Broker 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
Read moreCentrica acquires Panoramic Power in £39m deal
12th Nov 2015 10:36
(ShareCast News) - British Gas owner Centrica it has completed the acquisition of US energy business services group Panoramic Power for $60m (£39.5m). The partnership agreement between Direct Energy, the FTSE 100's US subsidiary, and Panoramic provides wireless sensors that allow business users to m
Read moreSector movers: Utilities downgraded, banks hit by FSB capital rules
9th Nov 2015 16:05
(ShareCast News) - The utilities sector was the worst performer on Monday, with banks starting well but losing ground and fund managers well bought. Banks got off to a good start early in the session, with Barclays, RBS, HSBC and Standard Chartered all powering higher as, following last week's robus
Read moreFTSE 100 movers: Financial companies' rises offset IHG and utility falls
9th Nov 2015 14:10
(ShareCast News) - The FTSE 100 started the day on a high but slowly started to sink into the red, with the market down 4.22 (0.07%) by mid-afternoon to 6,349.61 despite a strong performance from financials. Aberdeen Asset Management, Standard Chartered, Barclays and HSBC were all boosted by the ri
Read moreUtilities shares fall on back of downgrades
9th Nov 2015 09:57
(ShareCast News) - Utility companies have taken a hit on the back of downgrades from a number of investment banks. Societe Generale cut its rating for United Utilities from 'buy' to 'hold' despite an expectation of reassuring first half results due out on 25 November. It said the recent strong shar
Read moreGoldman Sachs adds SSE to Conviction sell list, trims target on Centrica
5th Nov 2015 12:49
(ShareCast News) - Lower gas prices spell trouble for utilities companies in Europe, especially so for SSE which will see the pressure pile up on its dividend and undermine its premium rating, Goldman Sachs said. Oversupply in global liquid natural gas markets was set to drive European gas prices do
Read moreThursday broker round-up
5th Nov 2015 09:38
(ShareCast News) - Standard Chartered: Macquarie downgrades to underperform. Target price: 550.00p. Quarto Group Inc: Northland Capital Partners initiates new coverage with a buy, sets target price at 350.00p. Howden Joinery Group: N+1 Singer upgrades to buy. Sabmiller: Societe Generale downgrades
Read moreBroker tips: Centrica, Aviva, BP
29th Oct 2015 12:58
(ShareCast News) - Citigroup upgraded Centrica to 'buy' from 'neutral', saying it offers one of the best value propositions among the UK utilities. "Despite the potential for short-term headwinds from the CMA energy investigation, with potentially negative headlines on tariffs, an end to evergreen t
Read moreCitigroup upgrades Centrica, sees best value among UK utilities
29th Oct 2015 12:06
(ShareCast News) - Citigroup upgraded Centrica to 'buy' from 'neutral', saying it offers one of the best value propositions among the UK utilities. "Despite the potential for short-term headwinds from the CMA energy investigation, with potentially negative headlines on tariffs, an end to evergreen t
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