Three things we learned from Flutter Entertainment's latest trading update

The cost of living crisis has not hit home – yet

Barely a day goes by without a new story detailing the impact of rising prices but the management of Flutter, parent company of Paddy Power, Betfair and Sky Bet, said it had not seen it affect its customers yet after issuing a trading update for the first quarter of 2022 last week.

"It's very difficult to judge at the moment," chief executive Peter Jackson told journalists. "When we look at our first-quarter results there's nothing that we can see that would specifically call out that the cost of living has impacted things."