Small Volume of BOE Bond Purchases Might Indicate Easing of Strain
0640 GMT - The small amount of gilts bought by the Bank of England under the program it initiated last week to address instability in the bond market may be a sign that the central bank senses the market stress easing, KBC Bank's analysts say in a note. Over the four days since the start of the program, the BOE bought GBP3.66 billion compared to the potential maximum of GBP20 billion, KBC says. "The small amount of buying might be an indication that the BoE sees market strain easing," KBC's analysts say. The BOE probably also avoids too much interference of current buying with its overall policy stance, the analysts say. The BOE is set to buy long-dated gilts until Oct. 14. (firstname.lastname@example.org)
Legal & General Backs 2022 Operating Profit; Capital Generation Despite Volatility
Legal & General Group PLC said Tuesday that it continues to benefit from positive momentum in the second half, despite the increased market volatility, and backed its guidance for the full-year operating profit and capital generation.
Greggs 3Q Sales Rose, Backs Full-Year Outlook
Greggs PLC said Tuesday that sales for the third quarter of the year rose 15% compared with the same period of 2021, and backed its expectations for the full-year.
Morses Club Chairman to Step Down
Morses Club PLC said Tuesday that Chairman Nigel Knowles will step down, effective Nov. 4.
Watkin Jones Expects to Miss FY 2022 Market Views on Delayed Sales
Watkin Jones PLC said Tuesday that it expects to have missed market views for fiscal 2022 operating profit due to a delay in two sales, though its second-half performance was better than the first.
Gresham Technologies Sees 2022 Revenue Ahead of Market Views
Gresham Technologies PLC said Tuesday that it expects revenue and earnings to be ahead of market expectations for 2022, and committed renewals to boost revenue in 2023.
Made.com In Sale Discussions; Profitability Strategy Needs GBP45 Mln-GBP70 Mln
Made.com Group PLC said Tuesday that it has begun discussions with a number of parties regarding the group's sale.
Porvair Sees FY 2022 Ahead of Market Views After Strong Start to 4Q
Porvair PLC said Tuesday that it had a strong start to the fourth quarter and that it expects results for the year ending Nov. 30 to be ahead of market expectations.
Character Group Sees FY 2022 Meeting Market Views; Expects FY 2023 Slip
Character Group PLC said Tuesday that it expects fiscal 2022 to meet market expectations as sales momentum persisted, but sees fiscal 2023 slipping on macroeconomic headwinds.
Inspiration Healthcare 1H Pretax Profit Fell on Supply-Chain Issues
Inspiration Healthcare Group PLC said Tuesday that pretax profit for the first half of fiscal 2022 fell amid higher costs and supply-chain issues.
Uniphar Acquires US Healthcare Agency Inspired Health
Uniphar PLC said Tuesday that it has acquired the U.S.-based healthcare agency Inspired Health for an undisclosed sum.
MGC Pharmaceuticals Appoints Yifat Steuer COO, Deputy CEO
MGC Pharmaceuticals Ltd. said Tuesday that Yifat Steuer has been appointed chief operating officer and deputy chief executive officer, and that Brett Mitchell's role as chairman has transitioned from an executive to a nonexecutive position.
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(END) Dow Jones Newswires