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Ladbrokes forecasts Digital profit decline in 2013

15th April 2013 8:55 am GMT

UK bookmaker Ladbroke has reported a 26 per cent drop in group operating profit for the first quarter of 2013 following a softer than expected trading performance and the impact of a £9m increase in costs and machine taxation related to the company's UK retail business.The company said that it had always planned for a reduction in group operating profit during the quarter due to known taxation and cost headwinds in its UK retail business [...]

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