UK-listed gaming operator Ladbrokes said Thursday that it expects full-year profits to hit the mid-range of analyst forecasts, but has admitted that a number of strategic targets need to be met to kick-start online growth in the second half of the year.

In a post-close trading update the operator said that it expects operating profit to come in around the middle of the current range of analyst forecasts, between £129.8m and £151m. This is consistent with the guidance given to the market in November last year, which followed speculation that profits would be hit by adverse sporting results.

Premium subscribers continue here to the full article.