Centrica 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
Read moreCentrica announces placing to cut debt, make acquisitions
5th May 2016 08:04
(ShareCast News) - FTSE 100 energy supplier Centrica announced plans to raise around £750m in a placing to fund acquisitions and cut debt. The owner of British Gas said it plans to issue around 350 million shares or 7% of its current issued share capital. The company said the placing will enable it
Read moreSunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read moreCentrica buys Danish energy management company
21st Apr 2016 07:43
(ShareCast News) - Centrica has agreed to acquire Denmark-based energy management provider Neas Energy A/S for DKK1.6bn (£170m) in cash plus adjustments for cash and net working capital. Neas provides customers with route to market and short-term trading optimisation services in six European countri
Read moreCentrica's British Gas to cut nearly 700 jobs, close Oldbury office
20th Apr 2016 12:19
(ShareCast News) - Centrica's British Gas has announced a proposal to cut 684 office-based roles, including the closure of its Oldbury office, as it looks to consolidate operations on fewer sites. As part of a full consultation process over the next 45 days, the company will discuss the proposals an
Read moreLondon pre-open: Stocks seen lower as oil skids on failed Doha meeting
18th Apr 2016 07:35
(ShareCast News) - London stocks were set to open lower on Monday as oil prices slid in the wake of the failed Doha meeting over the weekend. The FTSE 100 was seen starting 64 points lower than Friday's close at 6,279. "A failed attempt to agree an output freeze by some of the world's largest oil p
Read moreCentrica axes 800 jobs in first quarter; on track to hit 2016 targets
18th Apr 2016 07:21
(ShareCast News) - Centrica said it expected to axe 3,000 jobs in 2016 as part of its cost cutting plans with 800 gone in the first quarter of the year. In a trading statement, the company said UK home energy supply accounts were down 1.5% in the first quarter primarily as a result of significant lo
Read moreSunday newspaper round-up: Interest rates, Tata, Premier Foods, G4S, Centrica
3rd Apr 2016 16:33
(ShareCast News) - The Bank of England will hold interest rates at their current historic low for three more years, according to the market's current predictions. Judging by the overnight deposit rates that banks are charged to hold their cash at the central bank, which indicates market predictions
Read moreBroker tips: Burberry, Centrica, SSE, RBS
9th Mar 2016 14:38
(ShareCast News) - A weaker sterling will add to ,'s growth on both the top-line and bottom-line, but the recent rebound in the share price was "unwarranted", HSBC said. Neither should investors expect anything more than excess cash to be returned and room to cut costs further was limited, analysts
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