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

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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)

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23 Jan 2019 10:33

Young's adds 15 pubs with Redcomb acquisition

(Sharecast News) - Young & Co.'s Brewery announced the acquisition of Redcomb Pubs - a company that owns and operates 15 pubs in "prime" locations - for £34m on a cash-free and debt-free basis on Wednesday.

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23 Jan 2019 09:41

Young & Co's Brewery Buys 15-Strong Redcomb Pubs For GBP34 Million

LONDON (Alliance News) - Young & Co's Brewery PLC on Wednesday said it bought Redcomb Pubs Ltd for GBP34 million on a cash-free and debt-free basis.Redcomb owns and operates 15 pubs

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18 Jan 2019 15:08

Young & Co's Brewery Appoints Quint As Interim Chief Financial Officer

LONDON (Alliance News) - Young & Co's Brewery PLC on Friday said it appointed Daniel Quint as interim chief financial officer.Quint is an experienced private and public company CFO

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11 Dec 2018 12:46

Young & Co's Brewery Seeks Replacement After Finance Head Stands Down

LONDON (Alliance News) - Brewer and pub operator Young & Co's Brewery PLC said Tuesday that Chief Financial Officer Steve Robinson has left the firm with immediate effect to "pursue -

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11 Dec 2018 07:59

Young's CFO Steve Robinson resigns

(Sharecast News) - Young's said on Tuesday that Steve Robinson has resigned as chief financial officer and left the business to pursue other interests.

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19 Nov 2018 11:13

Sales stagnates across pub and restaurant sector - survey

(Sharecast News) - British pubs and restaurants saw growth stagnate in October, as the sector wrestled with stiff competition, curtailed spending and rising costs.

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3 Jul 2018 16:08

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24 May 2018 13:09

Young & Co's Brewery Hikes Payout As Profit Rises In Tough Market

LONDON (Alliance News) - Pub operator Young & Co's Brewery PLC hiked its dividend Thursday after its annual profit and revenue rose, despite a "challenging" market and the new 2,

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16 Feb 2017 10:33

Spending on eating out remains resilient as inflation crunch looms

(ShareCast News) - In the normally quiet month for the pubs and restaurant sector, sales data for January was positive overall and showed casual dining chains enjoying a continued recovery. Industry like-for-like sales grew 1.9% in January 2017 compared to 2016, according to the Coffer Peach Busi

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25 Jan 2017 17:18

Young's former CEO replaces Nick Bryan as chairman

(ShareCast News) - Young & Co.'s Brewery on Wednesday announced that its non-executive chairman Nick Bryan will stand down at the end of the current fiscal year on 3 April. Bryan, who has been in the role for six years, will be replaced by the British pub operator's former chief executive Stephen Go

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19 Jan 2017 06:45

Restaurants and pubs enjoy strong festive trading, Coffer Peach finds

(ShareCast News) - UK pubs and restaurants enjoyed an equal uplift in trading over the Christmas and New Year period, as a bumper six weeks for London drove a second consecutive month's improvement. Data on the largest managed pub and restaurant groups over the six weeks to January 8 found a collect

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15 Dec 2016 09:48

Pubs and restaurants bounce led by London, Coffer Peach survey finds

(ShareCast News) - London led a rebound for the eating and drinking out sector in November, with good growth in pub sales and a return to annual growth for restaurants, but it was a case of glass-half-full outside the capital. The Coffer Peach Business Tracker found November like-for-likes sales gre

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15 Sep 2016 09:27

Pubs outdo restaurants again in August, Coffer Peach data shows

(ShareCast News) - UK large pub and restaurant groups enjoyed better sales in August as Britain took advantage of better weather to eat and drink out. There was a 0.6% increase in like-for-like (LFL) sales at managed pubs, bars and restaurants, up from 0.3% last month, according to the monthly Track

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