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Thursday preview: Bank of England, Cineworld in the spotlight

Wed, 16th Mar 2022 12:45

(Sharecast News) - Financial markets' attention on Thursday will be on the Bank of England, even as investors keep a wary eye trained on events in Ukraine.

Policymakers are widely expected to hike Bank Rate again, by 25 basis points, to 0.75%.

Nonetheless, for their part, economists at Barclays Research expect the Monetary Policy Committee to strike a dovish tone, given the uncertainty around the conflict in Ukraine.

Barclays expected the monetary policy decision to be unanimous.

A raft of economic data is set for release in the States, including the results of the Philly Fed's factory sector survey for March.

Across the Channel meanwhile, at 0930 GMT, European Central Bank president, Christine Lagarde, will speak at 'The ECB and its Watchers XXII' conference.

Against that backdrop, at 1000 GMT, Eurostat will publish a final reading for euro area consumer prices in February.

The most important element of Cineworld's full-year results presentation will likely be its guidance. That is because the heavily indebted company, which is also facing potential multi-million legal redress costs for their aborted merger, needs to see a "big" improvement in revenues, says Michael Hewson, chief market analyst at CMC Markets UK.

Compounding matters, recent sharp increases in inflation are likely to be a drag on discretionary spending, although Cineworld did report a sharp pick up in sales for December, which allowed it to turn cash-flow positive during the fourth quarter.

Worth noting, in the past the company has broached the possibility of pursuing a US listing and a possible flotation of its Regal unit in the States.

Thursday 17 March

INTERIM DIVIDEND PAYMENT DATE

Ideagen, Knights Group Holdings

INTERIM EX-DIVIDEND DATE

Brooks Macdonald Group, Colefax Group, Dunelm Group, Grit Real Estate Income Group Limited NPV, Ince Group (The), JPMorgan Mid Cap Inv Trust, NWF Group, Thorpe (F.W.), Trifast, Triple Point VCT 2011 'B'

QUARTERLY EX-DIVIDEND DATE

Round Hill Music Royalty Fund Limited NPV, Standard Life Private Equity Trust

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Building Permits (US) (12:30)

Capacity Utilisation (US) (13:15)

Continuing Claims (US) (12:30)

Housing Starts (US) (12:30)

Industrial Production (US) (13:15)

Initial Jobless Claims (US) (12:30)

Philadelphia Fed Index (US) (12:30)

Retail Sales (US) (12:30)

FINALS

Ceres Power Holdings, Cineworld Group, Deliveroo Class A , EMIS Group, Empresaria Group, Harbour Energy , Helios Towers , Marshalls, PensionBee Group , Portmeirion Group, Transgloble Energy Corporation NPV (DI), Tribal Group

SPECIAL EX-DIVIDEND DATE

Anglo American, Thorpe (F.W.)

AGMS

Autins Group

TRADING ANNOUNCEMENTS

Ocado Group

UK ECONOMIC ANNOUNCEMENTS

BoE Interest Rate Decision (12:00)

FINAL DIVIDEND PAYMENT DATE

Blackrock Income And Growth Investment Trust, Treatt

FINAL EX-DIVIDEND DATE

Anglo American, Bellevue Healthcare Trust (Red), BlackRock World Mining Trust, Crest Nicholson Holdings, Dairy Farm International Holdings Ltd (Bermuda), Dairy Farm International Holdings Ltd. (Jersey), Dairy Farm International Holdings Ltd. (Singapore), HGCapital Trust, Hikma Pharmaceuticals, Hongkong Land Holding Ltd. (Bermuda), Hongkong Land Holding Ltd. (Jersey), Hongkong Land Holding Ltd. (Sing.Reg), Jardine Matheson Holdings Ltd (Singapore Reg), Jardine Matheson Holdings Ltd. (Bermuda), Jardine Matheson Holdings Ltd. (Jersey), MTI Wireless Edge Ltd., NATWEST GROUP PLC ORD 100P, RM, SEGRO, Spirent Communications

More News
31 Jul 2023 15:26

IN BRIEF: Cineworld formally enters administration as planned

Cineworld Group PLC - London-based cinema chain - Says its parent company has formally entered administration, following outlining such plans on Friday last week. Says this does not apply to any of the operating companies or subsidiaries in the rest of the group, and will not affect the status or rights of any of the group's employees.

