BOE Rate Rise of More Than 25Bps Looks Unlikely
1238 GMT - The Bank of England is not expected to raise interest rates by more than 25 basis points and instead is likely to have one final 25bps rate increase in June, say Morgan Stanley Research analysts in a note. A bigger rate rise is unlikely due to concerns about the impact of high rates on the mortgage market, the analysts say. "The market is now looking for a terminal rate of above 5%, and we think the BOE is still mindful of the U.K. mortgage market vulnerabilities," they say, "With the Bank Rate already deeply in restrictive territory, small steps seem like the optimal plan." (miriam.mukuru@wsj.com)
COMPANIES NEWS:
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Intermediate Capital Group FY 2023 Pretax Profit, Revenue Beat Expectations
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UK Watchdog Clears Way for EDF Acquisition of GE Nuclear Operations
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Tate & Lyle Pretax Profit Jumped on Food & Beverage Solutions Growth
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Cineworld's Proposed Restructure Now Backed by Most Lenders
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London Stock Exchange Group CFO Anna Manz to Step Down
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Johnson Matthey FY 2023 Pretax Rose But Missed Consensus
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QinetiQ FY 2023 Pretax Profit Rose on Record Orders; Backs Current Year Outlook
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Workspace Group Swung to FY 2023 Loss on Valuation Declines; Revenue Rose
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Pets at Home FY 2023 Pretax Profit Fell on Investments, Costs
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Fevertree Drinks Reports Good Start to Year, Backs 2023 Guidance
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AJ Bell Sees FY 2023 Revenue Margin at 1H Levels After First-Half Earnings Rose
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Hill & Smith Confirms Alan Giddins Executive Chair for 12-18 Months; Updates Views
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Henry Boot Says 2023 Started Well; Currently Meeting Pretax Profit Market Views
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Sabre Insurance Four-Month Gross Written Premiums Slip; Backs 2023 Guidance
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Young & Co.'s Brewery FY 2023 Pretax Profit Fell on Impairment
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Capital & Regional Four-Month Footfall and Occupancy Rose
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Vanquis Banking Says 1Q Trading Was in Line With Its Views
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Headlam Shares Fall Amid Lower Volumes, Gross Margins Reduction In Jan-April
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S&U 1Q Motor Net Receivables Growth Slowed Down; Profit, Turnover Up
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Alliance Pharma Four-Month Sales Rose on Year, But Sees Full-Year FX Hit
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RA International Shares Fall on 2023 Earnings Guidance; 2022 Loss Narrowed
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Gamma Communications Appoints Martin Hellawell as New Chairman
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Scirocco Energy Extends Long-Stop Date for Ruvuma Sale
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Round Hill Music Royalty Fund 1Q Combined Net Publisher, Label Share Almost Doubled
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Destiny Pharma CEO Steps Down; Debra Barker Named as Interim Replacement
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Ocean Harvest Technology CFO to Leave in Early June; Andy Cox Named Interim CFO
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Pathfinder Minerals Shares Fall on Risk of Non-Completion of Disposal
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Pharos Energy Production in Four Months to April Fell; Backs Guidance
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Revolution Beauty Names Derek Zissman as Nonexecutive Chairman
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NAHL Group Confirms Guidance for 2023
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Cohort Sees FY 2023 Slightly Above Views, Continuing Demand in FY 2024
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Pets at Home Launches GBP50 Mln Buyback Program
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Belluscura to Raise up to GBP3.5 Mln to For Portable Oxygen Device Finalization, Launch
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From Abrdn to Jupiter: How ESG is bolstering boss bonuses among biggest fund groups -- Financial News
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Old Mutual 1Q Gross Written Premiums Rose
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05-25-23 0942ET
