Pound Unable to Benefit From Rate Rises Due to Poor UK Outlook0755 GMT - Sterling hasn't benefited much from the Bank of England raising interest rates due to the poor U.K. economic growth outlook, Rabobank says. "There is a risk that aggressive rate rises now could accentuate downside growth risks in the medium-term and that this could further worry GBP investors," she says. ---Palace Capital Says it Will Focus on ESG Strategy, Will Dispose of Industrial PortfolioPalace Capital PLC said Monday that it is changing its strategy and will refocus to environmental, social, and governance-driven operations. Furthermore, AO World would need between GBP30 million and GBP50 million to keep the company on the road, according to The Times. (sabela.ojea@wsj.com; @sabelaojeaguix)Contact: London NewsPlus; paul.larkins@wsj.com(END) Dow Jones NewswiresJuly 04, 2022 04:41 ET (08:41 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal July 04, 2022 09:12 UTC