'William Hill is here to stay' insists interim CEO as profits slump

Bowcock: a 'challenging' period

William Hill have confirmed they have received 'a highly preliminary approach'Credit: David Dew

William Hill's interim CEO Philip Bowcock on Friday issued a defiant message regarding his firm's prospects despite half-year results showing a 16 per cent slump in profits.

The bookmaker's operating profit for the period to June 28 came in at £131.1 million, down from the £155.7 million of the same period in 2015.

In what Bowcock admitted had been a "challenging" period for the company, William Hill also parted company with former chief executive James Henderson in a bid to turn around their ailing online fortunes after profit warnings were issued.

Read the full story

Read award-winning journalism from the best writers in racing, with exclusive news, interviews, columns, investigations, stable tours and subscriber-only emails.

Subscribe to unlock

Racing Post digital newspaper (worth over £100 per month)
Award-winning journalism from the best writers in racing
Expert tips from the likes of Tom Segal and Paul Kealy
Replays and results analysis from all UK and Irish racecourses
Form study tools including the Pro Card and Horse Tracker
Extensive archive of statistics covering horses, trainers, jockeys, owners, pedigree and sales data

Already a subscriber?Log in

Mark ScullyRacing Post Reporter

Published on 5 August 2016inNews

Last updated 18:17, 5 August 2016

Copy