Sector 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
Read moreRBC Capital Markets downgrades Centrica to 'sector perform'
3rd Oct 2016 09:38
(ShareCast News) - Centrica's shares fell on Monday as RBC Capital Markets downgraded the stock to 'sector perform' from 'outperform' and cut the target price to 240p from 250p. "With a growth strategy lacking in proof points, a domestic energy pricing position that remains uncompetitive and commodi
Read moreThursday broker round-up
22nd Sep 2016 13:35
(ShareCast News) - Dunelm: HSBC starts coverage at buy with a target price of 1000p. Brown N Group: UBS keeps at neutral, 190p target. Tesco: Barclays keeps at neutral with a 215p target. Associated British Foods: Credit Suisse reiterates outperform with a 3550p target. BBA Aviation: Barclays kee
Read moreBig Six energy company profits to drop 22%, Jefferies warns
22nd Sep 2016 07:59
(ShareCast News) - Seeing "significant headwinds" for the Big Six energy companies profits due to increased competition and lower power prices, broker Jefferies has downgraded Centrica and Drax to 'underperform' ratings. SSE was however felt better able to weather the storm and left at a 'hold' rati
Read moreSector movers: Electricity stocks buoyed by low interest rate expectations
7th Sep 2016 13:29
(ShareCast News) - Electricity shares were near the top of the leaderboard, with investors apparently growing more confident that interest rates worldwide may indeed remain 'lower for longer'. A drop in a key US manufacturing gauge to six-and-a-half year lows in the previous session was the main cul
Read moreWednesday broker round-up
7th Sep 2016 10:31
(ShareCast News) - Centrica: Goldman Sachs downgrades to sell with a target price of 213p. Ashmore: Barclays maintains underweight with a 270p target. Aviva: UBS upgrades to buy with a 505p target. Polymetal: Berenberg reiterates buy with a 1200p target. SSE: Goldman Sachs keeps at neutral with a
Read moreCentrica signs new five-year LNG deal with Qatargas
5th Sep 2016 09:05
(ShareCast News) - British Gas owner Centrica has entered into a new five-year supply agreement with Qatargas for the purchase of up to 2m tonnes per annum of liquefied natural gas (LNG). The contract will start in January 2019 after Centrica's existing contract with Qatargas expires at the end of D
Read moreCentrica buys water technology capability FlowGem for £13m
30th Aug 2016 08:30
(ShareCast News) - Centrica has acquired FlowGem Limited, an early stage UK-based business developing technology to remotely detect water leaks, for £13m. The British Gas owner said the deal - which forms part of Centrica's plans to invest £500m of operating costs and capital resources in Connected
Read moreS&P Global Ratings warns of 'Big Six' margin pressure, earnings volatility
25th Aug 2016 12:09
(ShareCast News) - Energy market reforms may reduce market share and margins, and hike earnings volatility for the so-called 'Big Six' sector players in the UK, warns S&P Global Ratings. The Competition and Markets Authority (CMA) and UK electricity regulator Ofgem have announced a number of reforms
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