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HVAC/IAQ - CE Pro

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Frontloaded Credit Supply Expected Before Fed Meeting

(Bloomberg) Fresh supply in the U.S. investment-grade market is expected to be front-loaded next week ahead of the Federal Open Market Committee meeting Wednesday. Traders will be watching for any clues on when the Federal Reserve may begin tapering talk.Syndicate desks are calling for $25 billion to $30 billion of issuance, a slowdown from the $35.95 billion that priced this week.The strong primary market sales come as investors continue to see a positive backdrop for credit.A Treasury marke

LONDON BRIEFING: Next cautious on outlook even as its raises guidance

LONDON BRIEFING: Next cautious on outlook even as its raises guidance Thu, 6th May 2021 08:15 (Alliance News) - UK clothing and homewares retailer Next on Thursday remained as dour as ever on Thursday, even while boosting its full-year profit guidance following a strong first quarter. Investors were more positive. Next shares were up 1.9% in early trade. Next said full price sales were down 1.5% in the 13 weeks to May 1 on two years ago, before the Covid-19 pandemic, which the company said was a more meaningful comparison. The FTSE 100 constituent said it had assumed full-price sales during period would be down 10%, but beat this forecast by GBP75 million. Next raised its central guidance for full-year pretax profit by GBP20 million to GBP720 million.

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