Sterling Falls After Worse-Than-Forecast UK Retail Sales Data0702 GMT - Sterling falls after official data showed U.K. retail sales fell by a worse-than-expected 1.6% month-on-month in August. "Another significant drop in U.K. retail sales this morning signals that, despite narrowly avoiding recession, the U.K. economy is being hit hard by the worsening cost-of-living crisis, as businesses are now starting to implement necessary price increases in response to extreme margin challenges," Simon-Kucher & Partners partner Rosalind Hunter writes. ---Drumz 1H Pretax Loss Narrowed; Seeks Potential AcquisitionsDrumz PLC said Friday that pretax loss for the first half of 2022 narrowed amid higher revenue and lower losses on investments. ---Roquefort Therapeutics Names New CEO, Chief Scientific OfficerRoquefort Therapeutics PLC on Friday said it appointed Trevor Ajanthan Reginald as chief executive officer. Market Talk:UK Retail Sales Could Improve Once Government Support Kicks in0701 GMT - August's 1.6% decline in U.K. retail sales volumes isn't likely to be reversed soon as the cost-of-living crisis hits harder in the coming months, Capital Economics assistant economist Olivia Cross says in a note.

Source: Wall Street Journal September 16, 2022 19:28 UTC