Sterling Falls on Weak UK GDP Data - News Summed Up

Sterling Falls on Weak UK GDP Data


Sterling Falls After Weak UK GDP Data0659 GMT - Sterling falls after data showed the U.K. economy unexpectedly contracted in April compared to a month ago. "GDP will remain weak over the coming quarters and a recession can't be ruled out," Capital Economics economist Paul Dales says in a note. ---Gateley Sees FY 2022 Revenue, Pretax Profit Ahead of Market ViewsGateley (Holdings) PLC said Monday that revenue and pretax profit for fiscal 2022 are expected to be above market expectations as recruitment returns to normal levels. ---Somero Sees 2022 Revenue, Profit, in Line With ViewsSomero Enterprises Inc. said Monday that it currently expects revenue, profit and cash generation to be in-line with its 2022 guidance as the non-residential construction market remained positive. ---Aptamer Group CFO ResignsAptamer Group PLC said Monday that Chief Financial Officer Eleanor Brown has resigned with immediate effect for personal reasons.


Source: Wall Street Journal June 13, 2022 09:09 UTC



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