Centrica 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
Read moreThursday broker round-up
29th Oct 2015 09:10
(ShareCast News) - Diageo: Credit Suisse upgrades to outperform, bumps up target price to 2100.00p. Meggitt: WH Ireland downgrades to reduce. Centrica: Citigroup upgrades to buy. Target price: 260.00p. Bae systems: Credit Suisse downgrades to neutral, cuts target price to 460.00p. Wpp: JP Morgan
Read moreFriday broker round-up
16th Oct 2015 11:48
(ShareCast News) - Icap: Barclays downgrades to equal-weight, cuts target price to 500.00p. Diageo: HSBC starts new coverage with a hold, sets target price at 1830.00p. Centrica: RBC Capital Markets reiterates to outperform, bumps down target price to 280.00p. Gkn: Berenberg Bank reiterates to buy,
Read moreTuesday newspaper round-up: RBS, FCA, British Gas
22nd Sep 2015 05:56
(ShareCast News) - UK Financial Investments, the body charged with managing the state's holdings in RBS and Lloyds Banking Group, has been ordered by the Treasury select committee to explain why the government needed to commission a separate report into the sale from Rothschild, despite having an in
Read moreSunday share tips: Dairy Crest, Cluff Natural Resources, tightening cycle stocks
20th Sep 2015 15:08
(ShareCast News) - Dairy Crest shares are worth buying, said Danny Fortson in the Sunday Times' Inside the City column. Investors are currently awaiting a Competition & Markets Authority decision on 19 October whether to allow Dairy Crest to sell its dairy business, roughly two thirds of group sales
Read moreUnited Utilities rallies on Bernstein upgrade; Centrica also lifted
7th Sep 2015 14:31
(ShareCast News) - United Utilities rallied after Bernstein upgraded the stock to 'outperform' from 'market perform' and lifted the price target to 1,050p from 1,040p. It said the upgrade was motivated by the valuation gap that has opened between it and Severn Trent since it downgraded both stocks t
Read moreMorgan Stanley recommends adding exposure to European stocks
26th Aug 2015 09:33
(ShareCast News) - The ongoing weakness in emerging markets and China won't significantly dent the European economy, Morgan Stanley said in its most recent equity strategy note. The bank said it expects equities to be higher in three months, adding that current volatility in markets is likely to be
Read moreFTSE 100 movers: Shell rallies on better-than-expected earnings, but Centrica drops after announcing job cuts
30th Jul 2015 15:56
(ShareCast News) - London's top-flight index was up 0.6% at 6,670 by 15:41 BST, as investors waded through a raft of earnings reports. Royal Dutch Shell and BG Group were both sharply higher after Shell's second-quarter results beat expectations. The Anglo-Dutch oil major posted adjusted profits of
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