FTSE Gains, Pound to Fall Vs Dollar if Fed Accelerates Tapering, BOE Delays Rate Rise
Pound to Fall Vs Dollar if Fed Accelerates Tapering, BOE Delays
Sterling could weaken against the dollar if the Federal Reserve
accelerates its tapering of asset purchases and the Bank of England
delays raising interest rates this month, MUFG Bank says. In that
case "the timing of the gap between the first Fed and BOE and rate
hikes could be a lot shorter than expected and keeps risks tilted
to the downside for [GBP/USD] in the near-term," MUFG's Lee Hardman
says. Fed policymakers have signalled a faster withdrawal of asset
purchases at the December 14-15 meeting despite the emergence of
the Omicron coronavirus variant, while BOE policymaker Michael
Saunders on Friday said there could be advantages to assessing the
variant's impact before raising rates.
Distribution Finance Sees 2021 In Line; Expects Run-Rate Profit
Distribution Finance Capital Holdings PLC said Monday that it
expects to meet its expectations for the full year and to achieve
run-rate profitability in the first quarter of the year.
Victrex FY 2021 Pretax Profit, Revenue Rose
Victrex PLC said Monday that pretax profit and revenue increased
for fiscal 2021 as sales volumes rose 25% thanks to improving end
GCP Student Living Takeover By Scape Living Won't Be Probed
Further by UK Regulator
A U.K. regulator said Monday that it has decided not to refer
the acquisition of elements of GCP Student Living PLC by Scape
Living PLC and iQSA Holdco PLC for a phase-two investigation.
Clarkson to Beat 2021 Market Expectations After Strong 2H
Clarkson PLC said Monday that it expects to report earnings for
2021 above market forecasts after a strong performance in the
second half of the year.
Versarien 1H Pretax Loss Narrowed on Higher Revenue
Versarien PLC said Monday that its pretax loss for the first
half of fiscal 2022 narrowed as revenue increased.
Fusion Antibodies 1H Pretax Loss Widened, Revenue Rose
Fusion Antibodies PLC said Monday that its pretax loss widened
for the first half of fiscal 2022 despite increased revenue, and it
expects its full-year revenue to meet expectations.
Cellular Goods Appoints New CEO
Cellular Goods PLC said Monday that it has appointed Anna
Chokina as its new chief executive officer.
Thungela Sees 2021 Export Coal Production in Line With
Thungela Resources Ltd. said Monday that it expects export
saleable production of 14.9 million metric tons of coal in 2021, in
line with the latest guidance.
Fulham Shore Swung to 1H Pretax Profit; Sees FY22 Ahead of
Fulham Shore PLC on Monday reported a swing to pretax profit for
the first half of fiscal 2022 boosted by higher revenue and said it
expects its full-year performance to be ahead of market
Hardide FY 2021 Pretax Loss Widened; Sees Improved Performance
in FY 2022
Hardide PLC on Monday reported a widened pretax loss for fiscal
2021 on lower revenue, but said it expects its performance to
improve next fiscal year as demand recovers.
Hammerson to Buyback Around GBP2.5 Mln of Shares
Hammerson PLC said Monday that it will start a share repurchase
program, rebuying shares worth up to around an implied 2.5 million
pounds ($3.3 million).
Apax Global Alpha Funds to Sell Stakes in Unilabs
Apax Global Alpha Ltd. said Monday that two funds that it
advises have agreed to sell their stakes in Unilabs to AP Moller
Holding, with the transaction expected to close in the first
quarter of 2022.
3i Infrastructure Invests GBP191 Mln in SRL Traffic Systems for
3i Infrastructure PLC said Monday that it has invested 191
million pounds ($252.8 million) for a 92% stake in SRL Traffic
Systems, a traffic-management rental company in the U.K.
AG Barr Acquires 60% of MOMA Foods, Plans Full Control Within
AG Barr PLC said Monday that it has taken a 60% equity stake in
MOMA Foods Ltd. and plans to take full ownership of the company
over the next three years.
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(END) Dow Jones Newswires
December 06, 2021 04:12 ET (09:12 GMT)
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