Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.
#1. Entain Group has a strong start to the new year
Entain Group (LON:ENT) has published a Q1 trading update noting a strong start to the year. Revenues are up 34% although online spend is down 8%, underlining the return to the retail market. There’s not much more to add here although the company notes its no. 2 position in the US market, where they have access to 41% of the adult population and management express confidence in their ability to perform well in the future, too.
#2. De La Rue full year numbers set to be in line with expectations
De La Rue (LON:DLAR) have also issued a trading update for the financial year ending 26th March. This is incredibly brief but notes that adjusted operating profits will be in line with market expectations and net debt is set to be slightly improved. .
#3. Robert Walters shows strong start globally, but UK lagging
Robert Walters (LON:RWA) the recruiters have issued Q1 numbers this morning, noting a strong start to the year. Gross profits are running 27% higher, with the UK performance the notable laggard here. However with this growth coming against a backdrop of geopolitical uncertainty and ongoing COVID restrictions in some APAC regions, there’s plenty to applaud here. Current trading is said to remain in line with management expectations.
I’m taking a short break now, but the usual service will resume after the Easter weekend.