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28 Jul 2023 12:38

Cineworld shares suspended, will enter administration on Monday

(Alliance News) - Cineworld Group PLC announced on Friday that it had suspended its shares from trading at the company's request and that it will enter administration on Monday.

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24 Jul 2023 12:04

LONDON MARKET MIDDAY: China stimulus impatience keeps lid on sentiment

(Alliance News) - Equity prices in Europe were mixed heading into Monday afternoon, with a warning of the challenges facing the Chinese economy hurting investor sentiment at the start of a busy week of central banking action.

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24 Jul 2023 11:26

'Barbenheimer' weekend generates almost GBP30 million at UK box office

(Alliance News) - The dual offerings of Barbie and Oppenheimer prompted the biggest weekend for UK cinema-going since 2019, according to the UK Cinema Association.

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13 Jul 2023 13:27

Cinepolis exec Eduardo Acuna to become Cineworld CEO

July 13 (Reuters) - Cineworld Group said on Thursday Eduardo Acuna, who runs the Americas operations of Mexican theatre operator Cinepolis, will become its CEO when the company emerges from bankruptcy proceedings, expected this month.

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29 Jun 2023 17:19

London stocks fall as utilities drag; Serco gains

De La Rue up after retaining annual profit forecast

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29 Jun 2023 14:42

IN BRIEF: Cineworld reorganisation confirmed by US bankruptcy court

Cineworld Group PLC - London-based cinema chain - Says US Bankruptcy Court for the Southern District of Texas, Houston Division yesterday confirmed third amended joint chapter 11 plan of reorganisation. Allows it to implement restructuring transactions after satisfying certain conditions. Plan involves the release of about USD4.53 billion of Cineworld's funded indebtedness, as well as a rights off to raise USD800 million, and USD1.46 billion in new debt financing. Cineworld expects to enter into administration in the UK shortly before the emergence from chapter 11 proceedings. Cineworld still expects to emerge from the chapter 11 cases in July.

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29 Jun 2023 09:46

SMALL-CAP WINNERS & LOSERS: De La Rue rises on "encouraging signs"

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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26 Jun 2023 17:37

Heathcare stocks weigh on STOXX 600, defence stocks slide

STOXX 600 off 0.1%

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26 Jun 2023 17:15

FTSE 100 inches lower as defence firms drag; commodity-linked stocks rise

Defence firms fall after an aborted mutiny in Russia

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26 Jun 2023 11:57

LONDON MARKET MIDDAY: Risk-off amid higher rates, Russia instability

Alliance News) - Stock prices in London were lower at midday on Monday, as an aborted uprising in Russia over the weekend and hawkish moves from central banks over the past two weeks caused investors to tread carefully.

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26 Jun 2023 11:53

Cineworld shares drop as it files for administration in the UK

(Alliance News) - Cineworld Group PLC on Monday said it has filed for administration in the UK as part of its restructuring in an attempt to reduce debt levels.

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26 Jun 2023 09:28

SMALL-CAP WINNERS & LOSERS: Braemar unlikely to meet results deadline

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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26 Jun 2023 07:58

Cineworld to apply for administration in UK

(Sharecast News) - UK cinema chain Cineworld on Monday said it was applying for administration as part of its proposed restructuring plan.

Read more
25 May 2023 10:35

Cineworld expects to emerge from Chapter 11 proceedings in July

(Alliance News) - Cineworld Group PLC on Thursday said it expects to emerge from Chapter 11 proceeding in July and, during its restructuring process, will continue to operate as usual.

Read more

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