Shares in Ladbrokes parent tumble 13% as online revenue softens 

The slump left the stock about 60% below a record high reached in 2021

Ladbrokes owner Entain reported a 'softening' in online revenue and cited adverse sports results, safer gambling measures, and slower growth in Australia and Italy.

Shares in Ladbrokes owner Entain ended 13% lower following a warning of a sales slowdown and fading takeover speculation for the company.

London-based Entain said it had seen a “softening” in online revenue since the summer and cited adverse sports results, safer gambling measures, and slower growth in Australia and Italy.