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Ladbrokes evens for recovery

Progress at a future date was very much the theme of Ladbrokes' full-year results, with chairman Peter Erskine promising investors: "The new Ladbrokes can hold its head up high at the end of 2012." The results for 2011 reflected Ladbrokes' brands strength which, despite some adverse sports results, were solid enough with operating profit flat at £193m. Nevertheless, it was obvious that a lot of incremental improvement will have to take place this year now that the board has ruled out big-money acquisitions as a way of boosting its under-powered digital offering.

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visible-status-Subscription-Only story-url-Ladbrokes Prelims 2011 16 feb 2012.xml

By Julian Hofmann,
16 February 2012

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