UK online and high-street betting firm BetFred is considering an initial public offering as analysts predict promising growth despite last year's US gambling crackdown that sent stocks of many high-profile firms reeling.

BetFred has mandated Rothschild, the bank's second advisory role in the embattled sector, to look at options including a possible £600m (€883m) London initial public offering. The mandate comes as several buyout players are said to be eyeing BetFred.

BetFred to float in anticipation of gambling growth

Ivan Castano

HSBC

Ladbrokes

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The lender forecast total income excluding notable items to exceed $21.61 billion as loan growth and structural hedges continue to mitigate the impact of interest-rate cuts.

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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CME Group’s second-quarter earnings and revenue rose sharply as the derivatives-exchange operator benefited from a surge in trading activity due to market volatility.

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The Italian bank lifted earnings and shareholder-distributions guidance after reporting better-than-expected profit, looking to turn the page on its aborted takeover bid for its smaller peer.

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U.S. stock futures pointed to a flat open after a mixed session on Wall Street Monday, while international equity markets were also mixed so far Tuesday as earnings season sweeps into full gear.

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