Paddy Power owner Flutter's shares slide as it cuts full-year profit target 

Flutter Entertainment said revenues from its Paddy Power retail shops in Ireland fell 27% in the third quarter, but should recover strongly. 

Shares in Paddy Power owner Flutter Entertainment slid nearly 8% on the back of the betting group saying it now expects to post lower profits this year than initially anticipated.

Flutter managed to generate revenues of £1.44bn (€1.7bn) in the third quarter of the year, up 12% year-on-year, despite challenging trading conditions.