Ladbrokes Coral update goes down well in City

Ladbrokes Coral shares rose last week as the bookmaker issued a trading update which went down well in the City.

A weak performance from the company's retail sector was one of the features of the update, but it was offset by a better performance from digital betting while synergies from the merger of the two brands have increased to £150 million from £100m.

Chief executive Jim Mullen said: "I'm comfortable and happy with a strong overall performance.