Gilts Boosted By Signs of Moderation in Firms' Inflation Expectations
December 02 2022 - 6:32AM
Dow Jones News
UK Gilts Boosted By Signs of Moderation in Firms' Inflation
Expectations
1040 GMT - U.K. gilts rally, pushing yields lower, and Daiwa
Capital says they were given a further boost after the Bank of
England Decision Makers Panel data reported a moderation in firms'
inflation expectations on Thursday. "Results from the November BOE
Decision Maker Panel survey hinted at a modest improvement in
firms' inflation expectations since the MPC met at the start of
November," which caused gains in gilts, say analysts Chris Scicluna
and Emily Nicol in a note. U.K. 2-year gilt yields are down by
roughly 90 basis points since Thursday's open to last trade at
3.205%. Ten-year gilt yields are down by around 4 basis points on
the day at 3.073% according to Tradeweb.
(miriam.mukuru@wsj.com)
Companies News:
Wizz Air Passenger Numbers Rose Significantly on Year in
November
Wizz Air Holdings PLC said Friday that it carried significantly
more passengers in November on year.
---
Premier Miton FY 2022 Pretax Profit Fell as Assets Under
Management Declined
Premier Miton Group PLC on Friday reported a fall in its
full-year pretax profit as investors' reluctance to commit new
investments in an uncertain market hit its assets under management,
but said it has seen encouraging signs of recovery since the end of
the period.
---
Light Science Sees FY 2022 Revenue, Pretax Loss Missing Market
Views
Light Science Technologies Holdings PLC said Friday that it
expects to miss market forecasts for fiscal 2022 revenue and for
pretax loss to be wider than consensus expectations, as clients
face macroeconomic pressure.
---
MetalNRG Gets Shareholder Request to Call Meeting to Remove
Chairman, CEO
MetalNRG PLC said Friday it has received a request from
shareholder Edward Spencer to call a general meeting seeking the
removal of Chairman Christopher Latilla-Campbell and Chief
Executive Rolf Gerritsen.
---
Mind Gym 1H Pretax Profit, Revenue Rose on Favorable Currency
Effects
Mind Gym PLC said Friday that pretax profit and revenue rose in
the first half of fiscal 2023, boosted by favorable
foreign-exchange rates.
---
Goldplat Sells Remaining Shareholding in Caracal Gold
Goldplat PLC said Friday that it has sold its remaining shares
in Caracal Gold PLC for an undisclosed sum.
---
ScS Group CFO Chris Muir to Step Down
ScS Group PLC said on Friday that Chris Muir will be stepping
down as chief financial officer but will remain with the company to
work his 12-month notice.
---
ASOS Interim CFO Katy Mecklenburgh to Step Down, Become Softcat
CFO
ASOS PLC on Friday said its interim Chief Financial Officer Katy
Mecklenburgh will step down from the role to become Softcat PLC's
CFO after working her six-month notice.
---
HeiQ Acquires Chem-Tex Laboratories for $2.5 Mln in U.S.
Expansion
HeiQ PLC on Friday said it acquired North Carolina-based
specialty chemicals company Chem-Tex Laboratories for $2.5 million
as it seeks to expand in the U.S.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
December 02, 2022 06:17 ET (11:17 GMT)
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