Omicron Rattles Interest-Rate Expectations; More Chance BOE Will Hold
November 29 2021 - 4:55AM
Dow Jones News
Omicron Rattles Interest-Rate Expectations
0922 GMT - The discovery of the omicron Covid-19 mutation last
week has upended market pricing of future interest rates globally.
Fears that the new variant may derail the nascent economic recovery
as governments reimpose social restrictions and travel bans have
prompted investors to cut risk and piled back into safe assets,
including U.K. government bonds. The setback from the new virus
strain has increased the chance that Bank of England policymakers
may hold interest rates in December. "Market participants will now
have to be prepared for a substantially wider range of possible
outcomes," UniCredit analysts say. The BOE's policy decision is due
on Dec. 16. The 10-year gilt yield trades last at 0.846%, after
closing last Friday at 0.815%, the lowest level since Sept. 2021,
according to Tradeweb. (lorena.ruibal@wsj.com)
Companies News:
Hammerson in Talks to Sell Silverburn Shopping Center for GBP140
Mln
Hammerson PLC said Monday it is in talks to potentially sell
Silverburn, its flagship shopping center near Glasgow, for around
140 million pounds ($186.7 million).
---
A.G. Barr Sees FY 2022 Pretax Profit, Revenue Ahead of Market
Expectations
A.G. Barr PLC said Monday that the positive performance it first
disclosed in September has continued and it now expects revenue and
pretax profit for fiscal 2022 to exceed market expectations.
---
U.K. Watchdog Refers CHC/Babcock International Deal for Further
Review
The U.K. Competition and Markets Authority said Monday that it
will refer CHC Group LLC's acquisition of Babcock International
Group PLC's oil-and-gas offshore helicopter business for a further
review after CHC said that it won't offer any solution to address
the regulator's competition concerns.
---
Grafton's Traditional Merchanting Business Sale Raises
Competition Concerns, UK Watchdog Says
The U.K. Competition and Markets Authority said Monday that
Grafton Group PLC's planned sale of its traditional merchanting
business in Great Britain to Huws Gray could create competition
issues and that it will refer the deal for a further review unless
the parties offer an acceptable undertaking to address its
concerns.
---
Gresham House Strategic Proposes Wind-Down; Initial GBP25 Mln
Capital Return
Gresham House Strategic PLC said Monday that it has recommended
proposals for a managed wind-down of the company, and proposed an
initial return of capital of up to 25 million pounds ($33.3
million).
---
Amigo Holdings Proposes New Scheme Involving Dilutive Equity
Raise, Lending Restart
Amigo Holdings PLC said Monday that it has proposed a scheme to
address the complaints liability which involves an equity raise
that is likely to result in material dilution for existing
shareholders.
---
Benchmark Holdings Raises GBP20.7 Mln Via Share Issue
Benchmark Holdings PLC said Monday that it has raised 20.7
million pounds ($27.6 million) via a share issue to fund its growth
initiatives.
---
Constellation Automotive Launches GBP322.9 Mln Takeover for
Marshall Motor
Constellation Automotive Holdings Ltd. on Monday launched a
322.9 million-pound ($430.7 million) takeover for Marshall Motor
Holdings PLC.
---
Dev Clever Sees FY 2021 Earnings 'Materially Ahead' of
Expectations
Dev Clever Holdings PLC said Monday that it expects to report
adjusted earnings before interest, taxes, depreciation and
amortization materially ahead of management expectations for the
year ended Oct. 31.
---
Hummingbird Shares Dive as Gold Mine in Mali Is Shut Due to
Security Issues
Shares in Hummingbird Resources PLC fell in early trading Monday
after it warned that its Yanfolila gold mine in Mali has been taken
offline due to security issues, and that as a result, full-year
production will be below the bottom end of the guidance range.
---
Seplat Energy in Talks to Buy Exxon Mobil's Nigerian Shallow
Water Business
Seplat Energy PLC said Monday that it is in talks with a partner
to buy Exxon Mobil Corp.'s Nigerian shallow water business.
Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka
Halas at sarka.halas@wsj.com
(END) Dow Jones Newswires
November 29, 2021 04:40 ET (09:40 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
FTSE 100
Index Chart
From Aug 2024 to Sep 2024
FTSE 100
Index Chart
From Sep 2023 to Sep 2024