Ladbrokes boss keeps rival stake

Incoming Ladbrokes chief executive will be allowed to keep his holding in spread-betting firm Sporting Index despite the potential conflict of interest. Glynn holds 438,226 preference shares and 59,125 ordinary shares in Sporting Index, valuing his stake at around £4m. Ladbrokes has already bought Glynn out of several other holdings. He will make £12m if he achieves his target of doubling the firm’s share price within five years.