Paddy Power owner Flutter's shares slide on delay to US stock market float

Follows departure of US chief executive

Shares in Paddy Power owner Flutter Entertainment slid by as much as 4% on the back of the betting group saying a decision on its potential American stock market flotation plans will be delayed by the resignation of its US CEO. File picture.

Shares in Paddy Power owner Flutter Entertainment slid by as much as 4% on the back of the betting group saying a decision on its potential American stock market flotation plans will be delayed by the resignation of its US CEO.

Matt King is leaving FanDuel, the US sports betting business 95% owned by Flutter, after four years as its chief executive.