FTSE LIVE: Paddy Power Betfair eyeing a move into the US


This Is Money

Anglo-Irish betting company Paddy Power Betfair is trying to strike a deal to merge with American fantasy sports games site Fanduel. A tie-up would act as a springboard for the company to make a splash in the US market amid a relaxing of laws against sports betting there. Elsewhere FTSE 100 fashion brand Burberry appears to be seeing benefits from its new strategy as it after announcing a rise in profits.

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