William Hill expects to announce profits of about £232m, although the performance in the second half of 2004 has been adversely impacted by unfavourable horseracing and football results.
The growth of Fixed Odds Betting Terminals in the betting shops has helped to stabilise income. Roughly a third of the Group\’s gross win is now derived from FOBTs.
The trend of significantly poorer results started at the beginning of the current season, in respect of domestic and international football, continued to prevail in the closing weeks of 2004. However, the business development initiatives planned for 2005 stay on track.