Sterling Rises Vs Dollar After Fed Minutes, UK Data
1014 GMT - Sterling rises to a three-month high against the dollar after Wednesday's Federal Reserve meeting minutes signalled a slowdown in policy tightening and U.K. purchasing managers' index data beat expectations, Ebury says. The dollar falls after the Fed's minutes on Wednesday showed most Fed members expect the pace of interest rate rises to slow soon, Ebury strategist Matthew Ryan says in a note. "This, combined with stronger-than=expected U.K. macroeconomic data gave sterling a leg up." While U.K. PMI data continued to show a contraction in manufacturing and services activity, it was "far from levels that would suggest a deep downturn is in the offing," Ryan says. GBP/USD rises 0.4% to 1.2109, having earlier hit 1.2114, according to FactSet. ([email protected])
Kingfisher Cuts FY 2023 Profit Views Amid Higher Investments
Kingfisher PLC said Thursday that profit for fiscal 2023 is expected to be lower than previously guided as the company increased investments and expenses.
Intertek Revenue Rose in 2H to Date; Sees 2022 Earnings Growth
Intertek Group PLC said Thursday that it is on track to deliver its full-year targets after booking 8.5% revenue growth at constant currency in the period from July to the end of October.
Dr. Martens 1H Pretax Profit Fell on Higher Costs; Boosts Dividend
Dr. Martens PLC said Thursday that pretax profit for the first half of fiscal 2023 fell amid higher costs, but increased its dividend payout to reflect its confidence in the future of the business.
Hornby 1H Loss Widened But Flags Strong Order Book
Hornby PLC said Thursday that its first-half loss widened, as it refrained from giving a full-year outlook ahead of the busy Christmas period.
TClarke Sees 2022 Revenue Below Expectations Despite Strong 2H to Date
TClarke PLC said Thursday that trading for the second half of the year to date has been strong, but revenue for the year will be less than previously planned, with 40 million pounds ($48.2 million) of that expected to be booked next year.
Mothercare 1H Pretax Profit Fell Amid Challenging Backdrop; Appoints New CEO
Mothercare PLC said Thursday that pretax profit for first half of fiscal 2023 fell dragged by lower sales and higher costs amid a challenging backdrop across its markets, and that Daniel Le Vesconte will be the company's new chief executive.
Safestore Holdings FY 2022 Earnings Rose; 4Q Revenue Increased
Safestore Holdings PLC said Thursday that it expects fiscal 2022 earnings to rise as it benefited from strong growth in U.K. revenue and good performances in other markets.
Jet2 Swung to 1H Profit on Strong Demand; Expects to Beat FY 2023 Market Views
Jet2 PLC said Thursday that it swung to a pretax profit in the first half of fiscal 2023 on a strong return of demand, and expects to exceed full-year market expectations.
MacFarlane Group Year to Date Revenue Up 11%; To Meet Full-Year Expectations
MacFarlane Group PLC said Thursday that revenue for the year to date is up by 11%, and that it expects full-year earnings to be higher than last year and to meet expectations.
PayPoint Upbeat on FY 2023, Declares Interim Dividend as 1H Revenue Rose
PayPoint PLC said it is confident for the remainder of the fiscal year and will pay a higher dividend, as first-half revenue grew across divisions.
Michelmersh Sees 2022 Beating Market Views; Kicks off GBP3 Mln Buyback
Michelmersh Brick Holdings PLC shares rose Thursday after it said that performance continued to be positive in the final quarter of 2022 and that it expects to beat full-year market views, and declared a share buyback of up to 3.0 million pound ($3.6 million).
Ince Group Raises GBP4.7 Mln via Placing, Retail Offer; More Than Planned
Ince Group PLC said Thursday that it has raised 4.7 million pounds ($5.7 million) via the share placing and retail offer first announced late on Wednesday, slightly more than planned.
XPS Pensions 1H Pretax Profit Fell; Sees FY 2023 Ahead of Views
XPS Pensions Group PLC said Thursday that it is confident its fiscal 2023 performance will be ahead of expectations, and that first-half pretax profit fell on higher costs despite a robust rise in revenue.
Morses Club Swung to 1H Loss as Redress Claims Weigh
Morses Club PLC said Thursday that it swung to a pretax loss in its first half, as it continued to flag uncertainty over its viability as a going concern amid customer redress claims.
Gateley (Holdings) 1H Revenue, Underlying Adjusted Pretax Profit Rose
Gateley (Holdings) PLC said Thursday that performance for the first half of fiscal 2023 has been robust, backed on increased sales business resilience despite the macroeconomic backdrop.
Gateley's 1H Seen as Reasonable, But Suggests Struggle With Costs
1021 GMT - Gateley's brief update suggests a reasonable performance in 1H, but the company's earnings are typically weighted toward 2H, Shore Capital Jamie Murray says in a research note as shares rise 1.7%. The legal and professional services group's 1H revenue and adjusted pretax profit represents 47.6% and 39.0% of Shore's forecast for FY 2023, respectively, the analyst says. "Revenue appears to be in line with our numbers, but adjusted pretax profit is slightly below which indicates the group is struggling to contain its costs effectively," Murray adds. Shore has a hold rating on the stock. ([email protected])
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(END) Dow Jones Newswires
November 24, 2022 05:40 ET (10:40 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.