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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

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22 Feb 2023 14:34

Cineworld yet to receive any firm offers for whole business, shares slump

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22 Feb 2023 13:21

PRESS: Troubled Cineworld yet to receive firm takeover offer - FT

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LONDON MARKET CLOSE: Stocks make headway ahead of US inflation reading

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13 Feb 2023 16:10

PRESS: Vue lines up financial backing for Cineworld bid - Sky News

(Alliance News) - Cineworld Group PLC's rival cinema chain Vue International has lined up financial backing from its new shareholders to help assemble a takeover tilt for the suffering Brentford, London-based cinema chain, according to a report from Sky News.

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Vue lines up backing for Cineworld takeover offer - report

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FTSE 100 ends first trading day of 2023 on upbeat note

FTSE 100 up 1.4%, FTSE 250 adds 1.5%

*

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LONDON MARKET CLOSE: FTSE 100 rallies but New York falls after US PMI

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3 Jan 2023 12:10

Cineworld seeking buyer for all assets, denies breakup report

(Sharecast News) - Movie house owner Cineworld, which is in US bankruptcy protection, said it was looking for prospective buyers for the group's assets as a whole, and not separately as some media reports suggested on Tuesday morning.

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3 Jan 2023 10:25

TOP NEWS: Cineworld puts itself up for sale amid bankruptcy woes

(Alliance News) - Cinewold Group PLC shares fell on Tuesday, as the beleaguered cinema chain put itself up for sale in hopes of securing its future.

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3 Jan 2023 09:03

LONDON MARKET OPEN: Stocks jump in first session of 2023

(Alliance News) - Stock prices in London made a strong start to the new year on Tuesday, despite weak Chinese data and the UK suffering a fresh wave of rail strikes.

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LONDON BRIEFING: Stocks called higher; China factory sector shrinks

(Alliance News) - Stocks in London are expected to start a new year on the front foot on Tuesday, after a mixed session in Asia amid weak Chinese economic data.

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21 Dec 2022 21:39

Wall Street ends up with help from Nike, FedEx and consumer sentiment

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*

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21 Dec 2022 17:12

Odeon owner AMC pulls out of talks to buy cinemas from Cineworld

(Alliance News) - Odeon owner AMC Entertainment has revealed it was in talks to buy cinemas from troubled rival Cineworld Group PLC before backing out.

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AMC Entertainment abandons talks to buy Cineworld cinemas

(Sharecast News) - Cineworld shares fell on Wednesday after it emerged that US cinema chain AMC Entertainment had held talks with the company's lenders about buying some of its cinemas in the US and Europe as part of its bankruptcy process, but later abandoned the idea.

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