logo
  

Rank Says 6-week Trading In Line With Its View

British casino operator Rank Group Plc (RNK.L) Thursday, in its business update, revealed that its trading in the first six weeks, following the reopening of the venues, has been in line with its expectations, and that the venues are trading above cash breakeven.

The Group said it also expects trading to continue to improve, as social distancing and international travel restrictions are eased, and upon lifting of the curfew in Scotland.

The Group noted that its performance in its digital businesses in the fourth quarter is expected to be at a level between that achieved in Q2 and Q3 of this financial year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walmart is bringing back its month-long savings event "Black Friday Deals for Days" in November, with special early access for Walmart+ members. The retail behemoth, which reinvented the Black Friday shopping events last year, will spread out its Black Friday savings to three events throughout November. Each savings event will begin online at Walmart.com and continue with the same deals in stores. Shares of Philips Electronics NV were losing around 2 percent in the morning trading in Amsterdam after the Dutch consumer electronics giant on Monday trimmed its outlook for fiscal 2021 after reporting weak EBITA and sales in its third quarter. The results were hurt by supply chain challenges as well as Sleep & Respiratory Care recall. However, quarterly net profit was significantly higher. The Goldman Sachs Group, Inc. (GS) reported that its third quarter net earnings applicable to common shareholders increased 63 percent year-on-year. Net revenues were also significantly higher reflecting significantly higher net revenues in Investment Banking, Global Markets and Consumer & Wealth Management,...
Follow RTT