The online betting business of bookmaker William Hill has shown an impressive turn of foot for the second year in succession, compensating for lacklustre top-line growth in the bookie's High Street estate.
The firm's net revenue rose 6% to £1,136.7m from £1,071.8m the year before, with the retail estate seeing its net revenue edging up just 1% to £789.7m from £783.1m the year before. Online net revenue, meanwhile, surged 28% to £321.3m from £251.5m the year before, its second successive year of growth in excess of 20%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Global equities that should weather the stockmarket's stormsOpinion Alex Illingworth of Goshawk Asset Management highlights three diverse opportunities in global equities despite a turbulent landscape
-
8 of the best houses for sale with dining terracesThe best houses for sale with dining terraces – from an Arts & Crafts property in Great Missenden, Buckinghamshire, to a duplex apartment in a garden square in Kensington with a decked roof terrace
