Britain starts to thaw out and Betfair's share price starts to rise again. As I surmised last week, the icy weather appeared to be the trigger behind the plunge in price down to a low of 1150p on Friday. Seven days later, it's up over a pound to 1263p.
No different to bookmakers' share prices around Cheltenham, the Grand National and World Cup - good results = expectation of greater profits = share price rises. Loss of revenue via favourites all winning or lack of racing = decline.