BUSINESS LIVE: William Hill closing 119 betting shops

by

BUSINESS LIVE: William Hill closing 119 betting shops; Metro Bank suffers hefty loss; Gold continues rising above the $2,000 mark

By Jane Denton For Thisismoney

Published: | Updated:

Gambling giant William Hill has announced it plans to keep 119 of its betting shops closed and posted a slump in half year profits today.

The company’s half-year profits fell 85 per cent to £11.8million, while revenues shrunk by 32 per cent to £554.4million on the previous year. It said the cost of the shop closures would be ‘minimal.’

Meanwhile, Metro Bank has reported a £240.6million loss for the six months to June, against a profit of £3.4million a year earlier.

Amid fears of a second wave of the pandemic and nervous markets, the price of gold continues to hover over the $2,000 mark today. 

 

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.