Paddy Power owner Flutter to delist from London Stock Exchange

Flutter follows another Irish-headquartered firm, CRH, in exiting the UK capital for New York

The Irish gambling group that owns Paddy Power and Betfair is to scrap its listing on the London Stock Exchange, in another blow for the UK’s shrinking stock market. Picture: PA

The Irish gambling group that owns Paddy Power and Betfair is to scrap its listing on the London Stock Exchange, in another blow for the UK’s shrinking stock market.

Flutter Entertainment, the world’s largest online betting company, told investors that it would cancel its London shares on 3 August, blaming low levels of trading in the stock and high costs.