Hints and tips:
...On a forward price/earnings ratio of 35 times, Flutter’s shares look expensive. But its strong US business justifies the premium compared with UK peers....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...Disney acquired a 5 per cent stake in DraftKings, a fantasy sports and betting group, in 2019 when it bought 21st Century Fox....
...Under the influence A new challenger has come knocking for DraftKings and FanDuel’s duopoly on mobile sports betting: controversial social media star Jake Paul....
...DraftKings’ share price has risen more than 200 per cent since it listed in April 2020. Part of its success is due to the rising number of US states relaxing online gambling rules....
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...In other real news, DraftKings, the US fantasy sports and sports betting company, has made a roughly £16.6bn offer for the UK gambling company Entain. 2....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com. You can build it, but will they come?...
...Rivals AstraZeneca, Johnson & Johnson, Russia’s Sputnik V and new entrants such as Novavax make up the remainder of the market, which is forecast to double in value to $124bn next year....
...Prices start at 1 ethereum, or about $4,500. Peterside emphasises that the artistic quality of the NFTs is imperative, something this market overall has still to prove....
...The highest price, it seems....
...Shares in DraftKings, a FanDuel rival that listed via a merger with a blank-cheque company last April, have more than tripled since then....
...Because only one shot of the J&J vaccine is required, at $10 it would be nearly half the price of Sputnik V....
...Instead of the usual “pop” in share price we’ve come to expect from Spac deals, shares in the company fell to below $10....
...‘Perfect scenario’ Those look like V-shaped projections, Andrew Glenn thought to himself....
...Of the 145 US vehicles listed between 2015 and 2019, the majority of Spacs did find a target but more than two-thirds were trading below their $10 IPO price....
...The Las Vegas Sands said in October it would consider offloading its Vegas properties if the price was right, Bloomberg reported....
...Automation an automatic choiceJapan Inc has found a new purpose for automation: business continuity in the uncertain era of Covid-19....
...After such strong reads from the first two releases (three if we count Russia’s Sputnik V), the disappointing AZN figures were perhaps bound to prompt downward pressure on the company’s shares....
...They recommend waiting for the next dip in prices, rather than “chasing markets higher” from current levels....
...But sales of the Ariens Ikon XD, featuring 20-inch tyres, a V-twin Kawasaki engine and ergonomic plush seat, have surged in the US during the pandemic....
...And, as a reminder, the competition in the market has never been more fierce, consumers are still very price sensitive and the barriers to entry are low....
...“This is not going to be a V-shaped recovery from here given the many months [or] years it will take for full repair, but it feels good now.”...
...Some hope a bigger fillip to Britain Inc will come from lower oil prices, but that is a vain hope....
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