Sterling Could Fall Further as BOE May Have Reached Peak
0820 GMT - Sterling faces further weakness after the Bank of
England signalled Thursday that further interest-rate rises should
only be expected if inflationary pressures persist, Commerzbank
says. "A further rate hike in March is no longer that certain, and
it is possible that the BOE has already reached the end of the rate
hike cycle," Commerzbank currency analyst You-Na Park-Heger says in
a note. While the BOE left the door open to further rate rises, the
forex market would have liked to see a more decisive approach given
high uncertainty so it's hardly surprising that sterling fell, she
says. GBP/USD falls 0.3% to a two-and-a-half-week low of 1.2184 and
EUR/GBP rises 0.1% to 0.8932, according to
MGC Pharmaceuticals Secures $600,000 Funding; CFO Steps Down
MGC Pharmaceuticals Ltd. said Friday that a funding request of
$600,000 has been approved and that its chief financial officer has
Avation Expects to Report 1H Revenue Fall, With Airline Sector
Still Recovering From Pandemic
Avation PLC said Friday it expects to report a fall in revenue
for the first half of fiscal 2023, with the airline industry still
recovering from the coronavirus pandemic.
Focusrite Backs FY 2023 View After in Line Four-Month
Focusrite PLC said Friday that performance in the first four
months of fiscal 2023 has been in line with board expectations in
its content creation and audio-reproduction businesses and that it
continues to back its full-year view.
CMO Group Sees 2022 Ebitda Fall Amid Challenging Backdrop
CMO Group PLC said Friday that it expects to report that 2022
adjusted Ebitda fell amid challenging market conditions and despite
an improvement in sales.
Yellow Cake Increases Placing to $75 Mln as Investor Demand
Yellow Cake PLC said Friday that it increased the size of a
placing to around $75 million from $50 million due to strong
Petro Matad Raises $6.0 Mln via Discounted Share Placing
Petro Matad Ltd. said Friday that it has conditionally raised
$6.0 million via a discounted share placing and that it will use
the cash for funding its projects.
Nanoco Signs Agreements With Samsung for $150m Litigation
Nanoco Group PLC said Friday that it has secured a $150m
litigation settlement with Samsung on a no fault basis for the
alleged infringement of the group's intellectual property.
Thungela Resources to Acquire Controlling Interest in Australian
Thungela Resources Ltd. said Friday that it has agreed to
acquire a controlling shareholding in the Ensham coal mine, in
Australia, and related assets, along with Audley Energy Ltd. and
Mayfair Corporations Group Pty Ltd.
Brave Bison to Buy Social Chain for up to GBP17.2 Mln; Raise
Brave Bison Group PLC said Friday that it is buying social-media
and influencer marketing agency Social Chain Ltd. for up to 17.2
million pounds ($21 million), with the initial sum to be
part-funded via a share placing.
Itaconix Sees 2022 Revenue Ahead Of Views, Raises GBP10.3M Via
Itaconix PLC on Friday said it is confident on its outlook for
2023 and beyond as it sees revenue for 2022 come in ahead of views
and is strengthened by its conditional 10.3 million pounds ($12.6
million) raise via share placing.
Aquila European to Buy Back EUR20 Mln in Shares, Aims for 2023
Aquila European Renewables PLC said Friday that it has launched
a buyback program to boost the its share price, and that it has set
its 2023 dividend growth guidance.
LPA Group Swung to FY 2022 Pretax Profit After Record Year for
LED Tube Product
LPA Group PLC said Friday that it swung to fiscal 2022 pretax
profit after revenue rose and it booked a record year for its new
LED tube product with significant orders.
Etalon 4Q New Sales, Cash Collection Fell
Etalon Group PLC said Friday that new sales fell in the fourth
quarter of 2022, with cash collection also decreasing.
Resolute Mining Names Chris Eger As New CFO
Resolute Mining Ltd. on Friday appointed Chris Eger as its new
chief financial officer replacing Doug Warden.
Nanoco Group Sees Narrower FY 2023 Adjusted Ebitda Loss Amid
Nanoco Group PLC said Friday that it now sees a narrower
adjusted loss before interest, taxes, depreciation and amortization
for fiscal 2023 after positive momentum in the first half.
TomTom Shares Rise on Narrowed 4Q Net Loss, Higher Revenue
Shares in TomTom NV rose 9% in early trade Friday after the
company reported a narrowed net loss for the fourth quarter of the
year on revenue that was boosted by its biggest location technology
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(END) Dow Jones Newswires
February 03, 2023 03:43 ET (08:43 GMT)
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