Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Sterling Expected to Gain on UK Recovery, BOE Rate Rises

10/21/2021 | 03:55am EST

Sterling Is Expected to Gain on UK Recovery, BOE Rate Rises

0914 GMT - The U.K.'s economic recovery and the prospect of the Bank of England raising interest rates in November should provide "good support" to sterling, Ebury says. The U.K. economy remains on course to outperform most of its major peers this year, says Matthew Ryan, analyst at the financial-service firm. "We also think that the Bank of England is on course to raise interest rates much sooner than most of its G10 peers," Ryan says. Ebury expects the BOE to raise its key rate by 15 basis points in November and by 25 basis points in February. It sees GBP/USD rising to 1.40 by year-end and to 1.45 by the end of 2022, versus 1.3804 currently. (renae.dyer@wsj.com)

 
Companies News: 

Barclays Profit Rises on Investment Banking--Update

Barclays PLC said its net profit rose in the third quarter, driven by a continued strong performance at its investment bank.

---

Unilever 3Q Underlying Sales Rose, Backs Margin Guidance Despite Cost Inflation

Unilever PLC said Thursday that third-quarter underlying sales rose on good growth in its priority markets of the U.S., China and India, development of online shopping channels and growth of portfolio brands.

---

St. James's Place 3Q Net Inflows, Funds Under Management Rose

St. James's Place PLC said Thursday that funds under management and net inflows increased significantly in the third quarter of 2021.

---

Rentokil Initial 3Q Revenue Rose 0.5%, Backs 2021 Guidance

Rentokil Initial PLC on Thursday reported a 0.5% rise in third quarter revenue at actual exchange rates and backed its full-year guidance.

---

Anglo American Platinum Reports Flat 3Q Production; Reaffirms 2021 Guidance

Anglo American Platinum Ltd. on Thursday reported broadly flat production for the third quarter and reiterated full-year guidance.

---

Babcock International 1H Revenue Seen to Rise; FY Outlook Unchanged

Babcock International Group PLC said Thursday that performance for the first half of fiscal 2022 was in line with its expectations and it backed its guidance for the full year.

---

Gateley (Holdings) Shareholders Sell GBP11.4 Mln Worth of Shares

Gateley (Holdings) PLC said Thursday that 11.4 million pounds ($15.8 million) worth of shares have been sold on behalf of certain directors and employees, as first announced late Wednesday.

---

Renishaw 1Q Pretax Profit Rose 39%

Renishaw PLC said Thursday that its profit and revenue increased in the first quarter of the fiscal year and that it has a record order book.

---

GB Group Says 1H Sales, Adjusted Operating Profit Grew

GB Group PLC said Thursday that revenue and adjusted operating profit for the first half of fiscal 2022 increased, and that the outlook for the second half is in line with the company's expectations.

---

FirstGroup Sells Greyhound to FlixMobility for $172 Mln

FirstGroup PLC said Thursday it has sold its North American subsidiary Greyhound Lines, Inc. to FlixMobility GmbH for a total cash consideration of $172 million, effective immediately.

---

Driver Group Says FY 2021 Underlying Pretax Profit Is in Line With Views

Driver Group PLC said Thursday that it expects to report an underlying pretax profit for the fiscal 2021 in line with market expectations.

---

Provident Financial 3Q Performance Improved, Mulls 2021 Dividend

Provident Financial PLC said Thursday that its third-quarter performance improved significantly on more favorable macroeconomic conditions and customer demand for credit, and if it persists it will consider an ordinary dividend for 2021.

 
Market Talk: 

Rentokil 3Q Matched Hopes; Shares Lag US Rivals

0939 GMT - Shares in Rentokil Initial drop 1.6% as the pest-control and hygiene group reported third-quarter revenue in line with market expectations. The shares still trade significantly below key U.S. peers such as Rollins, brokerage Davy says. "Considering the much-improved potential for hygiene since the pandemic, we see the opportunity for this business to re-rate as management executes the growth strategy. We still see the French workwear operations as a divestment candidate," Davy analysts say. (philip.waller@wsj.com)

Barclays 3Q Shows Business Is in Good Shape

0907 GMT - Shares in Barclays drop 0.8% even as the bank reported higher third-quarter net profit, driven by a continued strong performance at its investment bank. Profit topped expectations, helped by big takeover deals and rising income from equities, trading firm eToro says. "Barclays more than probably any other U.K. bank has had a long-standing identity crisis over whether it was fundamentally an investment bank along the lines of Goldman Sachs, or a retail bank more akin to Lloyds Bank," eToro analyst Mark Crouch says. "That issue seems to have no real resolution, but investors will likely be pleased that both ends of the business appear to be in rude health either way." (philip.waller@wsj.com)

Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com

(END) Dow Jones Newswires

10-21-21 0555ET

Latest news "Economy & Forex"
08:29aTurkish lira seesaws as central bank intervenes, Erdogan speaks
RE
08:27aRoyal Bank, National Bank of Canada raise dividends, but miss earnings estimates
RE
08:27aOPEC+ sees worsening oil surplus Q1, 2022 - document
RE
08:16aStatera Biopharma Says FDA Lifts Clinical Hold on Entolimod
DJ
08:10aWall Street strategists see more gains in 2022
RE
08:10aMTN Nigeria drops 10% after low IPO pricing
RE
08:09aEx-Mastercard CEO Ajay Banga to join General Atlantic as vice chairman
RE
08:08aFirms taking on customers of failed suppliers may claim costs - UK regulator
RE
08:07aNotable quotes from the Reuters Next conference
RE
08:00aOil prices rally ahead of OPEC meeting despite Omicron concerns
RE
Latest news "Economy & Forex"