FTSE 100 fell lower, losing 33 points to 7,554 as the hawkish tone of the US Federal Reserve unsettled a jittery market even further. Entain was one of the largest fallers as online gaming fell in its first-quarter update compared to last year.
The UK government’s energy security strategy is more of a “medium three, four, five year answer,” business Secretary Kwasi Karteng confirmed it ahead of the unveil later today.
Shell’s decision to exit Russia following its invasion of Ukraine will cost it US$5bn in the first quarter alone. The oil giant also said its working capital outflows were significant.
More than 100 flights were cancelled again today across UK airports as providers struggle with COVID absences. British Airways cancelled 74, while that number is 52 for easyJet.
De La Rue’s adjusted operating profit for fiscal 2022 will be in line with market
expectations though net debt of £75mln will be slightly higher than expectations. Full results will be released May 25.
AdEPT Technology said order intake in the final quarter was strong despite supply chain issues. The company expects results for the year to end-March 2022 to be broadly in line with current market forecasts.
Alpha Financial Markets Consulting’s revenue and underlying profits for the year to 31 March 2022 are expected to be “significantly ahead” of current market expectations.
The company said it grew organic net fee income by a double-digit percentage.