UK Labor Market Loosening Suggests Peak Interest Rates Are Near1130 GMT - A slight slackening in the U.K. labor market might not prevent the Bank of England from raising interest rates about 4.5%, but it does support the view that the peak is close and interest rates my be cut next year, according to Capital Economics chief U.K. economist Paul Dales. (edward.frankl@wsj.com)COMPANIES NEWS:Dechra Pharmaceuticals Sees FY 2023 Profit Below Market Views on Wholesaler DestockingDechra Pharmaceuticals said Monday that it expects to miss market expectations for operating profit for fiscal 2023 due to wholesaler destocking in the U.S. and U.K. hurting third-quarter results. ---Begbies Traynor Sees FY 2023 Revenue, Pretax Profit Ahead of ViewsBegbies Traynor Group said Monday that it expects fiscal 2023 results to come in slightly ahead of market expectations, and that it sees further growth ahead. (renae.dyer@wsj.com)---NatWest Gains After UK Government's Partial Stake Sale1040 GMT - NatWest Group shares rise 1.3% afer the U.K. government sold 1.26 billion pounds of shares in the U.K. bank, cutting its stake to around 38.6% from 41.4% previously. (philip.waller@wsj.com)Contact: London NewsPlus, Dow Jones Newswires;(END) Dow Jones NewswiresMay 22, 2023 08:06 ET (12:06 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal May 22, 2023 12:14 UTC