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