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.
---
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.
---
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.
---
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.
---
888 CEO to Immediately Leave Role
888 Holdings PLC said Monday that Chief Executive Itai Pazner
will immediately leave his role.
---
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.
---
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.
---
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.
---
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.
---
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.
---
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.
---
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.
---
Unilever Taps Dairy Boss as New CEO -- Update
By Peter Stiff
---
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.
---
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.
---
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.
---
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.
---
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.
---
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.
---
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
January 30, 2023 05:49 ET (10:49 GMT)
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