China Taps Global Bankers for Feedback to Lift Market Confidence
  • November 13, 2024

China Taps Global Bankers for Feedback to Lift Market Confidence

(Bloomberg) -- China’s securities regulator has ratcheted up the frequency of interactions with global banks, intensifying what had been quarterly discussions to sometimes weekly or ad-hoc queries aimed at gathering perspectives on recent stimulus measures, according to people familiar with the matter.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Ar

Flutter nudges up guidance on growth outside booming US market
  • November 12, 2024

Flutter nudges up guidance on growth outside booming US market

Flutter, the world's largest online betting company, nudged up its full-year guidance for the second successive quarter on Tuesday after its non-U.S. brands drove better-than-expected third-quarter revenue growth. While Flutter's growth has been transformed by a gambling boom in the nascent U.S. market, where its FanDuel unit is the market leader, core profit at its more established brands in Britain, Europe and Australia jumped by 24% to $392 million in the quarter. That helped push up total adjusted earnings before interest, tax, depreciation and amortisation 74% to $450 million, including a $58 million profit in the U.S., versus an investment-driven $55 million loss in the third quarter last year.