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FTSE to Open Higher as Traders Weigh Remarks by BOE's Bailey

11/22/2021 | 03:06am EST

FTSE 100 to Open Higher as Traders Weigh Remarks by BOE's Bailey

The FTSE 100 is seen opening higher as investors digest comments from Bank of England Governor Andrew Bailey. Spreadbetting firm IG expects the London blue-chip index to start trading up 19 points. Bailey told the Sunday Times newspaper that he was concerned inflation could be elevated for longer but there is also a chance that inflation doesn't prove as persistent as feared. His comments suggested that an interest-rate rise at December's meeting is "still hanging in the balance," Unicredit analysts say. Bailey's remarks come after BOE chief economist Huw Pill said on Friday that he was "looking perhaps for reasons not to hike rates" in December, although he hadn't made a decision.

 
Companies News: 

BHP and Woodside Agree to Create Energy Company

BHP Group Ltd. and Woodside Petroleum Ltd. have signed a binding share sale agreement to merge BHP's oil-and-gas portfolio with Woodside.

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IAG Acquisition of Air Europa to be Probed by U.K. Competition and Markets Authority

The U.K.'s Competition and Markets Authority said Monday that it is investigating whether International Consolidated Airlines Group SA's agreement to buy Air Europa for an equity value of 500 million euros ($564 million) breaches competition rules.

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Diploma FY 2021 Profit Rose; Maintains Outlook

Diploma PLC on Monday reported an improved profit for the year ended Sept. 30, and said that its outlook for the current period remains unchanged and positive.

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Cerillion FY 2021 Pretax Profit Rose; Increases Dividend

Cerillion PLC said Monday that its pretax profit for the fiscal year 2021 soared on higher sales, and that it is raising its dividend.

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Polar Capital 1H Profit Rose

Polar Capital Holdings PLC said Monday that its profit rose in the first half of its financial year.

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Frontier Developments Has Enjoyed Solid Performance So Far in FY 2022

Frontier Developments PLC said Monday that its video games have continued to perform well so far in fiscal 2022 and that the company is looking to the future with confidence as its portfolio keeps growing.

Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at sarka.halas@wsj.com

(END) Dow Jones Newswires

11-22-21 0306ET

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