Punters Gamble On Rank As Demerger Talk Swells ; Market Report

Daily Mail › November 17, 2004

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Summary

IT was eyes down for a full house at Rank as buyers chased shares of the Mecca Bingo-to- Grosvenor gaming and Hard Rock Cafe group 81/ 2p higher to 2901/2p.

After joint shop broker Deutsche Bank recommended the stock to clients following recent underperformance, rumours of an early Pounds 600m-plus demerger of its Deluxe film and media business then got professional punters interested.

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Extract

Punters Gamble On Rank As Demerger Talk Swells ; Market Report

Deluxe is an important part of Rank's operations and contributed some 40pc of its revenues in 2003. But when it lost a significant DVD distribution contract in May, believed to be from US ...

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