Friday 23 February 2018

Paddy Power Betfair to post Q3 results

Paddy Power Betfair
Paddy Power Betfair
Ellie Donnelly

Ellie Donnelly

Paddy Power Betfair will announce third quarter results on Wednesday, the first covering the period since the announcement of Breon Corcoran's planned departure as chief executive.

Mr Corcoran, who had held the role of CEO since the £7bn (€7.9bn) merger of Paddy Power and Betfair, is being replaced by Peter Jackson, a non-executive director at the bookmaker. Investors will be anxious to hear the latest progress update on the integration of Paddy Power and Betfair's IT systems - seen as an important building block for future growth.

Wednesday will also see the announcement of third quarter results from packaging giant Smurfit Kappa.

The monthly unemployment figures for September will be released by the Central Statistics Office on Wednesday. The data will be followed by the release of the Live Register figures on Friday.

Internationally, today will see German Chancellor Angela Merkel meet with leaders of the Free Democrats and Greens in the latest round of exploratory talks on forming a government.

In the UK, Wednesday will see Trade Secretary Liam Fox before a parliamentary panel on plans for post-Brexit trade.

Irish Independent

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