An improved performance from the company’s growing digital channel has helped UK bookmaker Ladbrokes post a 4 per cent increase in revenue to £1,158.9m for the full 2014 year, although it warned that results from the digital division were unlikely to improve this year as a result of the UK Point of Consumption tax.

Digital revenue rose 23 per cent to £215.1m, while the bookmaker’s core UK retail offering saw revenue climb marginally by 0.7 per cent to £811.5m during the year.

Ladbrokes CEO Richard Glynn said: “Ladbrokes entered 2014 clear on what needed to be done to deliver a successful World Cup and to move from operational delivery in H1 to financial growth in H2."

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