GVC secures its Blue Chip status re-listing on FTSE100

first_img Submit StumbleUpon GVC hires ‘comms pro’ Tessa Curtis to re-energise media profile  August 25, 2020 GVC Holdings has completed a further leadership objective having been re-admitted onto the FTSE100 index, bolstering its status as a London blue-chip stock.On Wednesday, the FTSE Russell published its top 100-to-250 index report having reviewed all quarterly trading statements sanctioned by listed companies.The FTSE announced the inclusion of GVC Holdings, AVAST (IT security), Homeserve (emergency repairs) and Kingfisher (home retail) onto the top 100 index.The four incumbents replace Carnival Cruises, Centrica Energy, Easyjet and Meggitt (aerospace systems) as FTSE100 enterprises, following the quarterly rebalance.GVC joins competitor Flutter Entertainment Plc as the only betting groups listed on the top bracket of the London Stock Exchange index.The company had previously listed briefly as a FTSE100 enterprise following its acquisition of Ladbrokes Coral back in March 2018.Despite GVC significant enlargement, the firm’s share price and value would be dented by the UK government announcing its £2 wagering limit on FOBTs machines, diminishing the value of Ladbrokes Coral’s retail estates.Branding the firm’s FTSE100 re-inclusion as a ‘key landmark’, GVC stated confidence in the firm’s future prospects, having placed responsible gambling at the forefront of its corporate strategy –  in which the company moves to expand its global profile within the US and further new regulated marketplaces. Share ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure  August 27, 2020 GVC absorbs retail shocks as business recalibrates for critical H2 trading August 13, 2020 Related Articles Sharelast_img

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *