Sterling Stands to Benefit From Higher Rates1246 GMT - Sterling stands to benefit as the Bank of England looks set to raise interest rates further, Ebury says. "Our bullish view of sterling rests on this prospect, as well as the resiliency of U.K. domestic demand," he says. "Most signs point to only relatively modest growth in the U.K. this year, though this is far better than previously anticipated, and growth forecasts continue to be revised higher." ---Likewise Revenue Growth Continues in Line With Market ExpectationsLikewise said Tuesday that its businesses in both residential and commercial flooring have continued to experience revenue growth since its mid-May update, and that it is performing in line with current market expectations. ---SpaceandPeople Swung to 2022 Pretax Loss on Higher Costs; Began 2023 StronglySpaceandPeople said Tuesday that it swung to a 2022 pretax loss after booking higher costs, but has started 2023 in a strong position.

Source: Wall Street Journal May 30, 2023 13:14 UTC