Football provides shot in the arm for Ladbrokes

Favourable results make up for 'worst' Cheltenham on record

4th August, 2016
Ladbrokes says Irish business more competitive Picture: Feargal Ward

British bookmaker Ladbrokes' profits and revenue in the first half of this year were ahead of expectations, helped by favourable sports results.

Revenue was up just over 13 per cent compared with a year earlier to £661.8m, with operating profit jumping 34.4 per cent to £52.3m. Earnings per share rose by 41.7 per cent to 3.4p and pre-tax profits climbed by 61 per cent to £39.8m.

It said it hoped a competitive process could be successfully...

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