UK's Shrinking Stock Market Takes Another Hit: Flutter Entertainment Abandons London Listing In a significant blow to the UK's dwindling stock market, Flutter Entertainment, the parent company of popular betting brands Paddy Power and Betfair, has announced plans to delist its shares from the London Stock Exchange. The move, set to take effect on August 3rd, comes as the company cites low trading volumes and high costs associated with maintaining its listing. This decision marks the latest in a series of high-profile departures from the UK market, raising concerns about the long-term health of British finance. As one of the world's largest online betting companies, Flutter Entertainment's departure is likely to send shockwaves through the industry and further erode investor confidence in the UK stock market.
Gambling business, which also owns Betfair, to focus on New York in latest high-profile blow to UK stock marketBusiness live – latest updatesThe gambling group that owns Paddy Power and Betfair is to scrap its listing on the London Stock Exchange, in yet another blow for the UK’s shrinking stock market.Flutter Entertainment, the world’s largest online betting company, told investors that it will cancel its London shares on 3 August, blaming low levels of trading in the stock and high costs. Continue reading...
