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Candle Lake Boosts Stake in Flutter Entertainment Plc

Story Highlights
  • Flutter disclosed that Candle Lake Limited, controlled by Kenneth Dart, lifted its total exposure to 15.03% by December 29, 2025.
  • The stake increase, largely via cash-settled swaps, marks a sharp rise from 10.06% and highlights growing concentrated ownership in Flutter Entertainment.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Candle Lake Boosts Stake in Flutter Entertainment Plc

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Flutter Entertainment PLC ( (FLUT) ) has issued an update.

On January 5, 2026, Flutter Entertainment plc disclosed that Candle Lake Limited, ultimately controlled by investor Kenneth Bryan Dart, had increased its overall exposure to Flutter to 15.03% of voting rights as of December 29, 2025, combining 9.49% of voting rights attached to shares and 5.54% held through financial instruments, primarily cash-settled total return swaps. The notification, made public on January 2, 2026, indicates a significant jump from a previously reported 10.06% position and underscores growing concentrated ownership in Flutter, which may be closely watched by shareholders and regulators given the use of derivatives to build a sizable economic interest in the company without equivalent direct share ownership.

The most recent analyst rating on (FLUT) stock is a Buy with a $313.00 price target. To see the full list of analyst forecasts on Flutter Entertainment PLC stock, see the FLUT Stock Forecast page.

Spark’s Take on FLUT Stock

According to Spark, TipRanks’ AI Analyst, FLUT is a Neutral.

The overall stock score is primarily impacted by the financial performance and corporate events. Strong revenue growth and cash flow are overshadowed by profitability issues and negative valuation metrics. The impending UK tax hikes present a significant risk to future earnings, further weighing down the score.

To see Spark’s full report on FLUT stock, click here.

More about Flutter Entertainment PLC

Flutter Entertainment plc is a non-UK incorporated company listed in London, operating in the gambling and online betting sector and issuing ordinary shares under ISIN IE00BWT6H894. The company’s shares are subject to the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, requiring public reporting of significant movements in major shareholdings.

YTD Price Performance: 1.50%

Average Trading Volume: 2,570,964

Technical Sentiment Signal: Hold

Current Market Cap: $38.26B

See more data about FLUT stock on TipRanks’ Stock Analysis page.

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