Yu done it

Just one week into life as chief exec of a public company, and Betfair boss David Yu has dropped his first monumental clanger. In an interview with the Sunday Telegraph over the weekend, Yu claimed that Betfair is a "bookmaker" - a startling admission as up until now the betting exchange had angrily denied this charge.
Instead, the company always claimed to be a technology platform, which high street bookies say allows Betfair to pay "around three times less in tax and levy than traditional UK bookmakers".
Their lobbyists have all noticed this cock-up and are anxiously exploring ways to convert this open goal into a taxation victory. In fact, William Hill has just put out a press release on the Yu interview. It's title? "Betfair's Identity Crisis - just who are Yu, David?"
Very droll.

Bottom of the Hill?

What price on another profit warning from bookie William Hill?
I ask as the Nicholls/Walsh combination cleans up in the big races, while racing is being cancelled due to the weather - none of which will go down well with the turf accountants.
Football results have picked up for bookies of late, but they don't usually need much of an excuse to start moaning. Even money.