Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It is nearly Christmas, thank goodness. But despite it being the day before Christmas Eve there are still a few things going on, even beyond firmer markets thanks to the German health minister this morning observing that a ‘lockdown isn’t ruled out, but it’s not needed right now’. No wonder markets across Europe are up a bit today. One story that surprised me this morning was the news that Flutter Entertainment (FLTR) – the business most of us remember as Paddy Power – ‘is pleased to announce the acquisition of Sisal, Italy’s leading online gaming operator, from CVC Capital Partners Fund VI for a consideration of €1.913bn/£1.62bn’.
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