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Rank Group buoyed by strong online performance

20th April 2020 9:30 am GMT
Rank Group

Shares in London-listed gaming operator Rank Group were trading higher Monday after the company reported better than expected monthly cash outflow and an increase in online gaming.

Rank benefited from government schemes introduced in the United Kingdom, Spain and Belgium to protect employees during the COVID-19 shutdown, helping to reduce monthly cash outflow from the estimated £17m announced in mid-March to approximately £10m from May 2020.

In the UK, the company has furloughed 7,000 of its 7,600-strong [...]

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