Summary
LADBROKES showed yesterday that the bookmaker doesn't always win after it revealed plans to raise GBP286m from a rights issue after suffering from the economic slowdown and a string of punterfriendly football results.
Labrokes said it would offer one share for every two currently held by investors. This would cut its debt from GBP962m to GBP687m, which would help it refinance its borrowings later this year.See the full content of this document
Extract
Struggling Ladbrokes Banking On Gbp286m Windfall
The group has said that it is cutting costs to cope with its ...
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