Shares in Paddy Power fell as much as 7.8 per cent in Dublin this afternoon after Merrion Capital cut its rating on Ireland’s largest bookmaker to “reduce” from “buy”.
The shares fell as low as €10.80 at 12.12pm, before recovering to trade at €10.90 by 2.45 pm. At this share price the company has a market capitalisation of €518 million.
