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The Markets
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Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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The Markets
by Proactive
Proactive UK has moved.
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Leisure, gaming and gambling

Can Young’s bring home a Euros boost in its latest results?

When YOUNG & CO 'A' (AIM:YNGA), the pub group, reports results next week, investors will be keen to see whether it forecasts a boost from the Euros this month.

Yesterday, rival Fuller said sales had already risen by around 4.4% in the lead-up to the Euro, with the football tournament expected to boost sales over the next month.

Mark Crouch at eToro said: “The company will, of course, have one eye on the European championships kicking off Friday, which promises to bring pub goers out in force.

"With England tipped to go deep into the competition, a healthy profit boost could be coming home for Fuller's."

Investors in Young’s will hope to see similar sentiments in its results.

One area which has been a sticking point for pub groups is the amount of duty charged on pints compared to European averages.

Britain charges four times more on duty than the European average and a dozen times more than Germany, a letter to the Times suggested.

Scottish punters will have to pay 54.2p in duty, significantly more than the 4.6p paid in the host country, while England fans, who face the same 54.2p surcharge, will be paying around five times more than fans of its first opponent Serbia, which adds on an extra 12.7p.

Leading industry body the British Beer and Pub Association said it was writing to the country's top politicians in a bid to receive "fair recognition" of the industry's value.

“[It is] imperative that the next government provides a sustainable and proportionate fiscal and regulatory framework," the BBPA said.

However, while bosses at Greene King (LSE:GNK), Fuller's and Stonegate have all signed the letter, reports indicated Young’s had not.

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