With inflation still high, the public is hurting, and pay rises help mitigate this, she notes. But they represent a "massive headache" for the BOE, whose likely rate-hikes will add to pressure on household budgets, she says. (joshua.kirby@wsj.com; @joshualeokirby)---CMC Markets' Shares Hit Three-Year Low After Cost Guidance, Slow Trading Activity0937 GMT - CMC Markets' slow start to fiscal 2024 and cost guidance driven by headcount might be taken badly by the market, Jefferies says in a note. The online trading platform posted results for fiscal 2023 with pretax profit slightly ahead of consensus but flagged lower client trading activity. Shares sink to their lowest price since late March 2020 at 162.2 pence, falling 4.4% by mid-morning.

Source: Wall Street Journal June 13, 2023 13:28 UTC