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Ladbrokes shares plunge on profit warning

26th September 2013 7:08 am GMT

UK bookmaker Ladbrokes said Thursday that it has yet to see “discernible improvements” to its digital operations during the third quarter of 2013, with the company now expecting full year operating profit from the division to be below current market expectations.

Ladbrokes CEO Richard Glynn said that the “disappointing “ digital earnings reflected “a lack of competitiveness in sportsbook, lower margins than planned and a greater disruptive impact than expected from the transition necessary to grow [...]

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