UK 2033 Green Gilt Favorably Priced Ahead of Wednesday's Auction
0959 GMT - The U.K.'s 2023 green gilt, which the Debt Management Office is due to auction on Wednesday has cheapened significantly, making it a good buy, says RBC senior associate Megum Muhic in a note. The 0.875% 2033 green gilts "have been identified as a cheap bond," he says. "We feel comfortable going long the bond given current valuations." There are signs of a return of the 'greenium'--a higher premium investors pay to buy green bonds--after this was "priced out consistently in 2022," making the 2033 green gilt look "too cheap," says Muhic. (miriam.mukuru@wsj.com)
Companies News:
Unilever Appoints Hein Schumacher as New CEO
Unilever PLC said Monday that it has appointed Hein Schumacher as its new chief executive officer, replacing Alan Jope who announced in September his plan to retire from the company.
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Shell to Reduce Size of Executive Committee to Improve Performance
Shell PLC said Monday that it will reduce its executive committee from nine to seven members to further simplify the organization and improve performance.
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Legal & General CEO Nigel Wilson to Retire
Legal & General Group PLC said Monday that Chief Executive Nigel Wilson plans to retire from the board after 10 years in the role, and that it will start the search for his replacement.
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SThree FY 2022 Pretax Profit Rose on Record Net Fee Performance
SThree PLC said Monday that pretax profit for fiscal 2022 rose as it booked record net fee performance.
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888 CEO to Immediately Leave Role
888 Holdings PLC said Monday that Chief Executive Itai Pazner will immediately leave his role.
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Finsbury Food Buys Lees Foods for GBP5.7 Mln
Finsbury Food Group PLC said Monday that it has bought confectionery maker Lees Foods Ltd. for 5.7 million pounds ($7.1 million) in cash.
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Capital & Counties Properties Says Business Conditions Have Been Positive
Capital & Counties Properties PLC said Monday that trading conditions across the Covent Garden estate have been positive over the past year, with Christmas like-for-like customer sales exceeding prepandemic levels.
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Shaftesbury 1Q Occupier Levels Rose; Declares Interim Dividend
Shaftesbury PLC on Monday said its first-quarter occupier turnover was 42% higher than the previous year when it was affected by the Omicron coronavirus variant, and declared an interim dividend.
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888 Suspends Some Online Activities Amid Compliance Investigation
888 Holdings PLC said Monday that it has suspended VIP activities in certain online markets pending the outcome of an internal compliance investigation.
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Computacenter Sees 2022 Result Slightly Ahead of Guidance
Computacenter PLC said Monday that it expects its 2022 performance to be slightly ahead of guidance after a strong fourth quarter but anticipates inflationary pressures to continue into 2023.
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Civitas Social Housing Sees Continued Rent Growth in 3Q
Civitas Social Housing PLC said Monday that received rents have continued to grow in its third quarter, with collections in line with expectations.
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Personal Group 2022 Revenue Rose; Sees Profitable Growth in 2023
Personal Group Holdings PLC said Monday that revenue grew in 2022 and that it expects profitable growth in 2023.
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Unilever Taps Dairy Boss as New CEO -- Update
By Peter Stiff
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Centralnic to Report Record Revenue, Market-Beating Earnings for 2022
Centralnic Group PLC said Monday that it expects to report record revenue for 2022 and to beat market forecasts, driven largely by the growth of the online marketing segment.
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DP Eurasia Expects to Beat 2022 Adjusted Ebitda Views After Jump in Sales
DP Eurasia NV said Monday that it expects to beat adjusted core profit expectations for 2022 as it reported a rise in group system sales for the year.
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Impellam Sees 2022 Results Ahead of Views, Declares Special Dividend After Disposal
Impellam Group PLC on Monday said it sees 2022 results come in ahead of expectations and that it is selling its regional specialist and healthcare staffing businesses, leading it to declare another special dividend of 77.7 pence per share once the transaction is completed.
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Sopheon to Report Market Beating 2022 Revenue, Adjusted Ebitda
Sopheon PLC said Monday that it expects to report a rise in 2022 revenue and adjusted Ebitda and to beat market forecasts.
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Inspired Energy Shares Rise as 2022 Revenue, Ebitda Expected to Beat Forecasts
Shares of Inspired Energy PLC rose as much as 15% in early trade on Monday after the company said that its 2022 revenue beat market expectations on a strong final half of the year and a higher-than-than expected growth in its optimization services.
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Norcros CEO to Step Down; Replacement Appointed
Norcros PLC said Monday that Chief Executive Nick Kelsall has decided to retire after 30 years with the company, and that Thomas Willcocks has been appointed as his successor.
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Lenta Sales Rose 11% in 2022
Lenta PLC said Monday that sales rose 11% on year in 2022, despite lower consumer confidence denting its fourth-quarter results.
Market Talk:
Unilever Gains on Positive Response to CEO Appointment
1027 GMT - Shares in Unilever rise about 1% after the maker of household brands such as Dove soap, Wall's ice cream and Domestos bleach appointed Dutch dairy co-operative boss Hein Schumacher as its new chief executive. Unilever has weathered economic turbulence pretty well and the market has welcomed Schumacher's appointment in expectation he will help steady the ship further, Hargreaves Lansdown says. "He's the current CEO of the Dutch dairy and food giant, FrieslandCampina, so he'll be seen both as a safe pair of hands and a fresh injection of ideas for the company," HL analyst Susannah Streeter writes. (philip.waller@wsj.com)
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
01-30-23 0549ET