Strong UK Wage Growth Could Prompt Higher-Than-Expected BOE Rate Rise
0851 GMT - The U.K. job market is showing signs of cooling, but upward pressure on inflation coming from rising salaries continues to grow, Capital Economics U.K. economist Ashley Webb says in a note. The strength in wage growth, together with a larger-than-expected GDP increase in October, might further tilt some Bank of England officials toward thinking about raising interest rates by 75 basis points on Thursday, he says. "This is the second data release in two days that might increase the chances of the Monetary Policy Committee repeating November's 75bps hike, instead of delivering the smaller 50bps rise that we and most others are expecting," Webb says. (xavier.fontdegloria@wsj.com)
Companies News:
InterContinental Hotels Names Michael Glover as New Incoming CFO
InterContinental Hotels Group PLC said Tuesday that Michael Glover will take over the role of chief financial officer, joining the role and the board from March 20 and succeeding Paul Edgecliffe-Johnson.
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Capita Sees 2022 Performance in Line With Views, Lower Debt on Disposals
Capita PLC said Tuesday that performance for 2022 is in line with expectations, backed by revenue growth and a strengthened balance sheet.
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Chemring FY 2022 Pretax Profit Rose, New Fiscal Year Started Well
Chemring Group PLC said Tuesday that its fiscal 2022 pretax profit rose on strong performance in both of its segments, and the new fiscal year has begun in line with its expectations.
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FRP Advisory Group 1H Pretax Profit Slips on Exceptional Costs
FRP Advisory Group PLC on Tuesday reported a slight drop in pretax profit for the first half of fiscal 2023 due to exceptional costs, a higher payment charge and new locations, and declared a dividend for the period.
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Sosandar Sees FY 2023 Performance in Line With Market Views, Swung to 1H Profit
Sosandar PLC said Tuesday that it expects to deliver fiscal 2023 performance in line with market expectations, driven by a robust revenue growth momentum that has continued into the second half.
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Hyve Group FY 2022 Pretax Loss Widened on Higher Costs; Revenue Rose
Hyve Group PLC said Tuesday that its pretax loss widened in fiscal 2022 on higher finance costs, though revenue rose.
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Begbies Traynor Confirms Rise in 1H Pretax Profit, Revenue
Begbies Traynor Group PLC on Tuesday confirmed Novermber preliminary figures showing increases in pretax profit and revenue for the first half of fiscal 2023.
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React Optimistic for FY 2023 on Strong Start to Year
React Group PLC said Tuesday that performance in the last three months of fiscal 2022 and the beginning of the new year have been particularly strong, underpinning a positive outlook for fiscal 2023.
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Avation Sees Return to Growth Through Aircraft Acquisitions
Avation PLC said Tuesday that it is optimistic about the long-term opportunity for air travel, particularly in new technology low carbon dioxide emission aircraft, and that it intends to return to growth through opportunistic aircraft acquisitions and deliveries from its orderbook.
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Shield Therapeutics to Raise Up to GBP18.6 Mln to Boost Finances, Accrufer Growth in US
Shield Therapeutics PLC said Tuesday that it is seeking to raise up to 18.6 million pounds ($22.8 million) via a share placing and subscription and open offer, to provide it with extra finances to accelerate the revenue growth of Accrufer in the U.S.
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Gresham Technologies Sees 2022 Revenue, Adjusted Ebitda Beating Market Views
Gresham Technologies PLC said Tuesday that it expects 2022 revenue and adjusted Ebitda to exceed recently upgraded market expectations.
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John Lewis of Hungerford FY 2022 Pretax Profit Fell Amid Higher Costs
John Lewis of Hungerford PLC said Tuesday that pretax profit for fiscal 2022 fell amid increased costs, and that performance for the new fiscal year remains uncertain given the economic backdrop.
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Dianomi PLC Shares Dive on Profit Warning
Shares of Dianomi PLC fell as much as 21% on Tuesday after the company said that adjusted Ebitda for the year is expected to miss market forecasts and be around half of that reported for 2021.
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Synectics Sees FY 2022 Underlying Profit Beating Market Views
Synectics PLC said Tuesday that it expects underlying profit for fiscal 2022 to slightly exceed market expectations, with second half profit expected to be higher than the first half.
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Global Ports Holding 1H Pretax Loss Narrows
Global Ports Holding PLC on Tuesday said that its first-half pretax loss narrowed, boosted by strong recovery across its ports and cruise operations.
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Vector Capital Sees 2022 Meeting Market Views, But Makes Debt Provision
Vector Capital PLC said Tuesday that it expects 2022 revenue, pretax profit and the year-end aggregate loan book to meet market expectations, but will make a provision for doubtful debts.
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finnCap Swung to 1H Pretax Loss on Lower Revenues; Scraps Dividend
finnCap Group PLC on Tuesday reported a swing to a pretax loss for the first half of fiscal 2023, hit by lower investor confidence and reduced equity capital market activity after record performance last year, and said that it won't be paying an interim dividend for the period.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
12-13-22 0423ET
