RBC Capital reiterates 'outperform' rating on Centrica
30th Jun 2016 09:42
(ShareCast News) - Centrica's 'outperform' rating was left unchanged by RBC Capital Markets on Thursday but the British Gas owner's target price was cut to 250p from 280p. RBC said it advocates Centrica's strategy, announced last July, to put customers at the centre of growth ambitions and to scale
Read moreCMA investigation to cost energy industry more than £80m
23rd Jun 2016 09:53
(ShareCast News) - The two year investigation into the UK's big six energy companies by the Competition and Markets Authority (CMA) has imposed an £80m burden on the industry, according to reports. On Friday the CMA is set to publish a 500-page report, and according to The Times, it said the investi
Read moreMonday newspaper round-up: Sterling, City jobs, Williams & Glyn, CMA
20th Jun 2016 07:06
(ShareCast News) - The British pound was powering ahead in Asian morning trading on Monday as the latest opinion polls on Britain's EU referendum showed the two camps running neck and neck. In previous weeks, the campaign for the UK to vote in favour of leaving the EU at its June 23 referendum had s
Read moreSunday newspaper round-up: Brexit bets, airlines, CMA probes, Lloyds lock-up
19th Jun 2016 17:54
(ShareCast News) - Currency traders are betting sterling will slip to an all-time low against the euro of €1.05-1.20 if Britain votes to leave the European Union, eclipsing Black Wednesday in 1992. Currency contracts have recently suggested that investors believe the pound will probably tumble again
Read moreUBS ups Centrica to 'buy' on improving outlook
14th Jun 2016 14:09
(ShareCast News) - UBS upgraded Centrica to 'buy' from 'sell' and lifted the price target to 255p from 185p saying the outlook for the stock has changed. The bank noted Centrica shares are down around 50% from their 2013 peak of 402p, on the back of a downstream CMA inquiry and falling commodities.
Read moreTuesday broker round-up
14th Jun 2016 12:02
(ShareCast News) - Henderson Group: Exane BNP Paribas downgrades to neutral with a target price of 240p. Crest Nicholson: Deutsche Bank keeps at hold with a 542p target. Beazley: UBS stays at neutral with a target price of 376p. Inmarsat: Jefferies keeps at buy with a target of 1245p. Berkeley Gr
Read moreSunday newspaper round-up: AstraZeneca, oil IPOs, M&S, Exova, Tesco
29th May 2016 16:22
(ShareCast News) - AstraZeneca, the UK's second-biggest drug developer, will this week outline its next big hope in the battle against cancer by unveiling new data on a class of treatments, known as DNA damage response (DDR) medicines, at a conference in Chicago. The drugs work by stopping cancerous
Read moreWednesday newspaper share tips: Severn Trent, IGas
25th May 2016 14:13
(ShareCast News) - Shares in Severn Trent are best avoided as investors´ search for yield has driven down the dividend yield on offer, The Times´s Tempus said. As might have been expected, the water supplier achieved bigger-than-expected cost-savings in the first year of the new regulatory period
Read moreCentrica and Tullow gain as Norway awards 10 oil licences in Arctic Sea
18th May 2016 14:47
(ShareCast News) - Norway has awarded 10 new offshore oil exploration licences in the Arctic and the border zone with Russia, the first time the country has offer new acreage in twenty years. The Norwegian oil ministry doled out 10 licences that consisted of 40 blocks, with 13 companies offered part
Read moreSunday newspaper round-up: Oil, BoE, Lloyds, buy-to-let, Centrica
8th May 2016 15:45
(ShareCast News) - Low oil prices look set to drag on after Saudi Arabia's moderate oil minister Ali al-Naimi was ousted by the government. The replacement of Al-Niaimi, who was leading calls to help rebalance the struggling oil market, has scuppered hope that the world's major oil producing nations
Read moreFriday broker round-up
6th May 2016 14:34
(ShareCast News) - Man Group: Citigroup downgrades to sell with a 120p target. Royal Mail: Jefferies reiterates underperform with a 400p target. Easyjet: JP Morgan keeps at overweight with a 1900p target. IMI: Societe Generale reiterates hold with a target of 920p and JP Morgan stays at neutral wi
Read moreFriday newspaper share tips: Inmarsat, Centrica
6th May 2016 13:54
(ShareCast News) - Inmarsat's trading will get a boost in coming years following large investments in getting new kit into space but the challenges facing the industry mean that a correction in the shares was overdue, the Financial Times's Lex column said. The company's shares were trading at 27 tim
Read moreBroker tips: Centrica, Stagecoach, National Grid
5th May 2016 15:45
(ShareCast News) - Centrica's shares fell as HSBC retained its 'hold' rating on the stock, citing a risk of a credit downgrade by Moody's from Baa1 to Baa2. However, the bank raised Centrica's target price to 250p from 200p as it believes the owner of British Gas will benefit from cost cutting measu
Read moreThursday broker round-up
5th May 2016 15:12
(ShareCast News) - Stagecoach: UBS upgrades to buy with a 295p target. Centrica: Exane BNP Paribas downgrades to neutral with a 240p target and UBS reiterates hold with a target price of 250p. BHP Billition: Barclays upgrades to equal-weight with a 875p target. Vedanta: Barclays reiterates underwe
Read moreHSBC retains 'hold' rating but raises target price at Centrica
5th May 2016 09:42
(ShareCast News) - Centrica's shares fell on Thursday as HSBC warned the owner of British Gas could face a credit rating downgrade. HSBC retained its 'hold' rating on the stock, citing a risk of a credit downgrade by Moody's from Baa1 to Baa2. However, the bank raised Centrica's target price to 250
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