Stocks to watch if England make the Euro 2020 final

imageStock Markets8 hours ago (Jul 07, 2021 14:53)

© Reuters

By Samuel Indyk – Speaking on Sky News, Fidelity International Investment Director Maike Currie has highlighted some companies that could benefit if England were to beat Denmark in Wednesday’s European Championships semi-final.

When asked by Ian King what the implications for the stock market should be if England reach the final, Currie said: “Think of companies like ITV (LON:ITV), of course, with a lot of football fans glued to their television sets.”

“And Just Eat (LON:JETJ). Just Eat has led the pack. It’s a major sponsor of the tournament and, of course, with social distancing measures in place in pubs, companies like Just eat, Deliveroo (LON:ROO) […] and, of course, Domino’s Pizza (LON:DOM) are all set to possibly benefit. And, of course, the gaming companies.”

Gaming companies listed in the UK include Entain (LON:ENT), Flutter Entertainment (LON:FLTRF) and 888 Holdings (LON:888).

To finish, Currie looks back at what happened last Wednesday, the day after England ended their hoodoo and beat Germany at Wembley. Back then, the FTSE 100 started on the front foot, although it did finish the session in negative territory.

“It’s an interesting one to watch,” Currie added.

“I do expect if we have a victory, the FTSE will edge up slightly.”

Stocks to watch if England make the Euro 2020 final

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