Paddy Power owner Flutter mulls ditching London listing after shift to US

Paddy Power and Betfair owner Flutter Entertainment has seen shares tumble after worse-than-expected full-year figures (Alamy/PA) - (Alamy/PA)

Paddy Power and Betfair owner Flutter has said it is considering fully delisting from the London stock market in a blow to the City after shifting its focus to the US.

The sports betting and gambling company said it was reviewing its shares on the London Stock Exchange and this may result in a decision to cancel the listing.