Sterling to Benefit if BOE Speeches Support Rate Rise Bets
1155 GMT - Sterling should benefit if remarks from Bank of England Governor Andrew Bailey and BOE chief economist Huw Pill later in the week support the market's recent upward revision to U.K. interest-rate rise expectations, Monex Europe says. Bailey speaks at the Cost of Living Crisis Conference in London on Wednesday while Pill delivers his views on the 2023 economic outlook on Thursday. "With expectations for two more [rate] hikes now priced in, markets will be looking for confirmation on this new more hawkish outlook," Monex forex analysts say in a note. "If this materialises it would likely provide support for sterling at around current levels." GBP/USD rises 0.3% to 1.1983 and EUR/GBP falls 0.1% to 0.8816. (renae.dyer@wsj.com)
Companies News:
DX (Group) Resumes Dividend After 1H Pretax Profit Rose
DX (Group) PLC said Monday that pretax profit rose for the first half of fiscal 2023, driven by new business wins, price increases and strong customer service levels, and that it is resuming dividend payments.
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Dechra Pharmaceuticals 1H Pretax Profit Fell on Costs Despite Revenue Rise
Dechra Pharmaceuticals PLC said Monday that pretax profit in the first half of fiscal 2023 fell on higher costs, despite a rise in revenue, and that it sees full-year underlying operating profit meeting the lower end of market views.
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Elixirr Sees 2022 Revenue, Earnings Rising; Hikes Dividend
Elixirr International PLC said Monday that it expects to report revenue and adjusted Ebitda for 2022 rose in line with market expectations, and significantly increased its final dividend.
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Hercules Site Services Raises GBP1.7 Mln to Support Labour Supply Unit Growth
Hercules Site Services PLC said Monday that it has raised 1.7 million pounds ($2 million) via a share placing and will use the money for working capital to support organic growth in its labour supply unit.
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Begbies Traynor Expects to Meet FY Views as 3Q in Line
Begbies Traynor Group PLC said Monday that third-quarter performance has been in line with the first half year and it continues to expect to meet market expectations for the full year.
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Bunzl 2022 Pretax Profit Rose But Missed Consensus; Backs 2023 Views
Bunzl PLC said Monday that 2022 pretax profit and revenue rose but missed consensus, and backed its guidance for 2023.
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Artemis Resources Shares Halted on ASX Pending Capital Raising
Artemis Resources Ltd. said Monday that trading in its shares has been suspended on the Australian Securities Exchange ahead of a planned capital raising.
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Fix Price Group 4Q Profit Rose on Increased Sales, Store Openings
Fix Price Group Ltd. said Monday that both fourth-quarter revenue and profit rose on increased store openings and higher sales.
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Capricorn Energy Overall 2022 Production Fell; Names New Acting CFO
Capricorn Energy PLC said Monday that its 2022 overall production slipped on lower gas production, and named Clare Mawdsley as acting chief financial officer.
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GlobalData 2022 Profit, Revenue Rose
GlobalData PLC said Monday that 2022 pretax profit rose as the company delivered on its near-term financial targets thanks to resilient nature of the business model.
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AB Foods Upgrades FY 2023 Views as Inflation Pressure Eases -- Update
Associated British Foods PLC said Monday that its fiscal 2023 expectations have improved as inflationary pressures are starting to ease.
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Senior 2022 Pretax Profit Fell on Stronger Comparatives
Senior PLC on Monday reported a fall in 2022 pretax profit after booking the proceeds from the sale of its Aerospace Connecticut business in the comparable period.
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UK Oil & Gas Installs Boreholes for Horse Hill Site, to Improve Earnings
UK Oil & Gas PLC said Monday that it has installed three groundwater monitoring boreholes at its planned Horse Hill-2z site in England, part of a program to improve the site's net earnings.
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CentralNic 2022 Revenue, Profit Jump as Market Share Gained
CentralNic Group PLC said Monday that pretax profit and revenue jumped in 2022 as organic growth accelerated amid market share gains.
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Forward Partners' Shares Fall on Lower 2022 Portfolio Valuation, Net Asset Value
Shares of Forward Partners Group PLC fell 9.1% in early trade on Monday after the company said it expects to report a fall in the value of its portfolio and net asset value for last year due to public market and macroeconomic pressures.
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Beeks Financial Cloud 1H Pretax Loss Widened on Higher Costs; FY 2023 in Line With Views
Beeks Financial Cloud Group PLC said Monday that its pretax loss widened in the first half of fiscal 2023 after it booked higher costs, and that it sees full-year results in line with expectations.
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Rambler Metals Applies for Creditor Protection, Agrees $5 Mln Loan
Rambler Metals & Mining PLC said Monday that it has applied for an initial order for creditor protection under the Companies' Creditors Arrangement Act, and entered a conditional agreement for a $5 million loan.
Market Talk:
Ocado Likely to Report Swing to FY 2022 Ebitda Loss
1056 GMT - Ocado Group is set to report its FY 2022 results on Tuesday amid market expectations of a swing to loss before interest, taxes, depreciation and amortization. The online grocer and retail-technology specialist is forecast to report an average negative Ebitda of GBP66 million, according to the company-provided market consensus. This compares with a positive Ebitda of GBP61 million reported a year earlier. Revenue is expected to come in at GBP2.54 billion, slightly above the GBP2.50 billion reported in the year that ended Nov. 28, 2021. The company previously said that it expected to finish FY 2022 with close to break-even earnings before interest, taxes, depreciation and amortization. (michael.susin@wsj.com)
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
02-27-23 0729ET
