Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksYoung & Co's Brewery Share News (YNGA)

Share Price Information for Young & Co's Brewery (YNGA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 952.00
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 8.00 (0.846%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 952.00
YNGA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Bets and burgers: UK Plc profits from Euros but pubs miss out

Tue, 13th Jul 2021 13:14

* Gambling firms see record betting volumes during tournament

* Food delivery orders boom on match days

* Pubs miss out due to virus curbs, trade body says

By Muvija M

July 13 (Reuters) - England's run to the final of the Euro 2020 soccer tournament bolstered business for bookmakers and food delivery firms but pubs lamented a missed opportunity because of coronavirus curbs.

Bookmakers reported record-breaking bets being placed during the month-long tournament, while online food delivery firm Just Eat Takeaway.com saw orders peak at 2.5 per minute on match days in Britain.

But pub operators missed out on 9 million pounds in beer sales during Sunday's final because of pandemic curbs on capacity, the British Beer & Pub Association has estimated.

The final was the highest staking football match in Flutter's history "by a long way", the company told Reuters, with some 30 million pounds gambled across its Paddy Power, Sky Bet and Betfair platforms.

"England's performance has definitely played a role in spending patterns... We have never seen so much support for an England team before," a Flutter spokesperson said.

Rival Entain, which owns Ladbrokes and Coral, called the tournament its "biggest ever sports-betting event", estimating bets at about 250 million pounds.

A more online-focused company, 888, said its platform 888sport had seen more bets being placed on Sunday's England-Italy final than on any other sporting event, beating the record from last week's semi-final against Denmark.

"It wasn't the result England were hoping for but Italy were more popular in the betting on the match and were well backed to win the tournament throughout the month," Kieran Spellman, vice president and head of sports at 888, told Reuters.

England's men lost the final on penalties to Italy, dashing hopes of a first major title in 55 years.

Young & Co's Brewery - 245 of whose 273 pubs show sports - said limits on customer numbers and the requirement that all patrons sit at tables were hurting business.

"The opportunity was lost for our business due to heavy regulated COVID restrictions," a company spokesperson said.

Specialist sports bars and pubs were only catering to around a third of their usual crowd on Sunday, trade body UKHospitality said.

Food delivery firms enjoyed a surge in orders as people gathered in their homes instead to watch the matches.

Finals day fittingly had an Italian flavour -- orders of dessert Tiramisu saw an uplift in many countries, while pizza outsold burgers, according to Just Eat Takeaway. (Reporting by Muvija M in Bengaluru, writing by Sachin Ravikumar Editing by Keith Weir and Gareth Jones)

More News
4 Jun 2020 12:10

Young's Annual Profit Falls But Revenue Rises Despite Late Virus Hit

Young's Annual Profit Falls But Revenue Rises Despite Late Virus Hit

Read more
4 Jun 2020 08:16

Lockdown dents final profits at Young & Co as it predicts flat sales ahead

(Sharecast News) - Young & Co's Brewery has announced plans to reopen all its pubs by 3 August, but warned sales are unlikely to normalise until 2022.

Read more
29 May 2020 15:02

UK TRADING UPDATE SUMMARY: Catenae Inks Pilot Pact For Cov-ID App

UK TRADING UPDATE SUMMARY: Catenae Inks Pilot Pact For Cov-ID App

Read more
29 May 2020 09:23

Young & Co's Brewery pulls interim dividend

(Sharecast News) - Young & Co's Brewery said on Friday that it was pulling its interim dividend as its pubs remain shut due to the coronavirus pandemic.

Read more
28 May 2020 16:17

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
13 May 2020 15:27

UK TRADING UPDATE SUMMARY: Young & Co Gets GBP30 Million Covid Loan

UK TRADING UPDATE SUMMARY: Young & Co Gets GBP30 Million Covid Loan

Read more
30 Apr 2020 12:09

JPM upgrades M&B in 'precarious times' for UK pubs

(Sharecast News) - JP Morgan raised its rating on Mitchells & Butlers to 'overweight' as it cut 2020 earnings estimates for UK pub companies by an average of two-thirds to reflect the Covid-19 shutdown.

Read more
30 Apr 2020 09:45

UK BROKER RATINGS SUMMARY: ODDO BHF Cuts IAG To Neutral From Buy

UK BROKER RATINGS SUMMARY: ODDO BHF Cuts IAG To Neutral From Buy

Read more
8 Apr 2020 09:43

UK BROKER RATINGS SUMMARY: Jefferies And Liberum Differ Over ASOS

UK BROKER RATINGS SUMMARY: Jefferies And Liberum Differ Over ASOS

Read more
27 Mar 2020 16:31

Young & Co's Says No To Final Dividend As It Furloughs Pub Staff

Young & Co's Says No To Final Dividend As It Furloughs Pub Staff

Read more
19 Mar 2020 11:27

Young & Co's Brewery Provides Three-Month Rent Holiday To Pub Tenants

Young & Co's Brewery Provides Three-Month Rent Holiday To Pub Tenants

Read more
19 Mar 2020 10:48

UPDATE 2-FTSE 100 rises after BoE's new rescue measures, midcaps stuck in the red

* FTSE bounces after BoE eases again* Recent sterling slide helps exporters, banks also gain* Joules, Playtech, Crest Nicholson scrap dividend* FTSE 100 up 1.4%, FTSE 250 down 1.4% (Updates with closing prices)By Sruthi ShankarMarch 19 (Reuters) - B...

Read more
19 Mar 2020 10:11

Young's and Shepherd Neame warn on covid-19 impact

(Sharecast News) - Young & Co said it could be forced to close all its bars as fellow pub operator Shepherd Neame called for further urgent government action to support businesses and workers.

Read more
19 Mar 2020 08:18

Pub operator Young & Co's might close pubs because of the coronavirus outbreak

March 19 (Reuters) - Pub operator Young & Co's Brewery Plc said on Thursday that closing some or all of its pubs for at least a short period is "imminent" due to the coronavirus outbreak.The company, which operates pubs in London and Southern En...

Read more
18 Dec 2019 10:06

Staffline Shares Drop On 2018 Accounting Errors, Poor 2019 Performance

Staffline Shares Drop On 2018 Accounting Errors, Poor 2019 Performance

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.