Paddy Power owner Flutter to scrap listing on London Stock Exchange
by Lauren Almeida from World news | The Guardian on (#768NQ)
Gambling business, which also owns Betfair, to focus on New York in latest high-profile blow to UK stock market
The gambling group that owns Paddy Power and Betfair is to scrap its listing on the London Stock Exchange, in yet another blow for the UK's shrinking stock market.
Flutter Entertainment, the world's largest online betting company, told investors that it will cancel its London shares on 3 August, blaming low levels of trading in the stock and high costs.
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