Centrica 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
Read moreSector movers: Electricity stocks pace gains
28th Nov 2016 14:46
(ShareCast News) - Defensives were again to be found at the top of the leaderboard as longer term market interest rates fell back. Electricty stocks were especially well bid after the collapse of smaller energy supplier GB Energy over the weekend, political intervention in the energy sector is now m
Read moreLondon close: Miners propel FTSE 100 higher as industrial metals surge
22nd Nov 2016 16:34
(ShareCast News) - London equities ended Tuesday on a sharply higher note with major miners storming ahead in tandem with soaring industrial metals prices, and followed by a string of banks and insurers. US interest rate-touch utilities were firmly higher, too. FTSE 100 closed the session up 0.62%
Read moreUK govt to put heat under energy suppliers after excess profits claim
14th Nov 2016 11:17
(ShareCast News) - UK Business Secretary Greg Clark said he would be investigating claims that energy suppliers were making larger profits than they claimed to. Clark was responding to a report in the Sun newspaper on Monday that gas and electricity suppliers could be understating profits by as much
Read moreMonday broker round-up
14th Nov 2016 10:38
(ShareCast News) - Dairy Crest: JP Morgan keeps at neutral with a target price of 600p. Tesco: HSBC upgrades to buy with a 260p target. Inmarsat: Jefferies stays at buy with a 1245p target. Aggreko: Barlcays reiterates overweight with a 1000p target. SSE: Goldman Sachs keeps at neutral with a 160
Read moreMonday broker round-up
7th Nov 2016 11:39
(ShareCast News) - Acacia Mining: JP Morgan keeps at overweight with a target price of 620p. Indivior: Jefferies stays at buy, 450p target. Centrica: Berenberg reiterates buy with a 240p target. South 32: Deutsche Bank reiterates hold with a 122p target. Glencore: JP Morgan keeps at neutral with
Read moreSunday newspaper round-up: GDP, RBS, Anglo, William Hill, bank exit
23rd Oct 2016 15:02
(ShareCast News) - In the first official reading on how the whole UK economy has performed since the Brexit vote, the Office for National Statistics (ONS) is expected to say growth more than halved from 0.7% in the second quarter to 0.3% between July and September. According to economists polled by
Read moreBroker tips: Euromoney, Centrica, Merlin Entertainments
3rd Oct 2016 17:03
(ShareCast News) - Canaccord Genuity on Monday cut its rating on Euromoney Institutional Investor to 'hold' from 'buy' but raised its target price to 1,165p from 1,128p. Euromoney reported a "broadly reassuring" trading update last week confirming that full year earnings will be more or less in line
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