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Daily Business Live

Diageo resumes ROC; Menzies placing; Fanduel CEO quits

Diageo CEO Ivan Menezes
REFRESH PAGE FOR UPDATES 4.45pm: FTSE 100 rebounds The FTSE 100 staged a recovery after its collapse yesterday, regaining the 7,000 threshold to close 56.64 points higher (0.82%) at 7,004.63.Read More

Legal action

Murdoch sues Flutter in bid to raise FanDuel stake

FanDuel: originally from Edinburgh FanDuel, the fantasy sports business which originated in Edinburgh, is at the centre of a legal battle between its owner Flutter Entertainment and the Murdoch empire.Read More

Game on

FanDuel founders on alert as Flutter looks at listing

Nigel-and-Lesley-Eccles
Legal action: Nigel and Lesley Eccles (pic: Terry Murden) Betting group Flutter Entertainment, the owner of Paddy Power, Betfair and PokerStars, is looking to list a small shareholding in itsRead More

City round-up

Paddy Power wants name change; Aggreko steady

Paddy Power Fan Duel
PaddyPower acquired FanDuel to help expand in the US (pic: PaddyPower) Betting group PaddyPower Betfair reported an 11% fall in pre-tax profits to £219m and said it wants to changeRead More

Games creators go to court

FanDuel founders sue for $120m after losing out in sale

Nigel and Lesley Eccles
The co-founders of fantasy games company FanDuel are seeking $120m in compensation after they were denied any return when it was sold.

Flick ready for market

FanDuel founders raise $4m for new esports venture

Nigel Eccles and Rob Jones
Two of the founders of daily fantasy sports business FanDuel have raised $4 million for their new venture and are preparing to launch the product.

US betting deal

Paddy Power Betfair confirms acquisition of FanDuel

Paddy Power Betfair has confirmed that it will merge its US business with fantasy sports company FanDuel

Deal may be less than $1bn

Paddy Power Betfair in talks to acquire games firm FanDuel

Nigel and Lesley Eccles
Sports fantasy company FanDuel is close to being acquired by Paddy Power Betfair, according to US sources.

New tech firm

FanDuel founder sets up in San Francisco

Tom Griffiths
FanDuel cofounder Tom Griffiths has launched an online management training business on the west coast of America.

Legal battles 'pretty hellish'

Eccles: ‘It was time for me to quit FanDuel’

Nigel and Lesley Eccles
FanDuel co-founders Nigel and Lesley Eccles are preparing to launch their latest separate business ventures following their bruising experience at the fantasy games company.