Pound Pares Losses Vs Dollar, Rises Vs Euro After UK Mini-Budget0932 GMT - Sterling pares its losses versus the dollar and turns higher against the euro after U.K. Treasury chief Kwasi Kwarteng confirmed a costly cap on increases in energy prices and announced sweeping tax cuts in his mini-budget statement Friday. (renae.dyer@wsj.com)Companies News:Smiths Group FY 2022 Pretax Profit Fell on Higher Costs, Missed ConsensusSmiths Group PLC said Friday that pretax profit for fiscal 2022 fell after booking higher costs, missing consensus, and that strong order books and its leading market positions support sustained momentum. ---TheWorks.co.uk Swung to FY 2022 Pretax Profit; Backs FY 2023 GuidanceTheWorks.co.uk PLC said Friday that it swung to a fiscal 2022 pretax profit as revenue rose significantly, while leaving its fiscal 2023 guidance unchanged, and that it reintroduced dividends. ---Colefax Launches Buyback Program of Up to GBP5.4 MlnColefax Group PLC said Friday that it is launching a share buyback program of up to 5.4 million pounds ($6.1 million). ---ScS Group Names John Walden as Nonexecutive Chairman DesignateScS Group PLC said Friday that John Walden has been appointed the group's nonexecutive chairman designate.

Source: Wall Street Journal September 23, 2022 23:02 UTC