"The tax cut may lift output and inflation marginally, but it is no game-changer," Berenberg analyst Kallum Pickering said in a note. ---Tullow Oil Profit Plunges on Lower Oil Prices, ImpairmentTullow Oil said its pretax profit slumped on lower oil prices and impairments, while it backed its guidance for the year ahead. ---ConvaTec Lifts Midterm Guidance After Profit DoublesConvaTec Group said pretax profit in 2023 more than doubled and upgraded its medium-term revenue guidance supported by accelerating organic growth. ---Quilter Profit Rises on Improving Market ConditionsQuilter said pretax profit rose, supported by supportive markets into the year-end period, and raised its dividend payout. ---Rathbones Pretax Profit Slipped on Investec W&I Combination CostsRathbones Group posted a fall in pretax profit for 2023 on costs from its Investec Wealth & Investment combination.

Source: Wall Street Journal March 07, 2024 05:47 UTC