Profits surge at Ladbrokes, but Digital needs a revamp

Shares in Ladbrokes, the online and High Street betting shop, rose on Thursday morning after the group saw profits jump by a half in the first half despite weakness in its Digital business.

Shares in Ladbrokes, the online and High Street betting shop, rose on Thursday morning after the group saw profits jump by a half in the first half despite weakness in its Digital business.

Group net revenue grew 8.4% from £487.8m to £529m in the six months to June 30th, up 14% including High Rollers. However, net revenue growth in July (excluding High Rollers) slowed to 6.3%.

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