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Betfair returns £200m to shareholders as H1 profits double

4th December 2014 9:22 am GMT

Shares in Betfair Group hit a new 52-week high in London this morning after the company reported strong revenue and profit growth for the first half ended October 31st, and announced a £200m return of capital to shareholders.

Revenue rose 26 per cent to $237.6m during the six month period, driven by Betfair’s strong customer base growth and successful gaming cross-sell, as well as favourable sports results and the World Cup. Excluding the World Cup and [...]

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