Sportingbet £39m in red

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Sportingbet plunged to a loss of £39m in the past 12 months but analysts still think it is a likely takeover target, thanks to its surging mobile phone business.

It is already the subject of a 52.5p-a-share, £350m offer from William Hill and GVC, and analysts think a higher offer is on its way. The shares rose 0.5p to 53.5p