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FTSE 100 group hires Wall Street boutique Moelis to advise on possible disposals
Boutique chain wants to expand and take advantage of post-pandemic travel boom
...But much of the industry is heading in a similar direction: industry rival Flutter, which owns Paddy Power and Sky Bet, derived 97 per cent of its revenues from regulated markets in 2022....
Projected decrease in first year of sales under Allwyn threatens a reduction in charitable funding
...UK asset manager Abrdn is trialling alternatives to the Bloomberg terminals that make up the backbone of the investment industry, as part of a broader drive to slash about £150mn in costs....
...Daynard said that the nascent US online betting industry had faced little pushback since its inception. “There’s been a monologue from the industry,” he told the Financial Times....
...Desmond still owns a property empire out of his offices in the City of London, but told the FT that he was not interested in returning to the newspaper industry with a bid for the Telegraph....
Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemic
...“Adrian van den Hoven, director-general of Medicines for Europe, an industry body representing European pharmaceutical companies, said that ambiguity around the new anti-espionage law had led to concerns...
...If enacted, the bill will have far-reaching consequences for the US pharmaceutical industry....
...The outcome could have ramifications beyond the industry....
...Some analysts say non-opioid pain medication could be the next blockbuster class of drugs, with an impact on the industry similar to the weight-loss medications....
Expansion is part of plans by new owners of the celebrity haunt to appeal to a younger crowd
...“There’s not the clear-cut clinical evidence like physicians wanted, the products don’t stop the disease like the patients wanted, they’re never going to be as big a blockbuster as industry wanted and they...
Retail group agrees first partnership with a big drug company since launching online pharmacy business in 2020
Hong Kong-based fund frustrated at group’s failure to pay a dividend since 2020
Shares in the members’ clubs group plunged after GlassHouse alleged it had ‘terrible accounting’
...Adam Fein, president of Drug Channels Institute, said Amazon Pharmacy “continues to garner attention . . . beyond its actual impact on the pharmacy industry”....
State-backed French lottery operator strikes €2.6bn deal to create one of Europe’s biggest gambling companies
...This is the highest level of activity since the last quarter of 2021 when the industry was still riding a wave of investor exuberance because of the Covid-19 pandemic, according to data from Dealogic....
...The luxury cruise sector is growing three times faster than the industry at large, nearly doubling capacity by 2028, according to an Oxford Economics report from last September....
Group in discussions with several potential financing partners
...The industry body wrote on X: “The Chancellor said ‘we value our alcohol industry and are backing great British pubs’ . . . but what about the vape industry, which has been instrumental in bringing the UK...
Gambling group says stricter betting rules in UK dented revenues last year
...In Europe, the dominance of investing within an environmental, social and governance framework means there is very little capital prepared to invest in the tobacco industry....
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