coral clears debt hurdle: a refinancing at Gala Coral will leave the group free to explore expansion, while it keeps one eye on a deal to buy the Tote
- John Kelly and Neil Goulden, respectively chairman and chief executive of Gala Coral, have been around the gambling industry too long to be surprised by the sudden change in the company's fortunes over the past year. Every time they spun the Gala roulette wheel with a new set of private...
- Research articles 2008-05-01
- Closure Systems International Inc
- Closure Systems International Inc., a leading global supplier of closures, packaging equipment and technical services, has a new name, a new website address, and a new logo. CSI, formerly Alcoa CSI, is now a member of the newly formed Reynolds Packaging Group owned by the Rank Group Limited. To learn...
- Research articles 2008-05-01
- Closure Systems International, Inc. Introduces New Logo, Website
- INDIANAPOLIS -- Closure Systems International, Inc., a leading global supplier of closures, packaging equipment and technical services, has a new name, a new website address, and a new logo. CSI, formerly Alcoa CSI, is now a member of the newly formed Reynolds Packaging Group owned by the Rank Group Limited....
- Research articles 2008-04-11
- STOCKS FOCUS: RANK GROUP
- SHARES in entertainment group Rank slumped by more than 10-per cent after the resignation of . nance director Peter Gill. The company, which owns Mecca Bingo and Grosvenor Casinos, has suffered from falling bingo attendance, changes to gambling legislation and the smoking ban. Rank issued a pro. ts...
- Research articles 2008-04-06
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