Bank of England Expected to Slow Tightening Cycle in 2H
0917 GMT - The Bank of England is set to continue tightening monetary policy this year to control inflation despite slowing economic growth, Berenberg says. However, the BOE is expected to increase rates at a slower pace than the market expects during 2H, and it is likely to ease rates a little once inflation has been brought under control as policymakers try to avoid triggering a recession, the German bank says. "Because [the BOE] did not tighten earlier last year when the economy was stronger and inflation was lower, the BOE now has to tighten despite the fact that doing so may run the risk of a recession," Berenberg says. The bank estimates a 15% probability of recession amid the current tightening cycle. (firstname.lastname@example.org)
De La Rue Sees FY 2022 Adjusted Operating Profit in Line With Market Views
De La Rue PLC said Thursday that it expects to close its fiscal 2022 year with an adjusted operating profit in line with expectations.
Entain Starts Year in Line With Expectations; Group Net Gaming Revenue Up
Entain PLC said Thursday that it has started the year strongly and is performing in line with expectations, as business benefits from the return of retail following last year's Covid-19-related store closures.
Robert Walters 1Q Net Fee Income Rose; Boosted by Performance in Asia Pacific, Europe
Robert Walters PLC said Thursday that its net fee income rose in the first quarter of the year as recruitment activity levels continued to increase.
Countryside, Bellway and Vistry Sign Fire-Safety Pledge
Countryside Partnerships PLC, Bellway PLC and Vistry Group PLC said Thursday that they have signed up to the U.K. government's fire-safety pledge to make buildings fire-safe, and all expect to make additional provisions.
Bank of Ireland Closer to Private Ownership as Government Extends Share Trading Plan
Ireland's finance department said Thursday that the government has reduced its interest in Bank of Ireland Group PLC to less than 5% and has further extended its share trading plan.
Shell Warns of Up to $5 Billion Hit From Russia Exit
Shell PLC said Thursday it expects to book accounting charges of up to $5 billion in the first quarter related to its decision to exit its joint ventures with Russian energy giant Gazprom PJSC in the wake of Russia's invasion of Ukraine.
Ashtead Technology Says It Is Confident in 2022 Views After Strong 1Q
Ashtead Technology Holdings PLC said Thursday that it performed strongly in the first quarter of 2022, underpinning the board's confidence in meeting its expectations for the full year.
Central Asia Metals on Track to Meet 2022 Production Guidance
Central Asia Metals PLC said Thursday that it is on track to meet its full-year production guidance at the Kounrad site in Kazakhstan and the Sasa site in North Macedonia.
Entain Drops as 1Q Online Gaming Revenue Falls
0926 GMT - Entain is among the biggest FTSE 100 fallers, down 1% after the gaming group reported lower first-quarter online net gaming revenue. "The company implies there isn't any need to worry about recent online weakness as last year's first quarter was so strong that it was always going to be hard to beat this time round," AJ Bell says, adding that Entain is more likely to be concerned about regulatory developments, acquisitions and potential takeover interest. "MGM Resorts and DraftKings have both tried and failed to buy the business, but the more Entain grows, the more likely it is we'll see either these parties come back again or someone else throw their hat in the ring," Bell's Russ Mould says. (email@example.com)
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(END) Dow Jones Newswires