28th of June 2012 Author: Glo Wood
Company's Half-Year profits from internet business expected to fall
Shares in the UK second-largest bookmaker, Ladbrokes, plummeted 7% following the company's warning that half-year profits from internet business will be halved as compared to the last-year level due to delays in technology upgrades and poor bet margins, Citywire reported Thursday.
The warning caused setback in view of Ladbrokes' unsuccessful attempt to catch up with internet gambling competitors such as Paddy Power and William Hill.
Still, the company management is positive in its expectations of the overall market result as the retail business showed good results.
Ladbrokes' executives also underline that shares have risen 24% year to date.
Sports Society News General Sportsbook News
22nd of January 2014
11th of February 2012
17th of November 2018
16th of November 2018
2nd of October 2018
18th of September 2018
4th of October 2018
26th of October 2018
5th of October 2018
Join Now for full access
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help Site Map
LatestSportsBonuses.com © 2006-2018