“Challenging conditions” on the high street negatively impacted quarterly results are bookmakers Ladbrokes Coral (LON:LCL), who saw total revenue fall 2 percent over the period.

The amount bet over the counter in shops fell 7 percent between the start of the year and April 23, leading to a downwards pressure on revenue. Total net revenue in the UK fell by 2 percent, despite a 5 percent rise in group revenue.

Chief executive Jim Mullen said the retail business continued to “exhibit the negative trends reported since the middle of 2016”, pointing towards the “challenging” conditions on the UK high street.

The group’s online offering remains strong, with sales up 22 percent and helping mitigate the effects of slow over-the-cunter betting.

Mullen continued: “Trading in the period was in-line with our expectations. We see encouraging trends in Digital sportsbook and gaming with continued enthusiasm for our multi-channel products in all our major markets and over a million customers now signed up in the UK alone.”

Ladbrokes shares are currently down 4.67 on the news at 122.30 (1544GMT).