Longer Period of Support for Gilts Could Be Necessary

0656 GMT - Volatility in U.K. gilt markets could well force the Bank of England back to the gilt market, maybe as early as Tuesday, ING's rates strategists say. The BOE, which said earlier that it will include index-linked gilts in its temporary bond purchases, has so far bought only limited volumes of gilts in the program which it plans to cease on Friday. "We think a longer period of support for gilts will be necessary to restore market confidence," ING's rates strategists write in a note. (emese.bartha@wsj.com) 


 
Companies News:

PureTech Mutually Agrees to End Takeover Talks With Nektar Therapeutics

PureTech Health PLC said Tuesday that it has mutually agreed to terminate takeover talks with potential buyer Nektar Therapeutics.

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Reach CFO Simon Fuller to Step Down; 3Q Revenue Hit by Death of Queen

Reach PLC said Tuesday that Chief Financial Officer Simon Fuller will step down from his role on Dec. 31, and that revenue in the third quarter was hurt by the death of Queen Elizabeth II in September.

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Plus500 Sees 2022 Revenue and Ebitda Ahead of Views Thanks to Robust Customer Income

Plus500 Ltd. said Tuesday that it expects its fiscal 2022 performance to be ahead of market expectations, driven by robust levels of customer income and a flexible cost base.

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WSP Global Says RPS Group Offer Final; Won't Be Increasing Financial Terms

WSP Global Inc. said Tuesday that its offer for RPS Group PLC was now final as it wouldn't be increasing the financial terms of the offer.

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YouGov FY 2022 Pretax Profit, Revenue Rose; CEO to Take Chairman Role

YouGov PLC said Tuesday that its fiscal 2022 pretax profit and revenue both significantly rose on strong demand, and it named Chief Executive Officer Stephan Shakespeare as its next chairman.

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XP Power 3Q Orders, Revenue Rose; Sees Full Year in Line

XP Power Ltd. said Tuesday that orders and revenue rose in the third quarter of 2022 as supply chain issues eased, and that it expects to meet full-year market expectations.

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Sureserve's FY 2022 Results in Line With Views; Order Book Gives Good Earnings Visibility

Sureserve Group PLC said Tuesday that it expects financial results for the year ended Sept. 30 to be in line with management's expectations, and that its order book provided good visibility of future earnings.

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Foresight Group 1H Assets Under Management Rose on Robust Acquisition Activity

Foresight Group Holdings Ltd. said Tuesday that assets under management for the first half of fiscal 2023 rose sharply amid robust acquisition activity.

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Greencore Expects Higher FY 2022 Revenue But Sees Adjusted Profit at Low End of Guidance

Greencore Group PLC said Tuesday that it expects revenue for the year ended Sept. 30 to rise but that it forecasts adjusted operating profit and adjusted earnings per share to be at the lower end of its guidance range.


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

(END) Dow Jones Newswires

10-11-22 0328ET