Ladbrokes Shares Spike on Playtech CEO Investment Rumor
Key Takeaways
  • Ladbrokes shares rose 6% on the day as one buyer bought almost 3% of the company.
  • The Daily Telegraph reports informed sources suggesting that the buyer was Playtech CEO Teddy Sagi.
  • The Ladbrokes digital operation recently disappointed investors with benefits from a deal with Playtech being slow to materialize.

A £37.1m purchase of Ladbrokes shares saw the price of the British company jump over 6% on the day’s trading. The identity of the buyer is not required to be disclosed under stock exchange rules because the purchase amounted to just under 3% of the company.