William Hill £93m store closure bill hits profits

William Hill has reported a £93m writedown in its half-year results relating to its store closure programme, which has led to a group pretax loss of £63.5m During the first half of 2019, 44 shops closed and at the end of the period the number of shops stood at 2,275. The company announced last month that it planned to close 700 betting shops in the UK after the introduction of new regulations in April reducing the maximum stake on fixed-odds gaming machines to £2. Subject to the outcome of a consultation on the company’s plans, the majority of shop