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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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