Tag: trade William Hill
Traders bet against William Hill
October 22, 2013
Telegraph – While the FTSE 100 finished the week on the front foot, punters betting that William Hill shares are in for a rough ride over the next 12 months ensured the bookmaker missed out on the broader market’s winnings. The gambling group slumped 13.3, or 3.2pc, to 403½p – the heaviest faller in the blue-chip index – after analysts at JPMorgan Cazenove cut the bookie to “underweight” from “overweight”, a double downgrade that skipped out the “neutral” rating altogether. William Hill, which warned on profits earlier this month, will come under pressure in the coming year partly because of…