Friday preview: TBC Bank results, Huw Pill speech in focus
By Michele Maatouk
Date: Thursday 07 Aug 2025
(Sharecast News) - There isn't much due on the corporate front on Friday, but first-half results from Georgian bank TBC Bank and Renewables Infrastructure Group will be in focus.
Elsewhere, Bank of England chief economist Huw Pill will make a speech at the National MPC Agency Briefing. Pill is also executive director for monetary analysis and research at the BoE.
On Thursday, the BoE cut interest rates by 25 basis points to 4.0%, as widely expected.
This marked the fifth cut this year, leaving Bank Rate at its lowest level since March 2023.
The Monetary Policy Committee voted 5-4 to cut the rate. Andrew Bailey, Sarah Breeden, Swati Dhingra and Dave Ramsden voted in favour of the 25 basis rate cut, while Megan Greene, Clare Lombardelli, Catherine L Mann and Huw Pill opted for the rate to remain unchanged.
Alan Taylor initially voted for a cut to 3.75% but in order to secure a majority decision, a second round of voting was held and the Committee was asked to vote on either a 25bps cut or for the rate to remain at 4.25%. Taylor then voted for the quarter-point cut.
"A gradual and careful approach to the further withdrawal of monetary policy restraint remains appropriate," the Bank said.
"The restrictiveness of monetary policy has fallen as Bank Rate has been reduced. The timing and pace of future reductions in the restrictiveness of policy will depend on the extent to which underlying disinflationary pressures continue to ease. Monetary policy is not on a pre-set path, and the Committee will remain responsive to the accumulation of evidence."
The Bank also revised up its forecast for inflation, saying it now expects consumer price inflation to peak at 4.0% in September - having previously forecast a peak of 3.7% - before falling back thereafter towards the 2% target.
Friday 8 August
INTERIMS
TBC Bank Group, Stelrad Group, The Renewables Infrastructure Group Limited, IRISH RESIDENTIAL PROPERTIES REIT P IRISH RESIDENTIAL PROPERTIES ORD SHS
Q2
TBC Bank Group
AGMs
Tirupati Graphite
GMs
Huddled Group
FINAL DIVIDEND PAYMENT DATE
Sanderson Design Group, Next 15 Group, FirstGroup, NewRiver REIT, Caffyns, Blackfinch Spring VCT
INTERIM DIVIDEND PAYMENT DATE
Next 15 Group, Montanaro UK Smaller Companies Inv Trust, chroder UK Mid Cap Fund, Liontrust Asset Management
QUARTERLY PAYMENT DATE
Tufton Assets Limited Npv
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