Ladbrokes says to start share buy back
I just wish I could play at a well known financially stable book like Ladbrokes is all.
Ladbrokes says to start share buy back
LONDON (Reuters) - Bookmaker Ladbrokes (LAD.L: Quote, Profile, Research) said it would start a share buy back programme on Thursday as it posted first half pre-tax profit of 156 million pounds with strong revenues from telephone betting and in-shop gambling machines.
Ladbrokes, which has over 2,500 betting shops, said pre-tax profit for the for six months to end June was down 2.6 million pounds from 158.6 million a year ago when the World Cup drew in gamblers.
Gross win increased by 19.3 percent to 624 million pounds.
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