Cost savings hike at Ladbrokes Coral prompts analyst upgrades in spite of £200m pre-tax loss

Posted on March 28, 2017 by admin
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Ramped up cost savings at bookmaker Ladbrokes Coral prompted analyst upgrades even though the price of the merger pushed the combined business to a more than £200m pre-tax loss.

Chief executive Jim Mullen said cost savings would now hit £100m a year by 2019 – up from the £65m that the company had previously forecast – because the increased scale of the business would allow it to strike better deals with the likes of technology providers.

Read the full story in The Telegraph