Showing posts with label rights issue. Show all posts
Showing posts with label rights issue. Show all posts

Wednesday, 13 January 2010

Ladbrokes staff given warning Bell

The shock departure of Chris Bell from Ladbrokes was hastened by disgruntled investors surprised by the bookie's heavily-discounted £275m rights issue. But did Bell himself see all this coming?
At the group's Christmas party, the well refreshed chief exec told staff that it had been a "crap" year, there would be no bonuses and there would be "some sackings". The man's a prophet!