BOE Likely to Raise Rates Further as Inflation Expected to
Persist, MPC's Mann Says
0924 GMT - The Bank of England's next move is more likely to be
to raise rates further than to cut or hold them as there are still
"material upside risks to our inflation outlook," Monetary Policy
Committee member Catherine L Mann says in a speech in Budapest. "We
need to stay the course, and in my view the next step in Bank Rate
is still more likely to be another hike than a cut or hold," she
says. Before switching course, Mann would like to see "a
significant and sustained deceleration in higher frequency price
increases and in the underlying inflation measures and expectations
towards inflation rates that are consistent with achieving the 2%
Diageo Launches Tender Offer to Increase Stake in East African
Diageo PLC said Monday that it has launched a partial tender
offer to increase its stake in East African Breweries PLC to up to
65% from the 50.03% currently owned through its subsidiary Diageo
Croda International Buys Solus Biotech for GBP232 Mln
Croda International PLC said Monday that it has agreed to buy
Solus Biotech from Solus Advanced Materials Co. for around 232
million pounds ($279.7 million) to expand its Asian manufacturing
Bonhill Gets InvestmentNews Offer, Ends Sales Process; Sees 2022
Bonhill Group PLC said Monday that it has concluded a formal
sales process and it has received an offer for InvestmentNews LLC,
and it expects 2022 revenue to fall.
88 Energy Raises A$17.5 Mln via Discounted Share Placing
88 Energy Ltd. said Monday that it has raised 17.5 million
Australian Dollars (US$12.1 million) via an oversubscribed share
placing and will use the money toward the planned Hickory-1 well at
Project Phoenix, expansion opportunities and for working
Seeen to Report Narrowed 2022 Loss Despite Revenue Fall; Secures
Seeen PLC said Monday that it expects to report narrowed
adjusted losses for 2022 despite a fall in revenue, and that it has
secured a new contract expected to generate $1 million a year.
Just Group Says Targets Remain Unchanged Under IFRS 17
Just Group PLC on Monday said that its growth targets, cashflows
and dividend policy remain unchanged under the IFRS 17 accounting
standards implemented on Jan. 1.
3i Infrastructure to Raise Funds to Partly Repay Debt, for
3i Infrastructure PLC said Monday that it is planning to raise
funds via a share placing and will use part of the money to repay a
debt facility and toward future investments.
B90 Holdings Sees 2022 Revenue of More Than $2.3 Mln; Raises
B90 Holdings PLC said Monday that it expects to report revenue
for 2022 of slightly more than 2.1 million euros ($2.3 million) and
a narrowed loss on year after the business continued to perform in
line with management expectations during the second half.
Cora Gold to Raise at Least $19.6 Mln to Develop Sanankoro Gold
Project in Mali
Cora Gold Ltd. said Monday that it plans to raise at least $19.6
million through an equity fundraising and convertible loan notes,
with the proceeds to be used toward the development of the
Sanankoro gold project in Mali.
EKF Diagnostics Sees 2022 Adjusted Ebitda Missing Market Views;
CEO Steps Down
EKF Diagnostics Holdings PLC said Monday that it expects to
report that 2022 adjusted earnings slightly missed market views,
and that Chief Executive Officer Mike Salter will step down
Engage XR to Raise up to GBP9.4 Mln via Share Placing,
Engage XR Holdings PLC said Monday that it is planning to raise
up to 9.4 million pounds ($11.3 million) via a share placing and
subscription and will use the money toward working capital and
general corporate purposes, and for sales and marketing.
Plant Health Care 2022 Ebitda Loss Narrowed on Higher
Plant Health Care PLC said Monday that its 2022 core earnings
loss narrowed as revenue rose on higher demand for its
Vast Resources Shares Fall on Discounted GBP2.4 Mln
Vast Resources PLC shares fell Monday after the company said it
has raised 2.4 million pounds ($2.9 million) through a placing and
subscription, to be used on its Romanian polymetallic mine.
Iofina Shares Rise on Expectations for 2022 Earnings Beating
Iofina PLC shares rose Monday after the iodine producer said it
expects to report 2022 earnings materially ahead of market views,
with revenue in line.
Hummingbird Resources' Shares Rise on 4Q Production Boost --
Shares of Hummingbird Resources PLC rose 11% on Monday after the
company reported a 67% rise in production over the last quarter of
2022 and said that it expects improved cash flow generation and a
stronger balance sheet this year. Here's what the AIM-listed mining
company had to say:
Sosandar Nonexecutive Chairman Bill Murray Dies
Sosandar PLC said Monday that Nonexecutive Chairman Bill Murray
died over the weekend.
Oracle Power Shares Drop on Discounted Share Placing
Shares in Oracle Power PLC fell 19% on Monday after the company
said it has raised 500,000 pounds ($602,800) via a discounted share
placing, with the proceeds to be used to support the development of
its green-hydrogen project in Pakistan.
Zamaz Shares Rise After Termination of Convertible Loan Note
Zamaz PLC shares rose Monday after it said it has terminated its
convertible loan note facility with Atlas Capital Markets through
Eqtec Expects to Meet 2022 Revenue Guidance
Eqtec PLC said Monday that it expects 2022 revenue to meet
Trellus Health Chairman Steps Down, Daniel Mahony Named
Trellus Health PLC said Monday that Nonexecutive Chairman Julian
Baines will stand down from the board with immediate effect, with
Senior Independent NonExecutive Director Daniel Mahony named
Greatland Gold Names New COO, Chief Development Officer
Greatland Gold PLC said Monday that it has appointed Simon
Tyrrell as chief operating officer and Jeremy Meynert as chief
Shanta Gold Names Michal Devine as New CFO, Honest Mrema as
Shanta Gold Ltd. on Monday said Michal Devine will become chief
financial officer on March 23 as Luke Leslie steps down from the
role to pursue other opportunities.
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(END) Dow Jones Newswires
February 06, 2023 04:42 ET (09:42 GMT)
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