Tuesday broker round-up
31st Jul 2018 13:26
(Sharecast News) - Abcam: Berenberg upgrades to buy with a target price of 1,640p.
Read moreCentrica focussed on strategy after another disappointing first half
31st Jul 2018 08:09
(Sharecast News) - Centrica posted its interim results for the period ended 30 June on Tuesday, reporting "stable" adjusted gross margin and EBITDA relative to the first half of last year, with adjusted operating cash flow falling 11% to £1.1bn.
Read moreEnergy companies 'making switching more difficult', ex-minister warns
30th Jul 2018 09:32
(Sharecast News) - The energy retail sector was slammed for the way it was rolling out smart meters on Monday, with a former energy secretary accusing companies of installing meters that made it more difficult for customers to switch suppliers.
Read moreFTSE 100 movers: Rio Tinto zips higher as Reckitt Benckiser falls
10th Feb 2017 17:10
(ShareCast News) - FTSE 100 is higher on Friday afternoon thanks to a string of mining behemoths led by Rio Tinto congregating atop the risers' list, albeit offset by a motley group of fallers led by consumer goods giant Reckitt Benckiser. London's top tier index closed 0.40% higher to 7,258.75 poin
Read moreRio Tinto appoints three non-exec independent directors
10th Feb 2017 13:59
(ShareCast News) - Shares Rio Tinto are up more than 3% after the mining giant confirmed the appointment of three oil- and energy-sector heavyweights to the boards of London-quoted Rio Tinto Plc and Australia-listed Rio Tinto Ltd. "The new directors broaden the experience of the board, bringing cons
Read moreBritish Gas to extend price freeze until August
10th Feb 2017 11:54
(ShareCast News) - Centrica's British Gas said on Friday that it will extend its price freeze on gas and electricity for customers on its standard energy tariff until August. The company said it was holding its price despite increases in external costs, as it significantly reduces its own costs, add
Read moreCentrica launches new global division as part of restructuring
8th Feb 2017 17:06
(ShareCast News) - British Gas owner Centrica on Wednesday announced it has launched a new global division to focus on residential and business end-customers. The division, Centrica Consumer, will be led by Mark Hodges, the group's chief executive of energy supply and services in the UK and Ireland.
Read moreCentrica sells 50% stake in Lincs wind farm
13th Jan 2017 11:12
(ShareCast News) - British Gas owner Centrica has agreed to sell its 50% stake in the Lincs offshore wind farm off the coast of Skegness to the UK Green Investment Bank for £487m. Siemens Project Ventures will also sell its 25% share with the remaining joint venture partner, DONG Energy, continuing
Read moreFTSE 100 movers: Centrica rallies while miners in the doldrums
15th Dec 2016 14:49
(ShareCast News) - The FTSE 100 index was up 0.72% to 6,999.01 points in the late afternoon. Bank stocks rose after the Fed raised interest rates 25 basis points and struck a more hawkish tone than expected, signalling three hikes next year. RBS shares gained as a result. Centrica advanced as it pu
Read moreCentrica lifts expectations ahead of full-year results
15th Dec 2016 07:07
(ShareCast News) - Centrica published a trading update on Thursday, prior to entering its close period on 1 January, saying it was continuing to make good progress against its strategic priorities and now expected to exceed the 2016 targets originally set out at its 2015 preliminary results. The FTS
Read moreBritish Gas to pay £4.5m for missing smart meter deadline
7th Dec 2016 09:37
(ShareCast News) - Centrica's British Gas has been fined £4.5m by regulator Ofgem after it failed to deliver smart meters to some larger electricity business customers by the April 2014 deadline. The energy industry regulator ordered British Gas Business to pay the sum to the Carbon Trust, which wil
Read moreSector movers: Interest-rate sensitive electricity stocks pace gains
2nd Dec 2016 14:59
(ShareCast News) - Interest rate-sensitive issues were on the front foot amid a sharp drop in government bond yields following the release of a mixed report on the state of the US jobs market in November. US non-farm payrolls increased by 178,000 last month, slightly less than the 180,000 which econ
Read moreBritish Gas freezes energy prices this winter
1st Dec 2016 08:54
(ShareCast News) - The UK's largest energy supplier British Gas, owned by Centrica, has frozen its standard energy prices this winter amid growing pressure to treat loyal customers more fairly. Wholesale gas and electricity prices in Britain have risen about 30-40% since June along with a rebound in
Read moreCentrica to sell Trinidad and Tobago assets
30th Nov 2016 12:01
(ShareCast News) - British Gas owner Centrica has agreed to sell its entire portfolio of gas assets in Trinidad and Tobago to Shell Exploration and Production for an initial consideration of $30m (£24m). The assets consist of a 17.3% interest in the producing NCMA-1 block and 80% and 90% operated in
Read moreCentrica or SSE to benefit from GB Energy's collapse, say analysts
28th Nov 2016 15:55
(ShareCast News) - After the collapse of smaller energy supplier GB Energy over the weekend, political intervention in the energy sector is now much less likely, according to Credit Suisse, which said Centrica's British Gas or SSE could take over the supply of affected customers. GB, a recent new en
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