🟢 The Rank Group is trading 5% up today as proposed UK gambling-tax rise may be smaller

The Rank Group is trading at £80.40, up 5.10%, as reports suggest the planned UK Machine Games Duty increase may be smaller than feared.

• Reports said Rank and Entain each rose around 5% in morning trading on October 21, after coverage pointed to a 25% rate rather than the 40% increase investors had feared.
• The proposal remains unconfirmed ahead of the October 28 Budget; the move appears sector-wide, not driven by a new Rank-specific announcement.