Ferrari has said second-quarter profits rose 14% on higher deliveries, driven by its Portofino and 812 Superfast brands.

The Italian luxury sports car manufacturer said on Friday that net profit in three months to end-June came in at €184 million (£168 million), up from €160 million in the same period last year.

Net revenues were up nearly 9% at €984 million.

Total shipments were 2,671, an increase of 8% over the previous year.

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Sales dropped by 6% in the Americas to 803 vehicles due to model shifts in the 488 family.

Europe and the Middle East, the largest market, grew by 11% to 1,195 vehicles.

Ferrari confirmed its full-year revenue targets of above €3.5 billion and earnings before tax and interest of between €1.2 billion and €1.5 billion.

Pets at Home said sales have jumped in the 16 weeks to July 18 by 9.9 per cent to £303.4 million compared with the same period a year ago.

It it had grown sales every quarter for the last 10 quarters.

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The focus on services, such as vets, grooming and flea treatments, was "particularly positive" and drove sales in the retail division.

Retail sales were up 8.2% on a like-for-like basis, and its vet business grew 6.2% like-for-like.

For Pets at Home, the company said it was well prepared for a potential no-deal Brexit, having practised in the run-up to the previous Brexit deadline of March 31.

He said: "We've done this before, we're focusing on continuity of supply. We're conscious we don't want to run out of stock."

Paddy Power and Betfair owner Flutter Entertainment is set to report a dip in underlying earnings on Wednesday, as it invests heavily in long-term opportunities in the US and tackles tighter regulation elsewhere.

The gambling firm, which changed its name in March, is expected to report underlying earnings of £193 million excluding US operations for the first half, while its American unit will make a loss of £21 million.

This time last year the group reported half-year underlying earnings of £217 million.