Auf Wiedersehen: Gambling firm 888 says it might leave Germany
Buy this: 888 Holdings
Analysts at Peel Hunt are backing the online gambling firm despite a regulatory crackdown in a key market.
The firm says it might leave Germany after a court ruled online gambling firms could not operate in the state of Baden-Wurttemberg.
Peel Hunt says this could knock 10 per cent off its revenue, but added: ‘The loss should be offset by strong growth in regulated markets.’
Sell this: Micro Focus
Investec advises selling Micro Focus after setbacks hit the technology giant.
The FTSE 100 firm’s shares have plunged more than 49 per cent in a week in which its chief executive quit and it warned of falling revenues.
Investec analysts are maintaining a ‘cautious stance’ despite claims by management that it has found ways to address its issues.