UKbetting object of take-over rumours

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Trading in the online betting and sports content group was supported by rumours of a 75p-a-share bid approach from a rival. Both BetandWin and Blue Square are suspected to be the sources of the action.

In separate news, shares in German online betting and lottery firm Tipp24 have been priced at the top of the bookbuilding range, 20.50 euro, valuing the issue, which was more than 15 times oversubscribed, at over 96.1 million euro.

The company said it would use the IPO funds for acquisitions and expansion in Italy and Spain.