What’s GVC Holdings' form ahead of Thursday’s trading update?

Investors in the Ladbrokes owner will be hoping for a quick recovery now that increasing numbers of sports events are back on

GVC Holdings - What’s GVC Holdings form ahead of Thursday’s trading update?

With betting shops reopening their doors and professional sport returning, recovery will likely be the key word when Ladbrokes owner GVC Holdings PLC (LON:GVC) delivers a half-year update on Thursday.

While the first half figures are expected to show declines given it overlapped with the coronavirus lockdown period, investors will be keen to see how quickly demand has bounced back, as well as where the bookies will lie in the consumer spending tables amid rising unemployment.

Another area of interest will be how much the company’s online games such as Foxy Bingo have contributed to revenues in the period as gamblers search for online and non-sports alternatives to betting. Any uptick will also be eyed to see how much it has offset declines elsewhere in the business.

Significant events expected on Thursday July 16:

Trading updates: GVC Holdings PLC (LON:GVC), Anglo American PLC (LON:ALL), SSE PLC (LON:SSE), Experian PLC (LON:EXPN), Hays PLC (LON:HAS)

Finals: Invinity Energy Systems PLC (LON:IES)

Interims: K3 Business Technology Group PLC (LON:KBT)

Economic data: UK unemployment, UK earnings, US retail sales, US jobless claims, ECB interest rate decision

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