{"id":65663,"date":"2026-07-30T07:38:11","date_gmt":"2026-07-30T11:38:11","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/boe-holds-rates-amid-inflation-concerns-bristol-myers-and-ferrari-lead-corporate-earnings-beats\/65663\/"},"modified":"2026-07-30T07:38:11","modified_gmt":"2026-07-30T11:38:11","slug":"boe-holds-rates-amid-inflation-concerns-bristol-myers-and-ferrari-lead-corporate-earnings-beats","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/boe-holds-rates-amid-inflation-concerns-bristol-myers-and-ferrari-lead-corporate-earnings-beats\/65663\/","title":{"rendered":"BoE Holds Rates Amid Inflation Concerns; Bristol Myers and Ferrari Lead Corporate Earnings Beats"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Bank of England (BoE) holds interest rates at 3.75%<\/strong> in a 6-3 split vote, warning that inflation is expected to peak at <strong>3.2% in Q4 2026<\/strong>.<\/li>\n<li><strong>Bristol Myers Squibb (<a href=\"\/stock\/BMY\">BMY<\/a>)<\/strong> shares surged after reporting a significant Q2 revenue beat of <strong>$12.97 billion<\/strong> and raising its full-year EPS guidance to a range of <strong>$6.75 to $7.00<\/strong>.<\/li>\n<li><strong>Ferrari (<a href=\"\/stock\/RACE\">RACE<\/a>)<\/strong> raised its full-year outlook following a strong Q2, with EBIT reaching <strong>\u20ac605 million<\/strong>, surpassing analyst estimates of \u20ac575.4 million.<\/li>\n<li><strong>Yum! Brands (<a href=\"\/stock\/YUM\">YUM<\/a>)<\/strong> posted mixed results as <strong>Taco Bell<\/strong> saw a <strong>7% jump<\/strong> in same-store sales, offsetting a <strong>1% decline<\/strong> at <strong>Pizza Hut<\/strong>.<\/li>\n<li><strong>The Hershey Company (<a href=\"\/stock\/HSY\">HSY<\/a>)<\/strong> delivered an earnings surprise with adjusted EPS of <strong>$1.90<\/strong>, well ahead of the <strong>$1.44<\/strong> consensus estimate.<\/li>\n<\/ul>\n<p>The <strong>Bank of England<\/strong> maintained its key interest rate at <strong>3.75%<\/strong> today, following a divided 6-3 vote by the Monetary Policy Committee. While the majority opted for a hold, members <strong>Greene, Mann, and Pill<\/strong> voted for a quarter-point hike, citing fears of &quot;material second-round effects&quot; regarding inflation. The Bank\u2019s central forecast now projects <strong>CPI to peak at 3.2%<\/strong> in the final quarter of 2026, with traders now pricing in <strong>39 basis points<\/strong> of further hikes by year-end.<\/p>\n<p><strong>Bristol Myers Squibb (<a href=\"\/stock\/BMY\">BMY<\/a>)<\/strong> delivered a standout performance in the pharmaceutical sector, reporting Q2 revenue of <strong>$12.97 billion<\/strong>, crushing the <strong>$11.74 billion<\/strong> estimate. The company significantly boosted its full-year revenue guidance to <strong>$49 billion\u2013$50 billion<\/strong> and raised growth expectations for its blockbuster drug <strong>Eliquis<\/strong> to <strong>20%-25%<\/strong>.<\/p>\n<p>In the luxury automotive space, <strong>Ferrari (<a href=\"\/stock\/RACE\">RACE<\/a>)<\/strong> continues to demonstrate pricing power and strong demand. The Italian automaker reported Q2 revenue of <strong>\u20ac1.94 billion<\/strong> and raised its full-year adjusted EBITDA guidance to <strong>at least \u20ac2.97 billion<\/strong>. Investors reacted positively to the beat in <strong>EBITDA (\u20ac755 million vs. \u20ac735.9 million estimated)<\/strong>, signaling continued momentum in the high-end vehicle market.<\/p>\n<p><strong>Yum! Brands (<a href=\"\/stock\/YUM\">YUM<\/a>)<\/strong> reported adjusted EPS of <strong>$1.62<\/strong>, beating the <strong>$1.57<\/strong> estimate, though total revenue of <strong>$9.17 billion<\/strong> slightly missed expectations. Performance was bifurcated across its portfolio; <strong>Taco Bell<\/strong> remained a powerhouse with <strong>7% comparable sales growth<\/strong>, while <strong>Pizza Hut<\/strong> struggled with a <strong>1% contraction<\/strong>. Worldwide system-wide sales grew by <strong>3%<\/strong>, narrowly edging out the <strong>2.89%<\/strong> forecast.<\/p>\n<p><strong>American Electric Power (<a href=\"\/stock\/AEP\">AEP<\/a>)<\/strong> and <strong>The Hershey Company (<a href=\"\/stock\/HSY\">HSY<\/a>)<\/strong> also updated the market with their latest figures. <strong>AEP<\/strong> raised its full-year operating EPS guidance to <strong>$6.25\u2013$6.55<\/strong> despite a Q2 earnings miss. Meanwhile, <strong>Hershey<\/strong> saw its net sales climb to <strong>$2.79 billion<\/strong>, prompting the confectioner to raise the lower end of its full-year net sales growth guidance to <strong>4.5%\u20135%<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Bank of England (BoE) holds interest rates at 3.75% in a 6-3 split vote, warning that inflation is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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