Flutter Pauses Share Buybacks to Focus on Costs and Debt
Flutter’s new CEO said the company will pause its share buyback programme to prioritize organic investment, deleveraging and cost savings. The move follows a fifth consecutive quarterly profit-forecast reduction.
By Padraic HalpinOnline gaming giant Flutter NYSE:FLUT will pause its share buyback programme to prioritise organic investment, deleveraging and cost-savings, its new CEO said on Wednesday, after the company reduced its profit forecast for a fifth successive quarter.Flutter, the world's largest onl…