Yorkshire flies as investors shrug off Corbyn

Yorkshire_Water_Letterhead_Alamy_230x150_19Nov19
By Jon Hay, Mike Turner
19 Nov 2019

Yorkshire Water flattened the long end of its sterling bond curve on Tuesday, as investors remain content with UK risk, as long as the Labour Party looks unlikely to win the general election on December 12.

The water company, owned by privately owned Kelda Group, is likely to be nationalised if Labour wins power (see separate story on the UK water sector).

Market participants are divided over whether that threat is likely to make UK water companies' bonds trade more widely or tightly. There is ...

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