Sportingbet operating profit up on growth
LONDON (Reuters) - Online betting firm Sportingbet (SBT.L) said on Wednesday third-quarter operating profit rose 143 percent reflecting strong growth in gaming revenue and an improved profit margin.
Operating profit for the quarter to April 30 was 7.3 million pounds, compared with 3 million the year before.
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Credit headwind
News headlines speak of recovery, but financing is still a big problem in Germany. The dearth of credit to tide firms over is frustrating policymakers, who are blaming reluctant banks and there is little agreement on how best to increase lending flows. Full Article

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