Round Up - Ladbrokes, Heathrow, SAB

Bookmaker Ladbrokes will take a £3million hit if Leicester City win the Premier League as punters ‘cash-out’ on odds as high as 5,000 to 1 at the start of the season. First quarter revenues rose 10.6% despite it suffering the “worst Cheltenham racing festival in living memory” as favourites raced home and rival bookies slashed prices.
Heathrow Airport has recorded a 2.6% increase in passenger numbers to 16.8million in the first three months of the year. Revenues flew 3.2% higher to £642million with earnings up 7.3% to £367million. Chief executive John Holland-Kaye used the figures to press its case to build the UK’s next runway. “An expanded Heathrow will be an economic powerhouse, a global symbol of a confident, outward looking Britain. Let’s make it happen,” he said.

Brewer SAB Miller has toasted annual global volume growth of 2% despite the “potential distraction” of the acquisition offer from rival AB InBev. It said premium lager volumes had risen 6% helped by Brits enjoying Peroni and strong demand in Colombia and South Africa.