Bellway looks to cut jobs and close two divisions as conditions worsen
Bellway PLC (LSE:BWY) is yet another housebuilder feeling the pinch, facing weakened demand as the Bank of England's continuous interest rate hikes feed through to mortgage rates.
The Newcastle-based builder is contemplating significant structural changes, including the potential shuttering of its London partnerships and South Midlands divisions.
TUI needs late holiday bounce to impress investors
Source: Sharecast.com
TUI AG (LSE:TUI) will be hoping, like nearly all travel industry players, it can wow with proof of strong customer demand and a positive performance in the late holiday market, as well as provivde information on winter bookings.
This could potentially lead to upgrades for TUI's full-year 2023 forecasts.
Flutter set to make its first profit in US
Source: CNN
Flutter Entertainment PLC (LSE:FLTR), the gambling company, is expected to make a profit in the US for the first time since launching its American sportsbook FanDuel.
Expanding in the US has been huge for the firm, with 38% of Flutter’s total revenues forecast to come from Stateside operations in the next three years.
Significant Announcements
Trading updates: Bellway PLC (LSE:BWY), TUI AG (LSE:TUI)
US earnings: The Walt Disney Company
Interims: Flutter Entertainment PLC (LSE:FLTR), Coca-Cola HBC AG