Testimony by BOE's Bailey Could Move Sterling
0936 GMT - Sterling could move in response to Bank of England Governor Andrew Bailey's testimony before the Lords Economic Affairs Committee at 1500 GMT Tuesday, ING says. "A significant shift in Bailey's policy rhetoric two weeks before the BOE meeting appears unlikely, but the proximity to the meeting also means that markets tend to over-interpret Monetary Policy Committee members' comments," ING analyst Francesco Pesole says in a note. The BOE is likely to raise interest rates 50 basis points at the December 15 meeting while markets are pricing in 57bp, he says. GBP/USD could fall into the end of 2022 as the dollar rises and the pound suffers from a bleak U.K. economic outlook, he says. GBP/USD rises 0.5% to 1.2015.(renae.dyer@wsj.com)
Companies News:
AstraZeneca to Buy Neogene Therapeutics for $320 Mln
AstraZeneca PLC said Tuesday that it is buying biotechnology company Neogene Therapeutics Inc. for up to $320 million.
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easyJet FY 2022 Pretax Loss Narrowed, Revenue Rose on Pandemic Recovery
easyJet PLC said Tuesday that its fiscal 2022 pretax loss narrowed and revenue rose as passenger numbers and revenue per seat recovered following the easing of Covid-19-related restrictions.
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Shaftesbury Swung to FY 2022 Pretax Profit on Revaluation Gains and as Income Rose
Shaftesbury PLC said Tuesday that it swung to a pretax profit for fiscal 2022, primarily on gains from the revaluation of investment properties, while net property income rose 28%.
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Amigo Holdings Swung to 1H Loss, Revenue Fell as Legacy Loan Book Unwinds
Amigo Holdings PLC said Tuesday that it swung to a pretax loss for the first half of fiscal 2023 as revenue dropped, and said meetings with potential investors in relation to a capital raise are under way.
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Wise PLC 1H Pretax Profit Boosted by Interest Rates, Higher Revenue
Wise PLC on Tuesday reported a large rise in pretax profit for the first half of fiscal 2023 as it benefited from higher interest rates on customer accounts, and backed its full-year guidance.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
11-29-22 0454ET
