Centrica to cut 4,000 jobs; first-half profit almost doubles
30th Jul 2015 08:08
(ShareCast News) - British Gas owner Centrica announced that it will cut up to 4,000 jobs following a strategic review as it posted a near doubling of its first-half profits. Half of the losses are expected to come through turnover and attrition and half through redundancies. The company said it wil
Read moreCentrica appoints new CFO
29th Jul 2015 10:24
(ShareCast News) - Jeff Bell has been appointed as Centrica's new chief financial officer (CFO), the energy company confirmed on Wednesday. Bell, who was appointed as interim CFO on 1 September 2014, following the departure of Nick Luff, will step into his new role on 1 August, the owner of British
Read moreBroker tips: Centrica, RSA Insurance, Aveva
28th Jul 2015 17:09
(ShareCast News) - Investec upgraded shares of Centrica to 'buy' from 'hold' and raised its price target to 300p from 250p for two reasons. Firstly, it said fear of a potential 'black sky' restructuring of the UK energy sector has now abated. Secondly, an imminent strategy day gives Centrica the cha
Read moreInvestec upgrades Centrica to 'buy'
28th Jul 2015 13:34
(ShareCast News) - Investec upgraded shares of Centrica to 'buy' from 'hold' and raised its price target to 300p from 250p for two reasons. Firstly, it said fear of a potential 'black sky' restructuring of the UK energy sector has now abated. Secondly, an imminent strategy day gives Centrica the cha
Read moreFTSE 100 movers: Reckitt Benckiser, Randgold, Centrica
27th Jul 2015 18:48
(ShareCast News) - Reckitt Benckiser bumped up its target for like-for-like revenue growth and investors did the same with stock in the consumer goods giant. Pre-tax profit for the six months ended 30 June came in at £912m from £838m in the same period last year, on net revenue of £4.36bn, up 4% fro
Read moreCentrica gets a leg-up from RBC upgrade to 'outperform'
27th Jul 2015 10:37
(ShareCast News) - Centrica got a boost after RBC Capital Markets upgraded the stock to 'outperform' from 'underperform' and raised its price target to 320p from 240p, saying it has fundamentally changed its view following deeper analysis of retail operations. "As a result of attractive financials a
Read moreSunday newspaper round-up: Bwin.party, Scotland, Greece
26th Jul 2015 16:20
(ShareCast News) - The owner of Sportingbet has teamed up with an aggressive American hedge fund to roar back into contention for Bwin.Party Digital Entertainment with a £1bn takeover bid. GVC, an online gambling company listed on AIM, the junior London stock market, is understood to have joined for
Read moreSunday newspaper round-up: Bwin.party, Scotland, Greece
26th Jul 2015 16:20
(ShareCast News) - The owner of Sportingbet has teamed up with an aggressive American hedge fund to roar back into contention for Bwin.Party Digital Entertainment with a £1bn takeover bid. GVC, an online gambling company listed on AIM, the junior London stock market, is understood to have joined for
Read moreFriday broker round-up
24th Jul 2015 16:19
(ShareCast News) - Aberdeen Asset Management: JP Morgan Cazenove reiterates neutral stance and trims target to 415p from 435p. SocGen stays at hold but lowers target to 410p from 485p. Jefferies keeps at hold with 405p target, down from 460p. Aggreko: Investec keeps at sell. AG Barr: Investec reite
Read moreCentrica tops FTSE fallers on unplanned North Morecambe gas outage
21st Jul 2015 12:19
(ShareCast News) - Centrica was the biggest faller on the FTSE 100 after an unplanned outage cut its North Morecambe gas sub-terminal output to zero on Tuesday. Centrica, the owner of British Gas, said gas production was cut off due to an "offshore issue". Flows from the Barrow terminal, which incl
Read moreThursday broker round-up
16th Jul 2015 18:10
(ShareCast News) - Aveva Group: Panmure Gordon reiterates buy and 1,420p target. BP: JP Morgan Cazenove reiterates overweight. Centrica: Berenberg Bank reiterates underperform and ups target to 1,060p from 1,000p. Dixons Carphone: Canaccord Genuity ups target to 530p from 500p while reiterating bu
Read moreInfinis shares boosted as renewables group nabs Centrica executive
16th Jul 2015 16:21
(ShareCast News) - Shares in Infinis Energy rose after the renewable energy operator poached Centrica chief financial officer Tom Hinton. Infinis Energy shares were up 7.52% to 157.25p after the firm announced Hinton will replace current CFO Gordon Boyd. Infinis chief executive Eric Machiels said H
Read moreFTSE 100 movers: Anglo American leads miners higher, Burberry hit by weak Asian sales
15th Jul 2015 14:36
(ShareCast News) - London markets were subdued on Wednesday, as strong performances from telecommunications, insurance and property stocks were offset by weakness in the oil, engineering and software sectors. As of 14:30 BST, the FTSE 100 was trading flat at 6,762. On the corporate front, Anglo Ame
Read moreBritish Gas to cut household gas prices by 5%, says Centrica
15th Jul 2015 10:34
(ShareCast News) - Centrica announced that British Gas will reduce household gas prices by 5%, cutting annual energy bills by £35 on average. This is the second gas price reduction in six months and will bring the average total saving to £72 for British Gas customers. The price cut will take effect
Read moreWednesday newspaper round-up: Greece, Bwin.party, Chinese stocks
8th Jul 2015 07:28
European Commission president Jean-Claude Juncker has said "we have a Grexit scenario prepared in detail" as leaders urged Athens to present a new proposal in the next few days, according to The Guardian. GVC has teamed up with Amaya to offer £900m for Bwin.party in an attempt to see off rival bidd
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