Ladbrokes owner Entain set to axe a fifth of customer care jobs globally

Russ Mould, investment director at AJ Bell, provided an update on Entain with the Ladbrokes owner set to axe around 400 jobs worldwide.

He said: “Ladbrokes owner Entain dipped one per cent on reports it would cut 400 jobs as it contends with tax and regulatory pressures.

“Job cuts normally fire up a share price, but not in this case. Sentiment remains weak towards Entain as it loses momentum in a highly competitive sector.”