Pound Unmoved After Jobs Data; Latest Inflation Print in Focus
Pound Little Moved After UK Jobs Data as Traders Eye Inflation
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. (email@example.com)
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
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
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; firstname.lastname@example.org
(END) Dow Jones Newswires
August 16, 2022 03:20 ET (07:20 GMT)
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