William Hill up as it beats forecasts

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William Hill up as it beats forecasts
Master Investor Magazine

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The share price of FTSE 250 bookmaker William Hill (LON:WMH) rose 1.87% to 187.80p (as of 13:05 GMT) after it updated adjusted operating profit guidance for the year ended 31st December. The company said that results were ahead of prior expectations due to strong trading in the retail division following remodelling and positive sporting results through the year.

CEO Ulrik Bengtsson commented: “The Group has delivered a strong operating performance, ahead of our expectations and against a challenging regulatory backdrop. We made good progress on a number of fronts, including our Retail business, Online and in the US, enabling us to deliver on our long term strategic ambitions. We look forward to building on these efforts in 2020 with a strong focus on customer, team and execution“.

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