Not much of a Glorious Twelfth for Richard Glynn at Ladbrokes. The chief executive was shooting for interims that proved his turnaround plans were paying off but today’s results – which show first half pre-tax profits have halved – could put him in the firing line instead. Via City Briefing at The Telegraph
The bookmaker has reported pre-tax profits of £27.7m, down from £55.1m last year, despite insisting that it had a “good World Cup.” The bookmaker had warned that its interim results would miss their targets after a digital overhaul at the business which took longer than expected to implement.
Ladbrokes reports a sharp fall in profits, despite a “good World Cup performance” http://t.co/LOw8g1o1br pic.twitter.com/HbR5JZwmqc
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