Thursday preview: Ladbrokes, Kingfisher

Bookmaker Ladbrokes is set to announce full year results on Thursday and Credit Suisse is betting the firm will report a robust underlying fourth quarter performance.

Bookmaker Ladbrokes is set to announce full year results on Thursday and Credit Suisse is betting the firm will report a robust underlying fourth quarter performance.

"Machine gross win growth of 20% could more than offset sporting results related margin weakness in Oct and Nov," the Swiss bank said, though even with the growth in revenue from betting machines Credit Suisse thinks 2011 retail profits are likely to be no better than 2010.

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