Flutter Pauses Buybacks and Cuts Profit Forecast
Flutter has paused its share buyback programme and cut its profit forecast. New CEO Dan Taylor announced plans to prioritise deleveraging and target $500 million in cost savings by 2029.
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Flutter Entertainment plc paused its share buyback programme to focus on deleveraging, targeting $500M in cost savings by 2029. The strategy shift follows five consecutive cuts to the betting giant's core profit forecast. The pivot aims to protect margins as growth cools in the United States market.
