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World Cup fever filters down to some bottom lines

Published 07/09/2018, 11:32 AM
Updated 07/09/2018, 11:32 AM
© Reuters.  World Cup fever filters down to some bottom lines
  • Greene King (OTC:GRKGF, OTCPK:GKNGY) and Marston's (OTCPK:MARZF, OTC:MRTPY) are both up about 2.30% in London trading after England advanced to the semi-finals of the World Cup.
  • The extra games for the Three Lions essentially works out to the equivalent of a few days worth of extra revenue for the pub operators.
  • The strong performance by European teams could also boost results for Coca-Cola European Partners (NYSE:CCE) and Coca Cola HBC (OTC:CCHBF, OTCPK:CCHGY), according to analysts.
  • Nike (NKE +0.5%) has France, England and Croatia still alive in the tournament as far as uniform sponsorships, while Adidas (OTCQX:ADDYY) is down to Belgium. Reports indicate that England merchandise has been the hottest seller of the four teams still remaining.
  • Now read: Nike Q4 Update


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