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Numis securities
’Betfair goes west
We have asked the question before and we will ask it again; what price Betfair, when it lists on the London stock exchange later this month?
Well, if these slides from Numis Securities’ pre-float marketing presentation is anything to go by £1.5bn looks to be the ball park figure.
YELLow Directors
Buried in Wednesday’s annual results statement from debt laden directories group Yell was this rather worrying note:
The financial information contained herein has been prepared on a going concern basis.