BOE Expected to Leave Policy Unchanged Next Week
16 September 2021 - 6:06PM
Dow Jones News
BOE Expected to Leave Policy Unchanged Next Week
0735 GMT - The Bank of England is likely to leave monetary
policy unchanged next week despite a stronger labor market and
higher inflation, says RBC Capital Markets. The Canadian bank
adjusted its BOE call after the August meeting and is now
forecasting two interest rate rises in 2022, encompassing a 15
basis-point increase to 0.25% at the May 2022 meeting and a further
25 basis-point increase to 0.5% at the November 2022 meeting. "That
change was prompted by the rapid improvement in the labour market,"
analysts say. While the Monetary Policy Committee were still
relatively confident that goods price inflation would prove
temporary as mismatches between supply and demand issues ironed
themselves out, it was less certain the same was true of the labor
market, RBC says. (lorena.ruibal@wsj.com)
Companies News:
Ryanair Raises Five-Year Passenger Growth Forecast to 50%
Ryanair Holdings PLC on Thursday raised its five-year growth
forecast to 225 million passengers by March 2026.
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Philip Morris Offer for Vectura Becomes Unconditional After
Securing 75% Support
Philip Morris International Inc. said Thursday that its offer
for Vectura Group PLC has become unconditional in all respects,
after it secured support representing 74.77% of the U.K.
inhaled-medicines company's share capital.
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Ashtead Group 1Q Pretax Profit Rose; Raises Guidance
Ashtead Group PLC said Thursday that pretax profit rose as
revenue increased for the first quarter of fiscal 2022, and that
the board expects results for the full year to be ahead of its
earlier expectations.
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IG Group 1Q Revenue Rose 6% Driven by Tastytrade Acquisition
IG Group Holdings PLC said Thursday that its revenue grew in the
first quarter of the fiscal year, driven by the acquisition of
online brokerage Tastytrade.
---
Games Workshop Declares 25p Dividend; Sees Performance In
Line
Games Workshop Group PLC on Thursday declared a dividend of 25
pence (35 cents) a share and said performance in the three months
to Aug. 29 was in line with expectations.
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Galliford Try Holdings Swung to FY 2021 Pretax Profit
Galliford Try Holdings PLC on Thursday reported a swing to a
pretax profit for fiscal 2021 and said that it is well placed to
deliver growth.
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THG's 1H Pretax Loss Widened
THG PLC reported on Thursday a significantly widened pretax loss
for the first half of 2021 and said that the intended separation of
its key trading divisions remains ahead of schedule.
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
September 16, 2021 03:51 ET (07:51 GMT)
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