UK Retail Sales Proved Bright Spot Amid Inflation Pain1151 GMT - U.K. retail-sales figures for April are modestly positive news, emerging from a difficult winter amid improving consumer confidence, but there is pain to come with inflation still high and likely rising interest rates, HSBC senior economist Chris Hare says in a note. ---Pelatro Sees Revenue Increase in 2023Pelatro said Friday that is expects revenue in 2023 to rise thanks to an increase in customers wins after a disappointing 2022 when revenue fell 26%. ---Actual Experience Appoints Iain McCready as CEOActual Experience said Friday that it has appointed Iain McCready as chief executive officer. ---Helios Underwriting 2022 Pretax Loss Widened; Is Confident in Market OutlookHelios Underwriting on Friday said its pretax loss widened in 2022 despite a significant increase in gross premiums written and said its prospects for underwriting profitability are much improved. ---Hurricane Energy 2022 Pretax Profit Soared On Higher Oil PricesHurricane Energy said Friday that its 2022 pretax profit jumped on revenue growth thanks to high oil prices, which offset lower production.

Source: Wall Street Journal May 26, 2023 13:05 UTC