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Paddy backs winner

SHARES hit an all-time high at bookmaker Paddy Power after they announced that they anticipate stronger growth for the coming year supported by its online and mobile services division.

Full-year earnings per share are expected to rise by 15pc to 20pc year-on-year. The company has made almost as much profit through its website and mobile phone applications in the six months to June 30 as it did overall in the first half of 2010.