Betfred performing well all-round

Betfred, the high street bookmaker that bought the state-owned Tote business in 2011, yesterday reported a 19 per cent rise in turnover to £8bn during the year to 31 March. “Our estate of 1,375 betting shops is performing well and we are making great strides in improving and enhancing our online and mobile offerings,” said chairman Fred Done. The company’s gross profit rose 22 per cent to £362m and its debt fell by £43m to £213m during the period.