British Gas joins rivals in cutting gas prices
11th Feb 2016 08:47
(ShareCast News) - British Gas said it will cut gas prices for customers by 5.1%, the latest company to announce cuts for the start of the year. The market leading energy utility firm's holding company Centrica announced the move on Thursday, saying that the average annual gas bill from British Gas
Read moreCentrica sells wind farms to consortium
5th Feb 2016 07:40
(ShareCast News) - Centrica and its 50% joint venture partner EIG Global Energy Partners have agreed a sale of the Glens of Foudland, Lynn and Inner Dowsing wind farms (GLID) to a consortium. The consortium comprises the UK Green Investment Bank Offshore Wind Fund and funds managed by BlackRock, and
Read moreBroker tips: Cranswick, Centrica
28th Jan 2016 16:08
(ShareCast News) - Shares in Cranswick gained on Thursday as Investec reiterated its 'buy' rating and raised its target price to 2,086p from 2,065p. Cranswick reported trading in the third quarter was in line with the board's expectations, with total revenue in the three months to 31 December 5% ahe
Read moreFTSE 100 movers: Royal Dutch Shell and BG Group on the rise after takeover approved
28th Jan 2016 13:53
(ShareCast News) - The FTSE 100 resurfaced into the black after sinking into the red before lunch, with the blue chip market up 8.45 points (0.14%) to 5,998.82 by early-afternoon on Thursday. Anglo American surged to the top of the market as investors welcomed its fourth quarter production report. O
Read moreCentrica slides on SocGen downgrade
28th Jan 2016 10:43
(ShareCast News) - Centrica shares slid on Thursday after Societe Generale downgraded the stock to 'sell' from 'hold'. The downgrade came as the bank updated its commodity price assumptions to reflect the current forward curves, resulting in a 19% cut to its 2016 adjusted basic earnings per share fo
Read moreE.on gas price cut puts pressure on British Gas, SSE and others
20th Jan 2016 13:29
(ShareCast News) - E.On has promised to cut residential gas prices by 5% next month, the first of the UK's Big Six energy suppliers to trim prices since Centrica's British Gas did so last August. German-owned E.On said it would reduce its standard residential price of gas by an average of 5.1% from
Read moreBroker tips: Centrica, BHP Billiton, Premier Oil
12th Jan 2016 12:22
(ShareCast News) - Exane BNP Paribas upgraded Centrica to 'outperform' from 'neutral', maintaining a 250p price target, saying the stock has had a tough couple of years but this is now all in the price. It noted the shares fell 20% in 2015 following a 20% drop the previous year. The group is expose
Read moreExane upgrades Centrica; says negatives now priced in
12th Jan 2016 10:41
(ShareCast News) - Exane BNP Paribas upgraded Centrica to 'outperform' from 'neutral', maintaining a 250p price target, saying the stock has had a tough couple of years but this is now all in the price. It noted the shares fell 20% in 2015 following a 20% drop the previous year. The group is expose
Read moreBroker tips: Centrica, Shaftesbury
22nd Dec 2015 15:52
(ShareCast News) - RBC Capital Markets cut its target price on Centrica to 260p from 280p, but reiterated its 'outperform' recommendation. "We remain supporters of Centrica's strategy, but it is unsurprising that longer-term positives are currently being outweighed by weak oil & gas prices," said th
Read moreFTSE 100 movers: Heavily-weighted miners rally but ITV gives back gains
22nd Dec 2015 14:28
(ShareCast News) - London's FTSE 100 index was up 0.7% to 6,073.90 at 1440 GMT in holiday-thinned volumes, with many traders already away from their desks for the Christmas holiday. Heavily-weighted miners were the biggest gainers, with Antofagasta and Anglo American firmly in the black as Chinese c
Read moreRBC cuts Centrica price target but reiterates 'outperform'
22nd Dec 2015 12:59
(ShareCast News) - RBC Capital Markets cut its target price on Centrica to 260p from 280p, but reiterated its 'outperform' recommendation. "We remain supporters of Centrica's strategy, but it is unsurprising that longer-term positives are currently being outweighed by weak oil & gas prices," said th
Read moreFriday newspaper share tips: Top up shares in Centrica
11th Dec 2015 10:15
(ShareCast News) - The Times' Tempus thinks it might be the bottom of the decline of Centrica. The utility company said its full year earnings would be in-line with forecasts in a pre-close statement on Thursday at the end of what the British Gas owner admitted was a difficult year. British Gas' re
Read moreFTSE 100 movers: Old Mutual hit by rand and rating downgrade, Debt plan drives Glencore up
10th Dec 2015 14:07
(ShareCast News) - The FTSE 100 remained in negative territory on Thursday, sitting down 34.53 points (0.56%) on 6,092.15 by mid-afternoon. Old Mutual, which generates a large chunk of its profits from South Africa, sank as a broker downgrade and weaker rand weighed on the stock. The rand fell near
Read moreLondon midday: Equities slide as BoE keeps interest rates unchanged
10th Dec 2015 11:09
(ShareCast News) - UK equities declined as the Bank of England voted 8-1 to keep interest rates unchanged. The BoE left interest rates at 0.5% and the asset purchase programme at £375bn, as expected by analysts, amid a slowdown in emerging economies, low inflation and a strong pound. The minutes of
Read moreCentrica says full year earnings will hit target
10th Dec 2015 07:20
(ShareCast News) - Centrica said its full year earnings would in-line with forecasts in a pre-close statement at the end of a what the British Gas owner admitted was a difficult year. British Gas' residential energy supply margins will be squeezed in the second half by the second 5% tariff cut, whic
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