Entain targets lifted by Deutsche Bank as new finance chief signals focus on costs and cash

Entain PLC (LSE:ENT), the owner of bookmakers Ladbrokes and Coral, has a new chief financial officer with a clear agenda: tighten costs and convert more profits into cash. Michael Snape, who took the role on 6 March having previously served as group CFO at delivery company IDS and in senior finance positions at Boots and Tesco, has been meeting City analysts for the first time since his appointment.