Sunday 11 December 2016

Online take boosts William Hill's profits

GAMBLING

Published 06/08/2011 | 05:00

BRITISH bookmaker William Hill has reported pre-tax profits of £126.9m (€145.7m) for the first half of this year, up 23pc from the same period a year earlier. Net revenue rose by 7pc to £567.8m. Revenue from betting shops was up just 2pc, but online revenue grew by 23pc. William Hill chief executive Ralph Topping described the results as 'especially strong' in tough economic conditions, and compared with the previous period, which included the World Cup. But it closed 20 under-performing shops in the Republic of Ireland.

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Print firm battles to win internet clients

SMALL FIRMS

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PHARMACEUTICALS

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Losses force Fannie Mae to seek $5.1bn

ECONOMY

THE semi-public US mortgage financing giant Fannie Mae has said it will seek an additional $5.1bn (€3.6bn) from the US government, following a steep quarterly loss. Fannie Mae said it lost $2.9bn in the second quarter of 2011 as high unemployment and a prolonged slump in the US housing market continued to chew away at its mortgage portfolio. "The loss in the second quarter of 2011 reflects the continued weakness in the housing and mortgage markets," Fannie Mae said in a statement.

Irish Independent

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