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Tuesday 06 November 2018 8:04 am|Updated:Monday 03 June 2019 3:28 amWilliam Hill predicts lower profit for 2018 as regulation offsets US expansionBy: Joe CurtisShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleBetting firm William Hill today predicted lower full-year profits for 2018, despite efforts to take advantage of the legalisation of sports gambling in many states in the US.Operating profit is predicted to come in between pound;225m and pound;245m by the end of the year, compared to operating profit of pound;291.3m for 2017.The firm s share price fell by over five per cent in early morning trading.While online revenue is up four per cent for the year to date, betting shop sales are down four per cent, William Hill said in its trading update.It blamed weaker football and racing betting margins, including three loss-makin polene bolsos g horse racing weeks over summer, while its betting shops have suffered similar high street blues to other retailers. The companyrsquo strong brumate cup est growth came from the US, where net revenue was up 36 per cent for the year so far after the US Supreme Court struck down legislation banning betting on football, polene deutschland baseball, basketball and other sports in most states earlier this year.The decision could legalise sports betting nationwide as individual states draw up their own legislation, and William Hill is one of a number of British firms to head stateside t Yulq Politicians clamour to take credit for SSE price freeze

Thursday 18 November 2010 8:27 pm|Updated:Friday 31 May 2019 10:02 amGovernment borrowing up on last yearBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterL stanley cup inkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleTHE chancellor could have to cut public spending by even more than planned, economists warned yesterday after government borrowing in October was higher than last year. The Office for National Statistics ONS said net borrowing was pound;10.3bn last month, up from pound;10.1bn in October 2009.There is now a very real risk the deficit will overshoot the governmentrsquo target of net borrowing of p stanley ca ound;149bn for 2010-11, according to Graeme Leach, chief economist at the Institute of Directors.Chancellor George Osborne may have to revisit spending cuts and tax hikes if the economy underperforms between now and March, Leach added.The ONS figures show public s stanley at ector net debt reaching pound;845.8bn ndash; the equivalent of 57.1 per cent of the UKrsquo GDP ndash; up from pound;694.7bn or 49.3 per cent of GDP at the end of October 2009. These figures exclude financial interventions such as bailouts for banks. Including these amounts, the public sector debt is 64.5 per cent of GDP, says the ONS.Mark Littlewood, director general of the Institute of Economic Affairs, said: The real liabilities facing the country are even worse than these numbers indicate. When our colossal p