William Hill to shut shops

Shares in William Hill (WMH) have fallen 12 per cent since the full-year results in late February. The decline seems to reflect investors' fears over punitive tax changes later this year and the politicising of the sector as a whole, rather than William Hill's underlying performance. In first-quarter results, the high street bookie revealed its online sportsbook had grown revenue by 39 per cent, with sales via its mobile platform up 78 per cent.