Paddy Power reports strong sales

Irish betting chain Paddy Power said it grew quarterly sales strongly despite suffering a run of results that favoured punters.

The business said punters have made gains from domestic and European football in recent weeks, while September was a good month for horse racing fans.

However, it said at its shops like-for-like betting stakes grew by 7% and like-for-like revenues lifted by 1% in the 19 weeks to November 15, compared to a year ago.