Coral cash in
By staff
Coral have announced solid figures for the last nine months trading, pointing to the launch of as a driver for business.

The chain, Britain’s third biggest, has managed to repay £560 million of capital to investors thanks to a strong growth in sales. Coral may also be floated next year, joining William Hill and Ladbrokes, both listed competitors.

'Retail, internet and telebet, our three business channels, are growing strongly,” said Jeremy Greenhalgh, responsible for Coral’s refinancing. “This business is enjoying industry leading organic growth rates and there are still further opportunities to expand the chain and launch new products.”

Coral’s value has risen from £1.35bn in February to £1.6bn, and the chain has expanded from 874 shops to 1,106 outlets in the last two years.

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