Rank Group received a share boost on Monday after it announced it had received £59.1m ($92.1m) in overpaid VAT.

Shares climbed nearly 4 per cent to 60¾p in the beleaguered casino, bingo and online betting and gaming operator. Rank said the repayment covered a period of more than five years, and said the net benefit would be partially offset by tax on gross profits and other costs.