FTSE 100 Rebounds Amid Geopolitical Tensions and Entain's Surge

FTSE 100 Rebounds Amid Geopolitical Tensions and Entain's Surge

FTSE 100 Rebounds Amid Geopolitical Tensions and Entain's Surge The FTSE 100 index in London experienced a rebound on Monday, with investment driven by a positive earnings forecast from gaming giant Entain, despite ongoing geopolitical tensions in the Middle East.At 1034 GMT, the FTSE 100 was up by 0.5%, while the FTSE 250 also gained 0.7%. Entain led the surge with an 11.5% increase, attributed to its BetMGM arm raising forecasts for revenue an…

Entain shares surge on earnings upgrade for US joint venture

FTSE 100 listed Entain said it now expects BetMGM to deliver full-year underlying earnings of at least 100 million US dollars (£73.8 million).

The Entain share price jumps 14% on an upbeat report – time to consider buying?

The Entain (LSE: ENT) share price has caught my eye over the last year, and today (16 June) it’s hard to ignore. The FTSE 100 gambling and sports betting group has surged more than 14% to 857p per share after a bullish update. Today’s jump was driven by US optimism. Entain raised its revenue forecast for BetMGM, its 50:50 joint venture with MGM Resorts. Net revenues are now expected to hit “at least $2.6bn” this year, up from earlier guidance of…

BP and Shell help FTSE 100 higher, Entain jumps

The FTSE 100 was firmly higher on Monday as the escalating conflict in the Middle East kept oil prices at elevated levels, providing support for oil majors BP and Shell. London’s leading index was 0.4% higher at the time of writing, with Entain topping the leaderboard following an upgrade to full-year guidance for its US […] The post BP and Shell help FTSE 100 higher, Entain jumps appeared first on UK Investor Magazine.

Markets push ahead despite Middle East tensions escalating, Metro Bank shares up on takeover rumours and Entain’s US joint venture comes up trumps as revenue and profit guidance upgraded

FTSE 100 Starts Week Higher as LON:ENT Leads Gains Amid Oil Surge

FTSE 100 Starts Week Higher as LON:ENT Leads Gains Amid Oil Surge