Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. Entain’s softer Q3 sees FY NGR downgrade
Entain Group LON:ENT has this morning provided an update on trading and full year guidance. Net gaming revenue (NGR) for Q3 has been softer than expected with a string of adverse sports results weighing further. For the full year, NGR is now set to show low double digit percentage growth. Full year EBITDA forecasts remain unchanged.
- Companies Reporting: Greggs, Reckitt, Entain, ITV, Vistry
- UK Stock Market News: PageGroup, Oxford Nanopore, Entain
- Three Quick Facts: Oxford Biodynamics, Entain, Computacenter
#2. Getech: do interims raise questions over cash position?
Getech LON:GTC, a locator of subsurface resources, has published interims covering the period to 30th June today. The company has been undergoing a refocusing exercise and that combined with a downturn in sales to the energy sector has taken a toll. The various reporting metrics present something of a mixed picture but the company’s cash position is notable. They’re down to £2m however plans to dispose of Kitson House are progressing – although commercial property uncertainty is weighing.
#3. CRH’s move to New York listing confirmed
The Irish listed, FTSE-100 company CRH LON:CRH has this morning confirmed the move of its primary listing to the New York market. The company’s shares remain eligible for and continue to trade on the main market of the London Stock Exchange, but now as a standard listing segment issuer. The share price reaction here will be worth watching.
