Ladbrokes bet on busy summer

Bookmaker Ladbrokes looked forward to a summer of sport today after posting a 5% hike in profits in the first four months of the year.

In its first trading update since selling hotels group Hilton International for £3.3bn (€4.8bn), Ladbrokes said it benefited from favourable horse racing results at the Gold Cup meeting in Cheltenham and Grand National meeting at Aintree, Liverpool.