The Rank Group announced an increase in its profit forecasts following further positive trading in Digital and the Grosvenor and International venues businesses, underpinned by cost savings from its transformation programme.

The Rank Group now expects underlying operating profit* pre IFRS16 for the year ending 30 June 2020 to be above current market expectations (analyst range of £93m to £103m) and, based on the trends experienced to date, to be in the range of £105m to £115m.

Rank said it would announce its interim results for the six months ended 31 December on 30 January.