SSE and Centrica rally on JPMorgan upgrades
9th Mar 2016 10:51
(ShareCast News) - Utilities Centrica and SSE were among the top performers on the FTSE on Wednesday morning after JPMorgan Cazenove upgraded its ratings on the stocks. The bank said UK merchant utilities have been buffeted in recent years by a number of headwinds, with energy consumption down, stru
Read moreSunday share tips: Weir Group, Centrica, Constellation Healthcare
21st Feb 2016 15:14
(ShareCast News) - Sell shares in Weir Group, said the Sunday Times 'Inside the City' column. The Glaswegian pumps and valves manufacturer enjoyed the boom of the US fracking industry while its shares topped £25 for most of 2014, they entered 2015 at less than £18 and exited at £10. The shale tale i
Read moreFriday newspaper share tips: Centrica, BAE Systems
19th Feb 2016 15:30
(ShareCast News) - Calmer waters may lie ahead for Centrica this year if the company's boss can deliver on the promises made to investors, the Financial Times's Lex column said. Impairments on Centrica's exploration, production and power assets rose to over £1.8bn pushing the company's full year pro
Read moreCentrica profit and earnings slip but beat expectations
18th Feb 2016 07:39
(ShareCast News) - British Gas owner Centrica reported a 15% drop in pre-tax profit for 2015 as revenue declined, but earnings were still ahead of expectations. For the year ended 31 December, adjusted pre-tax profit fell to £1.13bn from £1.33bn in 2014, as revenue slipped 5% to £28bn. Earnings per
Read moreThursday preview: BAE Systems and Centrica report full year results
17th Feb 2016 12:36
(ShareCast News) - BAE Systems and Centrica are expected to report declines in full year profits on Thursday. Deutsche Bank (DB) said it predicted defence gaint BAE Systems to reveal a 3.2% drop in 2015 earnings before interest and tax to £1.65bn. Underlying earnings per share are expected to be dow
Read moreCentrica's credit ratings under review for downgrade by Moody's
15th Feb 2016 11:36
(ShareCast News) - Moody's has placed the Baa1 issuer rating and Baa3 junior subordinate rating of British Gas-owner Centrica on review for downgrade. The move follows the recent sharp drop in European gas and power prices and reflects the risk that measures already announced by Centrica may be insu
Read moreCredit Suisse cuts targets for Drax, Centrica, and SSE
15th Feb 2016 10:23
(ShareCast News) - Lower energy prices and their impact on those for power meant the major UK power groups would need to carry out self-help measures, although the ability of Centrica and Drax to do so was underappreciated by markets, Credit Suisse said. The Swiss bank lowered its power price estima
Read moreBritish 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
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