Jan 9, 2017

William Hill finds guidance a game of two halves

Take, for example, Philip Bowcock, interim chief executive of bookmaker William Hill since last year's abrupt departure of James Henderson - in footballing terms, the Gareth Southgate to Mr Henderson's Big Sam Allardyce. Keen to enthuse William Hill's long-suffering fans after some high-profile defeats - last year, the group failed to get a result in merger talks with 888 and Amaya - Mr Bowcock gave a rousing team talk. To be fair to William Hill, these results hit all bookmakers - Skybet said December was "The worst month in living memory". Last year, Mr Smalls - founder member of spoof 1980s stadium rockers Spinal Tap - claimed the band had received only $81 in merchandising income in 22 years. On Monday, administrators sold Team Rock back to Future for £800,000, shorn of £11m of liabilities.

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