but entain only contacted them once during an online chat.ppropriate checks on the sources of the funds. the regulator described the failures as completely unnacceptable, saying entain could lose its licence to operate if further serious breaches are found. entain says it's already made changes around safer gambling. the government is planning to tighten the rules. but the long—awaited proposals got delayed again last month. campaigners say reform can't come soon enough. emma, many thanks for that. england's cricketers have struggled on the first day against south africa at lord's. the visitors won the toss and put england into bat, taking five wickets before lunch. rain side further embarrassment and play was abandoned for the day with england on 160—6. the british tennis player emma raducanu says she's "grateful" for the opportunity to have played serena williams before she retires. williams has suggested she'll end her career, after the upcoming us open. raducanu convincingly beat the 23—time grand slam champion in the cincinnati open in w

in a nutshell, entain simply didn't do enough to protect customers from gambling to match.s gambling during the night, who deposited more than £230,000 over 18 months, but entain had only contacted that customer once in our online chat. it also failed to do appropriate checks on where some customers upon no money was coming from. so, one person living in social housing, for instance, was able to deposit £186,000 in just six months. tim dieck this is the second time that entain has fallen foul of the rules, and the regulator says it could lose its licence, a very real chance of that, if there were further serious breaches. entain has agreed this settlement with the regulator, it says it has made changes around safer gambling, but there is also a long—awaited government plan to tighten up the rules, but this has been repeatedly delayed, it was delayed again after borisjohnson got ousted. campaigners say the changes just can't come too soon. campaigners say the changes 'ust can't come too momi campaigners say the changes 'ust can't come too soon. emma simpson, thank you- _ an

the british betting company entain, which owns ladbrokes, coral, and foxy bingo, is ordered to pay moren 20 million dollars for safety and anti—money—laundering failures. hello and welcome if you're watching in the uk or around the world. prices in the uk increased by 10.1% in the year tojuly. that's the first time inflation has reached double digits since 1982. much of the rise is due to the fact that basic staples such as food like bread, milk, eggs and cheese and non—alcoholic drinks are all getting more expensive. but the cost of living is rising across the board, being driven in part by energy prices, the ukraine war and the cost of raw materials. wage increases are falling behind, with the average wage buying 3% fewer goods and services than last year. the bank of england have predicted that inflation will continue to rise and won't go down to its target of 2% for about two years. the cabinet minister kit malthouse said he understood that households are being affected by uncertainty as well as the price squeeze. the whole of the developing world is struggling with inflation, cause

the betting company entain, which owns ladbrokes, coral, and foxy bingo, is ordered to pay 17 millionting serena williams in straight sets in the opening round of the cinicinnatti 0pen. the 19 —year—old was in control throughout. williams, who�*s set to retire after the upcoming us open, causing herfew problems — with raducanu taking the first set 6—4. serena, who�*s 40 now, has barely played competitive tennis in the last year, and lost the second set 6—0. the match done in little over an hour. serena didn�*t hang around for an on court interview afterwards — but for raducanu it was a night to remember. the atmosphere tonight was amazing, and to play with serena, i mean, forsure, iwas... even when you guys were cheering for her, i was like, "you know what? all for it!" like... laughter. er... yeah, to be honest, i was nervous from the first point to the last point because i know what a champion she is — she can come back from any situation. so i really had to stay focused and, yeah, i�*m just so pleased that i managed to keep my composure. it wasn�*t quite the fairy tale return to co

the net profit for entain was a huge amount when you have a business model which derives the majorityed for the new prime minister but we are hoping they will be a standardised approach to assess affordability and the industry is not given the wriggle room to self regulate. not given the wriggle room to self reuulate. ~ : not given the wriggle room to self reuulate. . ., ., ., , ., regulate. what other reforms would ou like to regulate. what other reforms would you like to see? _ regulate. what other reforms would you like to see? they _ regulate. what other reforms would you like to see? they should - regulate. what other reforms would you like to see? they should be i regulate. what other reforms would you like to see? they should be a i you like to see? they should be a limit to the _ you like to see? they should be a limit to the maximum _ you like to see? they should be a limit to the maximum stake i you like to see? they should be a limit to the maximum stake on i you like to see? they should be a i limit to the maximum stake on online slots of £2 per spin, and they should be an

