Markets Price in Steep UK Interest Rate Rises

0822 GMT - Markets are pricing in a steep pace of interest rate rises in the U.K., which could intensify further after Wednesday's inflation data, says Deutsche Bank. "Markets are now pricing in a move in the bank rate up to around 0.45% by the December meeting ... and up to around 0.95% by the June meeting," analysts at the bank say. They add there are around 15-30 basis points more priced in across the next several meetings from Friday's close. Tomorrow's consumer price index data "will likely be the calm before the storm given favourable base effects and with other pipeline inflation items yet to feed into the data," they say. (lorena.ruibal@wsj.com)

 
Companies News: 

BHP First-Quarter Iron Ore, Copper Output Falls

BHP Group Ltd. produced less iron ore, copper and steelmaking coal in its first fiscal quarter mostly because of planned maintenance work at its operations.

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Centamin Reports Higher 3Q Revenue, Backs 2021 Guidance

Centamin PLC on Tuesday reported higher revenue for the third quarter and reaffirmed full-year production and cost guidance.

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UK Govt to Investigate Parker Hannifin's $8.65 Bln Planned Takeover of Meggitt

The U.K. Government said late Monday that it was investigating Parker Hannifin Corp.'s planned 6.3 billion pound ($8.65 billion) takeover of Meggitt PLC on national security grounds.

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Hochschild to Demerge 80% Stake in Aclara Rare Earths Project

Hochschild Mining PLC said Tuesday that it intends to demerge a majority stake in its Aclara rare earths project in Chile ahead of its listing on the Toronto Stock Exchange.

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Bellway FY 2021 Pretax Profit Rose Significantly; FY 2022 Has Begun Well

Bellway PLC said Tuesday that its pretax profit more than doubled in fiscal 2021 and that the new year began well.

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888 Holdings Says 3Q Revenue Rose 7% to $230 Mln

888 Holdings PLC on Tuesday reported a 7% increase in revenue for the third quarter of the financial year.

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Wise PLC 2Q Revenue, Transaction Volumes Rose

Wise PLC said Tuesday that revenue and transaction volumes grew significantly in the second quarter of fiscal 2022, in line with its forecasts, and that it expects to continue performing in line with guidance.

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IntegraFin Funds Under Direction Rose in 4Q

IntegraFin Holdings PLC said Tuesday that funds under direction increased in the fourth quarter of fiscal 2021 compared with the year-earlier quarter.

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Moneysupermarket.com Says 3Q Revenue Fell 10% But Backs 2021 Ebitda Guidance

Moneysupermarket.com Group PLC on Tuesday reported a 10% fall in third-quarter revenue but said it still expects to meet Ebitda market expectations for the year.

Market Talk: 

Bellway Is In Good Shape, But Hurdles Loom

0815 GMT - Shares in Bellway rise 3% after the U.K. house-builder reported higher full-year profit. Trading firm eToro says the company is in good shape, with strong demand helping to boost profit, revenue, margins and cash. "However, one of the key drivers of market demand of the past year--the government's stamp-duty holiday--has now ended, which may have a knock-on effect for transaction numbers in the medium-term," eToro analyst Adam Vettese says. "While that hasn't happened yet, we're seeing supply and labor shortages lead to slower production and rising costs for housebuilders. For now, those added costs are being absorbed by rising house prices, but prolonged shortages and an extended period of lower demand could eventually act as a drag." (philip.waller@wsj.com)

 

Contact: London NewsPlus, paul.larkins@wsj.com

(END) Dow Jones Newswires

October 19, 2021 04:40 ET (08:40 GMT)

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