FLTR ETF

FLTR is a simple investment-grade, floating rate note index ETF. It sports a good 6.1% yield and has outperformed these past few years. Fed cuts are an important headwind for the fund, but dividend yields should remain above-average for a year or two, risk-adjusted yields thereafter.

Flutter Entertainment PLC (LSE:FLTR) has raised its full-year forecast for the second consecutive quarter, attributing this to stronger-than-anticipated revenue growth from outside the US for the upgrade. The Paddy Power and Betfair owner saw a 24% increase in core profits from its long-established brands in the UK, Europe, and Australia, reaching $392 million for the quarter.

Flutter Entertainment PLC (LSE:FLTR) is expected to post in-line results for the third quarter of 2024, according to Citi, with projected group revenue growth of 22%, slightly ahead of its 20% growth in the previous quarter. In the US, Citi forecasts an accelerated revenue growth of 45% year-over-year, attributed to favourable comparisons with weaker prior results.

Flutter Entertainment PLC (LSE:FLTR) gained over 9% on Wednesday after unveiling plans at its investor day to buy back US$5 billion (£3.7 billion) worth of shares. This came as the Betfair owner said its total addressable US market was set to grow to US$63 billion by 2030, one and a half times larger than initially forecast.

Next week's Flutter Entertainment PLC (LSE:FLTR) investor day comes as the Paddy Power and FanDuel-owner faces a big decision on its capital-allocation policy. Specifically, should the betting powerhouse use its rapidly accelerating US-generated profits to give shareholders a short-term serotonin boost in the form of buybacks, or should it play the long game and pursue more company acquisitions?

FanDuel and Paddy Power-owner Flutter Entertainment PLC (LSE:FLTR) has tabled a €2.3 billion (£1.9 billion) offer for Playtech PLC (LSE:PTEC)'s Italian gaming operator Snaitech. The offer follows a confirmation that talks were underway between the two in August.

Paddy Power-owner Flutter Entertainment PLC (LSE:FLTR)'s $350 million acquisition of a controlling stake in Brazilian gaming company NSX Group ticks to boxes for brokerage Shore Capital Markets. “We see this as a sensible move, further expanding and accelerating its growth profile, consistent with its expansion profile and medium-term leverage ratios,” said Shore Cap analysts.

Paddy Power owner Flutter Entertainment PLC (LSE:FLTR) has acquired a 56% stake in NSX Group, a leading Brazilian betting operator known for its Betnacional brand. The acquisition was valued at approximately $350 million.

The impressive performance from Flutter Entertainment PLC's (LSE:FLTR) fast-growing FanDuel business in the US has led Deutsche Bank to up its share price target for the bookmaker.    First-half results provided a "strong finale" to the sector's recent results season, said analyst Simon Davies, hiking his target to £187.17 from £175.89, versus the last closing price just over £160, and reiterating a 'buy' rating.