Pound Little Moved After UK Jobs Data as Traders Eye Inflation Data

0659 GMT - Sterling is little moved after the latest U.K. employment data as markets look ahead to Wednesday's key inflation data, Silicon Valley Bank says. "The employment reading indicates a robust jobs market and will provide the Bank of England further reason to continue on its current trajectory for a higher interest rate environment," Silicon's Sam Cooper writes. The U.K. unemployment rate was little changed at 3.8% in the three months to June while the number of people in employment increased 160,000 over the quarter and average earnings excluding bonuses rose 4.7% following 4.4% growth in the previous quarter, according to the Office for National Statistics. GBP/USD last trades at 1.2049 and EUR/GBP is at 0.8431. (renae.dyer@wsj.com)

Companies News: 

AstraZeneca's Lynparza Supplemental New Drug Application Granted Priority Review by FDA

AstraZeneca PLC said Tuesday that its supplemental new drug application, or sNDA, for its cancer treatment, Lynparza in combination with abiraterone, has been granted a priority review by the U.S. Food and Drug Administration.


Abrdn Sells GBP225M Shareholding in HDFC Asset Management

abrdn PLC said Tuesday that it has sold 12.8 million shares in HDFC Asset Management Co. for 225 million pounds ($271.2 million), with the proceeds to be used for general corporate purposes.


Sage Group to Buy Lockstep for Undisclosed Sum to Drive Growth

Sage Group PLC said Tuesday that it has agreed to buy cloud accounting technology provider Lockstep for an undisclosed amount to accelerate the growth strategy.


Watches of Switzerland 1Q Revenue Rose Amid Luxury Demand; Backs FY 2023 Views

Watches of Switzerland Group PLC said Tuesday that its performance for the first quarter of fiscal 2023 was robust as demand for luxury products continues to increase, and reiterated its previous guidance.


Ted Baker Agrees to $254.3 Mln Takeover by Reebok Owner Authentic Brands

Ted Baker PLC said Tuesday that it has agreed to a 211 million pound ($254.3 million) final cash offer from Juicy Couture, Reebok and David Beckham brand owner Authentic Brands Group LLC.


Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswires

August 16, 2022 03:20 ET (07:20 GMT)

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