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Home » UK Shares » Three Quick Facts » Three Quick Facts: Entain Group, De La Rue and Robert Walters

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.

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This article is not investment advice. Investors should do their own research or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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