Stanley hit by 'Dettori effect'
Details of the industry's Black Saturday emerged as Stanley announced a 21 per cent rise in pre-tax profits for the half year to October from pounds 6.1m to pounds 7.4m. Striking a confident note about proposed changes in proposals to deregulate the betting industry, Mr Steinberg signalled a 20 per cent rise in the interim dividend to 1.2p a share.
Planned changes includeopening up 20 regions around the country to casinos. Stanley said it would be interested in making applications for seven or eight of these and would hope to be licensed to open casinos in at least three new sites.
Turnover in the casinos arm increased by 7.7 per cent with profits up almost 12 per cent to pounds 5.2m. Stanley's 533 betting shops, where profits rose from pounds 2.8m to pounds 4m, continued to slug it out with the National Lottery. Much of the improvement related to acquisitions, however, and analysts said like-for-like sales growth of 3 per cent was disappointing.
Investment column, page 22
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
iJobs Money & Business
$200 - $350 per annum: Carlton Senior Appointments: Managing Producer Office...
$125 - $225 per annum: Carlton Senior Appointments: San Fran - Investment Advi...
Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...
Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...