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    Rank Group hit by European fraud

    Ian ConwayBy Updated:No Comments1 Min Read
    Image: Rank Group plc

    RANK GROUP (RNK) – Leisure

    Price: 96.2p – 8.7%P/E: 11.4
    Market Cap: £457mYield: 3.1%

    Unfortunate news for investors in Rank Group, who Spanish businesses Enracha and Yo have been the victim of payment fraud to the tune of €7.1 million.

    The firm has brought in an external law firm to investigate and is cooperating with the authorities. Meanwhile the loss will go down as an exceptional item in the FY26 results.

    Read the press release here: https://www.rank.com/investors/

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    Ian Conway has worked in financial markets for over 30 years as a bond and equity trader, Extel-rated analyst and strategist, and partner of a stockbroking firm. He also founded a financial research company servicing institutional clients prior to writing for and editing Shares magazine. Ian is primarily an income investor although he also buys selected growth stocks. Find him at LinkedIn: Click Here

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