The Government is said to be planning a crackdown on the betting industry amid fears a growing number of children see gambling as normal because of adverts - especially during football matches. 'The gambling industry's luck has run out,' is how one minister is reported to have put it. The same applied to investors, with the prospect of an ad ban sending shares in Ladbrokes down 5.8 per cent or 8.2p to 133.6p while William Hill was off 4.3 per cent or 13.1p to 294.6p and Paddy Power Betfair lost 3.4 per cent or 300p to 8490p.
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HAMISH MCRAE: If you adjust for the fall in the pound, shares are barely up at all since the Brexit vote
Brexiters are crowing that all three of the main share indices - the FTSE 100, the FTSE 250 and the FTSE SmallCap index - all went through their previous highs yesterday. Remainers, on the other hand, are focusing on the fall of the pound, now at a 31-year low against the dollar, and a three-year low against the euro.