London Market Insurers' Underperformance Looks Overdone1205 GMT - The underperformance of London-listed insurers is overdone and this provides a strong buying opportunity into Lancashire Holdings and Beazley for investors as well as an entry point for Conduit Re, Berenberg says in a note. ---ASOS Backs Guidance After Return to Profitability in 3QASOS confirmed its forecasts for the year after returning to profitability in the third quarter of fiscal 2023 in spite of lower revenue. ---GB Group Swung to a Pretax Loss in 2023 on Increased Operating ExpensesGB Group said Thursday that it swung to a pretax loss in fiscal 2023 despite revenue rising 15%. ---Praetura Growth VCT Targets GBP10 Million in London IPOPraetura Growth VCT said it was seeking to raise 10 million pounds ($12.7 million) through an initial public offering on the London Stock Exchange. "Economies may have to accept a sharp rise in unemployment before inflation rates return to the 2% target," they say.

Source: Wall Street Journal June 15, 2023 18:58 UTC