Sterling Could Fall Further Vs Euro on ECB-BOE Divergence
0958 GMT - Sterling has scope to weaken further against the euro as the European Central Bank could tighten monetary policy more than the Bank of England next year, MUFG Bank says. Sterling remains the third worst performing G10 currency in 2022 to date, MUFG analyst Derek Halpenny says in a note. The euro, on the other hand, is close to the top of the G10 performance table in the year-to-date with only the dollar and Swiss franc outperforming the euro, he says. "That's quite a stat when you consider the war in Ukraine and recession the eurozone is now probably in." EUR/GBP rises to a five-week high of 0.8798, according to FactSet. (renae.dyer@wsj.com)
Companies News:
Made.com Board Proposes Voluntary Liquidation
Made.com Group PLC said Thursday that the board has proposed formally winding the company up via a members voluntary liquidation, or MVL.
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LPA Appoints Stuart Stanyard as CFO
LPA Group PLC said Thursday that it has appointed Stuart Stanyard as chief financial officer.
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WANdisco Sees FY 2022 Revenue Ahead of Market Views After Getting $12.7 Mln Contract
WANdisco PLC said Thursday that it expects to report revenue for fiscal 2022 ahead of market expectations after it signed an agreement for a $12.7 million contract.
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Character Group FY 2022 Pretax Profit Fell; Shares Slide
Shares of Character Group PLC fell Thursday after the company reported that pretax profit for fiscal 2022 fell on higher costs and that performance in the first half of fiscal 2023 has been affected by challenging conditions.
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I3 Energy Sees Rise in 2023 Production, to Increase Dividend
i3 Energy PLC said Thursday that it expects average production in 2023 to rise around 10% to 13%, and that it will increase its dividend.
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Avation Sells Two Aircraft
Avation PLC said Thursday that it has completed the sale of two aircraft that were previously leased to Loganair.
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NWF Group Saw Strong 1H; To Buy Sweetfuels for GBP14.3 Mln
NWF Group PLC said Thursday that it has seen a strong first half of fiscal 2023, and that it is buying Sweetfuels Ltd. for a total of 14.3 million pounds ($17.3 million) in cash.
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TruFin Rejects GBP26 Mln Offer for Oxygen Finance; Shares Rise
Shares in TruFin PLC rose on Thursday after the company said that it rejected an indicative offer for its subsidiary Oxygen Finance Ltd.
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Bens Creek to Sell Highwall Miner Machine for $3.6 Mln
Bens Creek Group PLC said Thursday that it plans to sell its highwall miner machine to Civil LLC for $3.6 million.
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Journeo Agrees to Buy IGL Ltd. for Around GBP8.7 Mln; Funds to Be Raised via Placing
Journeo PLC said Thursday that it has conditionally agreed to buy the entire issued share capital of IGL Ltd. for around 8.7 million pounds ($10.5 million), and that it will finance this primarily via a discounted placing, a subscription, and a retail offer.
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Yourgene Health Raises Around GBP6.4 Mln, Beating Target
Yourgene Health PLC said Thursday it had raised around 6.4 million pounds ($7.7 million) via a discounted share placing and a subscription, beating its original estimate, and that it will use this to fund the group's cost restructuring.
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Pipehawk Says QM Systems FY 2023 Orders Strong
Pipehawk PLC said Thursday that orders for its QM Systems subsidiary have remained strong throughout fiscal 2023 to date, and it has made progress on several contract.
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DiscoverIE Buys Magnasphere for $22 Mln
DiscoverIE Group PLC said Thursday that it has bought Magnasphere Corp., a U.S.-based designer and manufacturer of magnetic sensors and switches for industrial electronic applications, for $22 million.
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DG Innovate Cuts Stake In Spreadex to 4%
DG Innovate PLC said Thursday that it has lowered its stake in gambling company Spreadex Ltd. to 4.23% from 12.19%.
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Impellam Declares Special Dividend
Impellam Group PLC said Thursday that it is declaring special interim dividend of 55.4 pence per ordinary share after experiencing continued strong trading.
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Corcel Resolution to Reelect Kristian Ainsworth as Director Passes With Low Support
Corcel PLC said Thursday that the resolution to reelect Kristian Ainsworth as a director of the company passed with a low vote count at the annual general meeting.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
12-22-22 0706ET
