Paddy Power

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WeWork   shelved its IPO plans after its private valuation of $47 billion was reportedly slashed to $10 billion as unimpressed investors steered clear. Photograph:   Timothy  Clary/AFP via Getty Images

As initial price offerings (IPO) attempts go, WeWork’s failed flotation was as bad as it gets – its private valuation of $47 billion was reportedly sl(...)

Traders working  at the  New York Stock Exchange. Investors should be wary of sensationalist media headlines that make market declines seem larger than they really are. Photograph: Johannes Eisele/AFP/Getty Images

Can the market multiply and divide? The question might seem odd – after all, financial markets are dominated by sophisticated investors who aim to ke(...)

The Tax Appeals Commission said Mr McGann had failed to discharge the burden of proof that Revenue had wrongly assessed the payments as liable for income tax. Photograph: Alan Betson

Businessman Gary McGann has lost an appeal against tax treatment on two payments totalling €2.3 million which he claimed were a gift from Smurfit Kapp(...)

Mandate says it represents more than 300 workers in Paddy Power. Photograph: Alan Crowhurst/Getty Images

Workers denied rest breaks at Paddy Power betting shops have received as much as €92,000 in compensation after the Workplace Relations Commission (WRC(...)

Betting industry executives and experienced professional gamblers claim large amounts of dirty money and illegal gambling could be flowing through to the Betfair online betting site given weak regulatory enforcement elsewhere. Photograph: Matthew Childs/Reuters

Horse trainer Michael Madgwick was celebrating last week when Miss Recycled became the surprise winner in the 4.15pm one-mile handicap at Brighton, re(...)

President Donald Trump. Photograph: Doug Mills/The New York Times

The S&P 500 enjoyed its biggest one-day gain since January last Tuesday after Federal Reserve chief Jerome Powell indicated he was open to cutting(...)

Shares in Ladbrokes parent GVC slumped after chief executive Kenny Alexander and chairman Lee Feldman sold shares in the company.

Ladbrokes’ owner GVC shed nearly a fifth of its value on London’s stock exchange after its two top executives sold about £20 million worth of their sh(...)

The group said revenue rose 7% to £1.87bn last year from £1.745bn in 2017. Photograph: Alan Crowhurst/Getty

Paddy Power Betfair could buy more businesses to add to last month’s purchase of Georgian operator Adjarabet, the Irish gambling giant said on Wednesd(...)

Cadmium: booked his ticket to the Grand Annual Chase at Cheltenham in winning the WhatOddsPaddy? Chase at Naas. Photograph: Morgan Treacy/Inpho

Cadmium booked his ticket to the Grand Annual Chase at Cheltenham in winning the WhatOddsPaddy? Chase at Naas. The Willie Mullins-trained seven-year-(...)

Studies have linked betting terminals to a rise in problem gambling in the UK. Photograph: Getty

Britain’s finance minister Philip Hammond is expected to bring forward new rules for betting machines that could cost Irish gambling giant Paddy Power(...)

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