Daily Bulletin – Friday 26 August 2022
The market is seen opening a little stronger this morning, up around 20-30 points following the gains posted in the US yesterday, and ahead of Jerome Powell's speech at 14:00. Traders are also hoping for some additional clues on the Fed's stance, as expectations on the next expected rate hike still range between 50-75bps.
Ofgem announces it has updated its price cap level to £3,549/year for dual fuel for an average household from 1 October and states the market for gas in the winter means prices could get significantly worse through 2023.
The SEC votes to adopt new rules that require listed companies to disclose how the pay of their senior executives relates to overall company performance.
Shipping giants AP Moeller Maersk and China International Marine Containers announce they have now abandoned their planned merger, citing significant regulatory challenges.
Carlsberg warns it may need to cut, or even halt, production in a subsidiary in Poland because of a lack of carbon dioxide deliveries, as the food industry in general continues to struggle to find supplies used for refrigeration.