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Pin to quick picks888 Holdings Share News (888)

Share Price Information for 888 Holdings (888)

London Stock Exchange
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Share Price: 88.05
Bid: 88.00
Ask: 88.20
Change: -0.55 (-0.62%)
Spread: 0.20 (0.227%)
Open: 89.70
High: 89.95
Low: 87.50
Prev. Close: 88.60
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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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10 Aug 2023 11:48

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8 Aug 2023 15:44

UK earnings, trading statements calendar - next 7 days

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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1 Aug 2023 14:31

IN BRIEF: Incoming 888 CEO Per Widerstrom buys GBP1 million in shares

888 Holdings PLC - Gibraltar-based betting operator - Incoming Chief Executive Officer Per Widerstrom buys 940,996 shares at 109.6 pence, worth GBP1.0 million, on Monday and on Friday last week. They are his first shares. Widerstrom was CEO of Fortuna Entertainment Group, a betting and gaming firm in central and eastern Europe, and joins 888 on October 16.

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25 Jul 2023 10:56

888 names industry veteran with "strong record" on governance as CEO

(Alliance News) - 888 Holdings PLC on Tuesday named Per Widerstrom as chief executive officer, ending its roughly six-month search for a new boss, as the gambling firm looks to re-emerge from a tricky period recently.

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25 Jul 2023 09:30

SMALL-CAP WINNERS & LOSERS: Reach rises despite interim profit fall

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25 Jul 2023 07:50

Betting firm 888 Holdings appoints Widerström as CEO

July 25 (Reuters) - British bookmaker 888 Holdings named Per Widerström as its new CEO on Tuesday after shrugging off shareholder FS Gaming's call to appoint its candidates to top roles.

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25 Jul 2023 07:49

888 appoints Per Widerström as CEO

(Sharecast News) - William Hill and Mr Green owner 888 said on Tuesday that it has appointed Per Widerström as chief executive officer with effect from 16 October.

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19 Jul 2023 14:11

IN BRIEF: 888 director & ESG chair resigns for Allwyn CEO position

888 Holdings PLC - Gibraltar-based online betting and gaming company - Andria Vidler resigns from board and as chair of the environmental, social & governance committee on September 30 to become chief executive officer of Lucerne, Switzerland-based Allwyn Entertainment.

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14 Jul 2023 16:56

LONDON MARKET CLOSE: FTSE 100 treads water; US bank earnings mixed

(Alliance News) - Stock prices in London closed mostly lower on Friday, with the FTSE 100 running out of steam at the end of a bullish week, where equities were supported by cooling US inflation.

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14 Jul 2023 16:49

Bookmaker 888 ends talks with investor as watchdog reviews licence

July 14 (Reuters) - British Bookmaker 888 has terminated talks on management changes proposed by shareholder FS Gaming after the industry watchdog on Friday launched a review of the company's licence to operate in the UK, sending its shares plunging 26%.

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14 Jul 2023 15:21

888 says UK watchdog to probe licence after FS Gaming involvement

(Alliance News) - 888 Holdings PLC said the UK gambling watchdog is reviewing its licence, after a vehicle backed by former executives of GVC Holdings PLC proposed additions to the bookmaker's board.

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19 Jun 2023 10:28

SMALL-CAP WINNERS & LOSERS: 888 edges down after recent winning streak

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13 Jun 2023 12:11

LONDON MARKET MIDDAY: Shares fall back ahead of key US inflation data

(Alliance News) - London's large-cap and mid-cap indices had slipped into the red by midday on Tuesday, having started the day positively, as a risk-off mood crept into markets ahead of the release of key US inflation data at 1330 BST.

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13 Jun 2023 09:39

SMALL-CAP WINNERS & LOSERS: 888 jumps after selling Latvian business

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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