BOE Set for Smaller Interest-Rate Increases as Inflation Eases
0805 GMT - The Bank of England is likely to continue increasing interest rates, but the central bank is expected to raise them at a slower pace amid signs that inflation has passed its peak, Capital Economics' chief U.K. economist Paul Dales says in a note. Inflation is set to fall in the coming months, and November's data isn't likely to be a one-off and will probably ease the BOE's concerns of persisting price growth, he says. "We still think the Bank will increase rates by 50 basis points, from 3.00% to 3.50%, tomorrow," Dales says. "But another 75bps hike has just become less likely and it is possible that rates don't rise to the peak of 4.50% we are forecasting." (xavier.fontdegloria@wsj.com)
Companies News:
SThree Sees FY 2022 Double-Digit Net Fee Growth, Beating Management Views
SThree PLC said Wednesday that it expects to deliver strong growth in fiscal 2022 ahead of its expectations driven by double-digit growth across all regions.
---
Watches of Switzerland Backs FY 2023 Guidance Amid Increased Demand, Higher Prices
Watches of Switzerland Group PLC backed its fiscal 2023 guidance on Wednesday after reporting a pretax profit increase in the first half amid robust revenue in the U.S. market.
---
Mirriad Advertising Sees 2022 Revenue Below Hopes; Upbeat on US Growth Ahead
Mirriad Advertising PLC said it expects revenue for the full year to miss market expectations, but that it is confident of future growth as it strengthens its focus on the U.S. market.
---
LoopUp Sees 2022 Revenue Beating Market Views, But Earnings Missing Consensus
LoopUp Group PLC said Wednesday that it expects 2022 revenue to be marginally above market expectations, though earnings to slightly miss market views.
---
ProCook Swung to 1H Pretax Loss Amid Challenging Consumer Backdrop
ProCook Group PLC reported on Wednesday a swing to pretax loss in the first half of fiscal 2023 driven by a challenging consumer backdrop, and that it expects underlying pretax profit for fiscal to be break-even.
---
Helium One Increases Fund Raising to GBP9.9 Mln on Investor Demand
Helium One Group Ltd. said Wednesday that it has increased its planned fund raising to 9.9 million pounds ($12.2 million) due to significant investor demand.
---
Amedeo Air Four Plus Swung to 1H Pretax Profit On Higher Rent, Finance Income
Amedeo Air Four Plus Ltd. said Wednesday that it swung to a pretax profit for the first half of fiscal 2023 after bringing in more rent and finance income, and booking significantly lower credit losses.
---
Dalata Hotel Sees Record-High Revenue in 2022 on Continued Robust Trading in 2H
Dalata Hotel Group PLC said Wednesday that it expects to report a record revenue driven by a better-than-expected performance during the second half.
---
IntegraFin FY 2022 Pretax Profit Fell On VAT-Linked Costs
IntegraFin Holdings PLC on Wednesday reported a drop in pretax profit for fiscal 2022 due to higher expenses from backdated value-added tax, and said it sees the business remaining resilient in fiscal 2023.
---
Volution Group Four-Month Revenue to End of November Rose on Year
Volution Group PLC said Wednesday that revenue for the four months to Nov. 30 was 112 million pounds ($138.5 million), 7.7% higher on year.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
12-14-22 0329ET
