International sports betting and gambling group (LON:ENT), owner of Coral, Ladbrokes, bwin, Sportingbet
The London stock market is losing more firms to private equity, with Bodycote being taken private by Veritas and Gamma Communications and Capricorn also likely to go private. The wave follows EasyJet’s FTSE 100 promotion and highlights a broader exodus that has seen several UK-listed names depart this year. The trend reflects a shift in market dynamics, potential increased valuations, and investor pressure.
Entain has launched a consultation affecting up to a fifth of its 2,000 customer-care roles across 11 countries, citing higher UK taxes and cost pressures. CEO Stella David says the changes aim to keep the business competitive and financially resilient as the sector faces an challenging operating environment. Several reports warn that a doubling of machine gaming duty could add hundreds of millions in costs and trigger shop closures and job losses.