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Rank Group PLC Ord 13 8/9P (RNK)

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29-Apr-2021 09:16 AM

Rank Group appoints non-exec director

The Rank Group has appointed Katie McAlister to the board with immediate effect as a non-executive director. She will also serve on its nominations, safer gambling and remuneration committees. Ms McAlister is currently the chief marketing officer (Sale
28-Jan-2021 09:04 AM

Rank's casinos reel from Covid impact

Casino operator Rank has reported a half year operating loss of £52.9 million pounds, owing to Covid-19 restrictions. The group's half year results reveal net revenue minus prize payments was £177.6 million, a 55% drop from the comparat
29-Oct-2020 08:09 AM

Rank Group exits Belgium with £25m casino sale

Gambling company The Rank Group is to exit Belgium through the sale of its only remaining casino in the country. The company has agreed to sell its Blankenberge casino and associated digital licence to Kindred Group for a total consideration of £25
10-Sep-2020 07:54 AM

Rank sees hit to revenue and operating profit from venue closures; reports good digital growth

Bingo hall and casino group Rank announced 'strong' results in the eight months prior to the pandemic helped by growth in digital brands, while net gaming revenue and operating profit were both lower in the full year as COVID-19 caused venue clo
03-Jul-2020 07:08 AM

Rank sees annual profit at bottom end of guidance range citing reopening costs

Bingo hall and casino group Rank warned that its annual profit would be at the bottom end of its guidance range, due to costs associated with reopening its venues. The company also warned that certain venues may not open again. Operating profit for the
20-Apr-2020 07:24 AM

Rank furloughs 7,000 workers; holds back on dividend decision

Bingo hall and casino company Rank said it had furloughed about 7,000 employees and await more clarity on the Covid-19 situation before deciding whether to pay its next planned dividend. Rank said the short-term economic impact from the crisis to its ven
20-Mar-2020 09:10 AM

Broker Forecast - Peel Hunt issues a broker note on Rank Group (The) PLC

Peel Hunt today reaffirms its buy investment rating on Rank Group (The) PLC (LON:RNK) and cut its price target to 240p (from 320p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
17-Mar-2020 02:50 PM

Bingo hall operator Rank hit by coronavirus; says balance sheet 'strong'

Bingo hall and casino operator Rank said its business was feeling the effects of government moves to limit the spread of the coronavirus. The company said it had seen a slowdown in trading at its UK venues in the last three weeks, with a sharper decline
30-Jan-2020 09:09 AM

Rank underlying net gaming revenue climbs to £377.5m boosted by Stride acquisition

Bingo company Rank said group underlying net gaming revenue grew by 10% to reach £377.5m, while underlying operating profit soared 70% to £55.1m during the six months to 31 December 2019, in which it completed the acquisition of Stride Gaming.
16-Jan-2020 09:00 AM

Broker Forecast - Peel Hunt issues a broker note on Rank Group (The) PLC

Peel Hunt today reaffirms its buy investment rating on Rank Group (The) PLC (LON:RNK) and raised its price target to 320p (from 240p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
15-Oct-2019 07:20 AM

Rank net gaming revenue rises 9% in first quarter

Bingo company Rank said its net gaming revenue rose 9% in the first quarter, led by strong sales at its Grosvenor casino business. On a like-for-like basis, net gaming revenue for the three months through September rose 10%. Grosvenor revenue jumped 15%
22-Aug-2019 07:29 AM

Rank Group sees fall in FY profits on tough H1, names new chair

Rank Group, which operates Mecca Bingo and Grosvenor Casinos, saw a slump in full-year profits as a tough first half offset gains in the second half of the year. Group operating profit fell 22% to £39m for the 12 months ended 30 June 2019. Group
05-Jun-2019 08:20 AM

Broker Forecast - Shore Capital issues a broker note on Rank Group (The) PLC

Shore Capital today upgrades its investment rating on Rank Group (The) PLC (LON:RNK) to buy (from hold). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
31-Jan-2019 09:40 AM

Broker Forecast - Shore Capital issues a broker note on Rank Group (The) PLC

Shore Capital today downgrades its investment rating on Rank Group (The) PLC (LON:RNK) to hold (from buy). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
31-Jan-2019 08:41 AM

"Tough trading" weighs on Rank's H1 profits

Gambling company Rank reported a 27.6% fall in its adjusted pre-tax profit to £29.1m for the first half of its financial year amid "tough trading". However, the company said it was "encouraged" by the group's improved perfo
18-Dec-2018 08:40 AM

Broker Forecast - Peel Hunt issues a broker note on Rank Group (The) PLC

Peel Hunt today reaffirms its buy investment rating on Rank Group (The) PLC (LON:RNK) and cut its price target to 180p (from 245p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
18-Oct-2018 08:05 AM

Rank Group sales suffer as Grosvenor Casinos and Mecca Bingo visits drop

Gambling company Rank Group reported on Thursday that quarterly sales had slumped 4.9% in the 16 weeks to 14 October as high-spending customers spent less at its Grosvenor Casinos while its Mecca Bingo halls continued to see fewer visits. Like-for-like
16-Aug-2018 08:10 AM

"Challenging year" at Rank Group drags pre-tax profit over 40% lower

Gambling company Rank Group saw full-year pre-tax profits plummet 40.7% to £50.1m in a "challenging" 2018 on the back of a "disappointing performance" at Grosvenor and a drop in visitors to its Mecca Bingo halls. "With th
30-Apr-2018 11:30 AM

Broker Forecast - Peel Hunt issues a broker note on Rank Group (The) PLC

Peel Hunt today reaffirms its buy investment rating on Rank Group (The) PLC (LON:RNK) and set its price target at 245p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
05-Apr-2018 09:10 AM

Broker Forecast - Peel Hunt issues a broker note on Rank Group (The) PLC

Peel Hunt today reaffirms its buy investment rating on Rank Group (The) PLC (LON:RNK) and cut its price target to 245p (from 265p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
05-Apr-2018 07:35 AM

Rank cuts profit expectations after weak venues performance

The Rank Group has cut its full year operating profit expectations after like-for-like revenue fell by 2% in the 13 weeks to 1 April 2018. On a divisional basis, Mecca's venues revenue fell by 2%, Grosvenor's venues revenues fell by 9% and UK
01-Feb-2018 07:41 AM

Rank boosted by strong digital growth

Mecca Bingo and Grosvenor Casino owner Rank grew its adjusted profit before tax by 17% to £40.2m in the six months to 31 December, led by a strong performance in its digital business. The group's UK digital business delivered revenue growth of
16-Nov-2017 08:10 AM

Broker Forecast - Peel Hunt issues a broker note on Rank Group (The) PLC

Peel Hunt today upgrades its investment rating on Rank Group (The) PLC (LON:RNK) to buy (from add) and left its price target at 265p. Story provided by StockMarketWire.com...
19-Oct-2017 07:23 AM

Rank like-for-like revenue rises 2%

Casino and bingo operator Rank grew its like-for-like revenue by 2% for the 16 weeks to 15 October. Venues revenue fell by 1% whereas digital revenue grew by 19%. Grosvenor Casinos' venues like-for-like revenue was down 1% driven by a lower than
17-Aug-2017 08:49 AM

FTSE weaker as pound strengthens

The FTSE 100 lost 7.18 points to 7,425.46 on Thursday morning after a split among US monetary policymakers strengthened the pound. Kingfisher (KGF) lost 2.6% to 299.4p on a 1.9% fall in like-for-like sales to £3.1 billion in the second quarter with

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