entain also reporting this year. there is speculation about legislation going on in the u.k.ll. manus: they will be reading exactly what's going on in westminster. charles capel, thank you very much. sticking with that, berkshire hathaway's earnings. they reported over the weekend and they gorged on stocks. we will tell you what warren was up to in the quarter, right here on bloomberg. ♪ >> you look at the different sectors, most of the economy has recovered. it shows good gains. we have seen that. we can do more manufacturing in the u.s. which in the long term will help us with some of the inflationary pressures such as semiconductors and more microchips. >> what a turnaround it has been since the pandemic. can you take a moment about how much we recovered the last couple of years and can you talk about how sustainable these may be? >> pandemic march of 2020, i was the mayor of boston and we were shutting businesses down, restaurants down. we didn't know what the economy held. thinking about where we are today is incredible. i think this will be sustainable moving forward. c

the betting company entain, which owns ladbrokes, coral and foxy bingo, is ordered to pay £17 millionl association for children of addiction say they have seen an increase in the number of young people calling for support since the covid pandemic. a woman from sheffield has told look north she received no help as a child — even when her mum was hospitalised. 0ur social affairs correspondent emma glasbey has this report. dear mum, i don't know how you will react to receiving this letter but maybe now it's time to stop you are still my mum and we went through a lot. , ., , ., lot. lily wrote this letter to her mum two _ lot. lily wrote this letter to her mum two years _ lot. lily wrote this letter to her mum two years before - lot. lily wrote this letter to her mum two years before she - lot. lily wrote this letter to her. mum two years before she died. lot. lily wrote this letter to her i mum two years before she died. i lot. lily wrote this letter to her - mum two years before she died. i do not wish to — mum two years before she died. i rr not wish to cause problems except to see whe

entain with fairly good numbers today, but this is a stocker want to focus on to finish up.2% to the downside on sanofi. this company has seen significant value destruction over the last couple of days. you are starting to see crystallized within stocks like sanofi and gsk is the legal risk around vantec, which is a gastro product that was pulled in 2019. there were risks relating to cancer around this product which could become legal problems please companies. the market is beginning to get its arms around what this would look like and started to mark these stocks down. it is hard to tell what those risks are, the market does seem to be saying we cannot quantify it, we are struggling to quantify. it is easier to sell rather than hold. alix: you have gsk down 9%. let's get a handle on this now with deirdre hipwell. could the legal cost be for these guys? who is really going to take the bulk of this? deirdre: this is the whole issue. that is what led the selloff today. it is strange, because there is no real -- i mean, we have known about this litigation since 2019. what has

you're really entain them with that one, i tell you. >> oh, yes. stuart: by the way, ashley, did you see, did you see manu beat liverpool 2-1. were you watching? >> i did. i was. manu finally woke up. stuart: i have got to go to get peacock. i have to shell out some money. >> you do. you do. >> hey, neil. it is yours. neil: what are you guys talking about, soccer? stuart: very important stuff, neil. neil: understood. we are on another down day on corner of wall and broad. we'll get into details. one of the latest catalysts, signs of a continuing slow down in the housing arena, new home sales declining 12.6%. much more than expected. continue as theme we've been seeing slower than expected news on the real estate front. homebuilders are up on all of this. of course they have been beaten down pretty mildly, maybe the markets are telling us there is light at the end of the tunnel? kenny polcari joins us slatestone chief market strategist. continued selloff not not withstanding. i find what the homebuilders are saying. what do you make of it? >> that i

you're really entain them with that one, i tell you. >> oh, yes.e up. stuart: i have got to go to get peacock. i have to shell out some money. >> you do. you do. >> hey, neil. it is yours. neil: what are you guys talking about, soccer? stuart: very important stuff, neil. neil: understood. we are on another down day on corner of wall and broad. we'll get into details. one of the latest catalysts, signs of a continuing slow down in the housing arena, new home sales declining 12.6%. much more than expected. continue as theme we've been seeing slower than expected news on the real estate front. homebuilders are up on all of this. of course they have been beaten down pretty mildly, maybe the markets are tellin