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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
25 May 2023 09:30

Cineworld eyes bankruptcy exit in July as most lenders back restructuring plan

May 25 (Reuters) - Cineworld expects to emerge from Chapter 11 bankruptcy protection in July, the British cinema chain operator said on Thursday, adding that its proposed debt restructuring has the backing of most of its lenders.

Read more
25 May 2023 08:20

Cineworld expects to exit Chapter 11 bankruptcy in July

(Sharecast News) - Cineworld said on Thursday that it expects to exit Chapter 11 bankruptcy in July.

Read more
2 May 2023 22:44

Cineworld gets US court approval to raise $2.26 bln after bankruptcy

May 2 (Reuters) - Bankrupt movie theater chain Cineworld received U.S. court approval on Tuesday to raise $2.26 billion as part of its exit from bankruptcy, after reaching a settlement with a minority faction of lenders that had opposed parts of the exit financing.

Read more
24 Apr 2023 15:44

Super-sized screens, rumble seats draw moviegoers back to blockbusters

LOS ANGELES, April 24 (Reuters) - Jason Stark's two young sons talked excitedly for months about seeing the "The Super Mario Bros. Movie." When the film debuted this month, he decided to make the experience a special outing.

Read more
18 Apr 2023 12:14

LONDON MARKET MIDDAY: Miners lift FTSE 100 even as pound rebounds

(Alliance News) - Stock prices in London were mixed at midday on Tuesday, as markets pondered the implications of a higher-than-expected UK employment rate, while the FTSE 100 benefited from gains by commodity stocks.

Read more
18 Apr 2023 10:57

Cineworld scraps plan to sell Rest of World arm as fails to find buyer

(Alliance News) - Cineworld Group PLC on Tuesday said it has abandoned plans to sell its operations outside the US, UK and Ireland.

Read more
18 Apr 2023 07:38

Cineworld pulls sale of East Europe, Israel businesses

(Sharecast News) - UK cinema chain Cineworld has pulled the planned sale of its businesses in Eastern Europe and Israel, after the proposals it received did not meet the value needed by its lenders.

Read more
13 Apr 2023 15:47

UK shareholder meetings calendar - next 7 days

Friday 14 April 
Zenith Energy LtdAGM
Monday 17 April 
no events scheduled 
Tuesday 18 April 
AIQ LtdAGM
Braemar PLCGM re capital reduction
Franchise Brands PLCAGM
Herald Investment Trust PLCAGM
Porvair PLCAGM
XP Power LtdAGM
Wednesday 19 April 
British American Tobacco PLCAGM
Hunting PLCAGM
Primary Health Properties PLCAGM
RM PLCGM re sale of the RM Integris & Finance Business 
SThree PLCAGM
Tekmar Group PLCGM re placing and subscription
Thursday 20 April 
Cineworld Group PLCGM re loss of capital
Jarvis Securities PLCAGM
Franchise Brands PLCGM re acquisition of Pirtek Europe
Relx PLCAGM
Haleon PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
11 Apr 2023 17:07

FTSE 100 closes at one-month high; Cineworld hits record low

Devolver Digital hits record low on earnings miss

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11 Apr 2023 17:00

LONDON MARKET CLOSE: Stocks buoyant despite gloomy IMF prediction

(Alliance News) - Stocks in London returned from the long Easter weekend in an upbeat mood, closing in the green on Tuesday.

Read more
11 Apr 2023 12:10

LONDON MARKET MIDDAY: Stocks up as IMF sees high rates as "temporary"

(Alliance News) - Stock prices in London were higher at midday on Tuesday, with the market mood positive after the IMF predicted that the current period of robust interest rates will only be temporary.

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11 Apr 2023 11:46

Cineworld shares drop as filed plan would wipe out shareholder value

(Alliance News) - Beleaguered cinema chain Cineworld Group PLC on Tuesday updated on its Chapter 11 proceedings in the US, filing a plan of reorganisation in a Texas bankruptcy court and a disclosure agreement.

Read more
11 Apr 2023 08:42

Cineworld wipes out shareholders with latest restructuring proposal

(Sharecast News) - Shareholders in embattled movie theatre operator Cineworld will be cleaned out as part of the group's latest proposals to reorganise and exit Chapter 11.

Read more
11 Apr 2023 07:55

LONDON BRIEFING: Harbour Energy, BP to team up on carbon capture

(Alliance News) - Stocks in London are called to open higher on Tuesday, with European markets expected to begin the abbreviated week strongly following the long Easter weekend.

Read more
3 Apr 2023 17:20

FTSE 100 hits three-week high as oil stocks soar; Cineworld plummets

UK factory activity slows in March

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Read more

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