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Share Price Information for Rank (RNK)

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Share Price: 68.00
Bid: 70.20
Ask: 71.40
Change: -2.80 (-3.95%)
Spread: 1.20 (1.709%)
Open: 71.40
High: 71.40
Low: 68.00
Prev. Close: 70.80
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IN BRIEF: Rank Group to receive GBP83 million from refund of UK VAT

Mon, 22nd Nov 2021 09:31

Rank Group PLC - Maidenhead, Berkshire-based operator of Grosvenor Casinos and Mecca bingo halls - Reaches agreement with UK tax collector HMRC over the amount of its VAT refund. Back in August, HMRC decided against appealing a tribunal ruling on a refund that Rank had claimed for VAT paid on slot machine income between 2006 and 2013. On Monday, Rank says it has agreed with HMRC on a GBP77.5 million refund, to be received "shortly". Rank previously had estimated the refund at GBP80 million; however, it also will receive GBP5.5 million in interest on the claim. Both amounts are subject to 19% corporation tax in the UK. Rank will use the cash to strengthen its balance sheet, it says, and to invest in its restructuring programme.

Current stock price: 154.20 pence, up 2.1% on Monday

Year-to-date change: up 11%

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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25 Jul 2016 09:24

WINNERS & LOSERS SUMMARY: William Hill Rises On 888 And Rank Interest

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25 Jul 2016 08:39

UPDATE 2-William Hill gives frosty response to Rank and 888 approach

* Bookmaker confirms approach from Rank and 888 * Shares surge 11 pct * William Hill says it sees little merit in a deal * Regulation, rising taxes spur industry consolidation (Adds reaction, share price) By Kate Holton LONDON, July 25 (Reuters) - British bookmaker

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25 Jul 2016 08:25

EXTRA: William Hill May Join Gaming Consolidation With Rank-888 Bid

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25 Jul 2016 07:16

BUZZ-William Hill: 888, Rank Group take aim at co

** Bookmaker William Hill's shares up 9.4 pct, top of Stoxx 600 as well as UK's FTSE 250 and at 4-mth highs ** More than 80 pct of co's daily avg vols gone though in the first ten minutes of trade ** Online gambling group 888 and casino operator Rank Group say they are joining forces

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25 Jul 2016 07:02

Rank and 888 turn tables in joint approach for William Hill

(ShareCast News) - Rank Group and 888 Holdings have begun talks about a £3bn joint takeover approach for struggling high street bookmaker William Hill. No formal approach has yet been made for William Hill, which last week axed chief executive James Henderson, but over the weekend the company said i

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25 Jul 2016 06:17

William Hill says not clear Rank and 888 deal would enhance position

LONDON, July 25 (Reuters) - William Hill said it was not clear that a combination with 888 Holdings and Rank Group would enhance its position after the two firms joined forces with a view to making a bid for the British bookmaker. 888 and Rank said on Sunday they were working on a three-way

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24 Jul 2016 14:20

UPDATE 1-888 and Rank Group join forces to bid for William Hill

(Adds background, share prices) By Paul Sandle LONDON, July 24 (Reuters) - Online gambling group 888 Holdings and casino operator Rank Group are joining forces with a view to making a bid for William Hill , the British bookmaker that fired its chief executive on Thursday for losing gr

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24 Jul 2016 11:36

888 and Rank Group join forces to bid for William Hill

LONDON, July 24 (Reuters) - Online gambling group 888 Holdings and casino operator Rank Group said on Sunday they were joining forces to make a bid for William Hill , Britain's biggest bookmaker. A consortium of the two groups said it saw significant industrial logic in the combination, "th

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24 Jul 2016 11:22

Sunday newspaper round-up: Brexit, BT, Lloyds, energy companies

(ShareCast News) - Plans to allow the UK an exemption from EU rules on freedom of movement for up to seven years while retaining access to the single market are being considered in European capitals as part of a potential deal on Brexit. Senior British and EU sources have confirmed that despite stro

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24 Jul 2016 11:10

Casino group Rank in merger talks with 888-Sunday Times

LONDON, July 24 (Reuters) - Casino operator Rank Holdings is in talks with online rival 888 Holdings about creating a 2 billion pounds ($2.6 billion) gambling group, the Sunday Times reported. Discussions between the companies were "relatively advanced" and an announcement could be made o

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27 May 2016 15:30

FTSE 250 movers: Phoenix Group firms on AXA Wealth deal

(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth

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27 May 2016 11:51

Goals Soccer Centres appoints new chief executive

(ShareCast News) - Goals Soccer Centres has appointed Mark Jones as its chief executive. He joins the operator of outdoor small-sided soccer centres' board on 1 July. Jones is experienced in managing leisure brands and growing businesses. He joins Goals from Rank Group, where he was managing direct

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27 May 2016 11:30

UPDATE: Goals Soccer Centres Appoints Rank Group's Mark Jones CEO

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27 May 2016 06:44

Goals Soccer Centres Appoints Rank Group's Mark Jones As CEO

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12 May 2016 12:18

Winter of growth for The Rank Group

(ShareCast News) - The Rank Group revealed a winter of growth on Thursday, with like-for-like revenue up 3% in the 19 weeks to 8 May, total revenue growth of 2% and digital revenue growth of 6%. Of its brands, the FTSE 250 firm said Grosvenor Casinos saw 4% growth in like-for-like revenue and 3% tot

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