If you'd invested in: GVC and Pets At Home

Betting firm GVC has been boosted by the US's removal on its sports gambling ban, while Pets at Home has seen profits dive.

If only...

912_Good

Shares in e-gaming operator GVC (LSE: GVC) rose in March as the firm completed the £3.2bn acquisition of Ladbrokes Coral, which brought it 3,500 UK betting shops and retail operations in Italy, Belgium, Ireland and Spain. The share price jumped again in May after the US Supreme Court struck down a 26-year-long nationwide ban on sports betting, claiming it was unconstitutional. GVC's shares then soared in July as GVC sealed a 50/50 joint venture worth $200m with MGM Resorts International to create a sports-betting and online-gaming platform in the US.

Be glad you didn't buy...

912_Bad

Shares in Britain's biggest pet store Pets At Home (LSE: PETS) dived in October after private-equity firm KKR sold stock worth £119m. In May, the share price slid further as Pets At Home posted a 12.3% drop in underlying pre-tax profit to £84.5m, despite a 7.8% rise in revenue to £898.9m. The results came as the firm embarked on the second year of a three-year recovery plan involving cutting costs and attempting to win back customers. Many investors doubt it will work, however: the company remains the UK's most-shorted firm, with just over 13% of the shares out on loan.

Recommended

Profit from the rise of shareholder activism in Japan’s small companies
Share tips

Profit from the rise of shareholder activism in Japan’s small companies

A professional investor tells us where he’d put his money. Daniel Lee, head ofJapan Research, AVI Japan Opportunity Trust, highlights three promising …
20 Mar 2023
Should you stick with Mid Wynd investment trust?
Investment trusts

Should you stick with Mid Wynd investment trust?

Max King looks at the prospects for Mid Wynd as the trust prepares to say goodbye to Simon Edelsten and Alex Illingworth, managers of the trust since …
9 Mar 2023
The ten investment trusts with the highest dividend yields
Investment trusts

The ten investment trusts with the highest dividend yields

Investment trusts are one of the best ways to participate in the stockmarket, and the way they are structured means they can maintain their dividends …
2 Mar 2023
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
27 Feb 2023

Most Popular

5 top UK tech stocks
Investments

5 top UK tech stocks

The UK market has never been considered a fertile hunting ground for tech stars. But there are plenty of promising companies beyond the old economy, s…
23 Mar 2023
Where will house prices go in 2023?
House prices

Where will house prices go in 2023?

We explore what could happen to house prices in 2023 as the market continues to slow down.
24 Mar 2023
Will energy prices go down in 2023?
Personal finance

Will energy prices go down in 2023?

Ofgem’s price cap is now predicted to fall below £2,000, based on average typical use, from July, for the first time since 2022. We have all the detai…
21 Mar 2023