Business
Rank Group response to budget
Rank Group response to budget.
About this update from Rank Group Plc
[{"type":"text","content":"\n RNS Number : 0892O Rank Group PLC 23 June 2010 \n\n \n \n \n \n \n23 June 2010 \n \nRank Group response to Budget statement \n \nThe Rank Group Plc ('Rank' or the 'Group') has noted the changes to taxation contained within yesterday's Budget statement from HM Government. \n \nThe Group anticipates that the increase in the standard rate of VAT and changes to the National Insurance regime will result in a net cost increase of approximately £2.5 million from 2011. This represents Rank's initial assessment and management will seek ways to minimise the impact on earnings.\n \nEnds\n \nContact\n \nThe Rank Group\nDan Waugh, director of investor relations +44 (0)1628 504 053\n \nFinancial Dynamics\nBen Foster/Marc Cohen +44(0)20 7831 3113\n \n \n \nAbout the Rank Group\nRank is a leading European gaming business, head-quartered in the UK and listed on the London Stock Exchange (RNK.L). The Group's principal activities are: the operation of bingo clubs and casinos in the UK with complementary on-line gaming and bookmaking services. For more information about The Rank Group, visit www.rank.com.\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END RSPSEDSMDFSSEIM \n ","length":3863,"tagName":"div"}]