FTSE 100 movers: Airlines Easyjet and IAG flying high, Dixons hit by downgrade
27th Jan 2015 13:32
Shares in Easyjet ascended after the British budget airline said it now expects an increase in revenues per seat in the first half. The company said revenue per seat at constant currency should rise by 2% on last year, compared with its previous guidance of "flat to very slightly up". It also expect
Read moreCentrica's British Gas to cut household gas bills 5%
19th Jan 2015 11:11
British Gas, the UK energy supplier owned by Centrica, has promised to cut its residential gas prices by 5% due to the recent fall in wholesale prices. British Gas, which will make the cut effective from 27 February, said it will be keeping its prices "under review for further movements up or down"
Read moreSunday share tips: Mitie, UK Mail, Vodafone
18th Jan 2015 18:44
Mitie's shares have fallen but not as fast as those of outsourcing rivals such as Serco and Balfour Beatty, Danny Fortson pointed out in the Sunday Times. Matthew Earl, a former City analyst who writes a blog, criticised Mitie for buying companies to compensate for its own slow progress and for the
Read moreFTSE 100 movers: GKN on top as target price lifted, travel stocks gain as oil prices fall
12th Jan 2015 12:46
Engineer GKN was given a boost by Credit Suisse which lifted its target price on the stock from 380p to 410p and reiterated an 'outperform' rating. The broker said: "Despite automotive accounting for around 59% of 2015 estimated group revenue, investor attention is often focused on the aerospace div
Read moreLondon close: Falling oil prices drag down shares
30th Dec 2014 16:06
Oil stocks dragged London shares deep into the red on Tuesday after crude prices hit a five-and-a-half year low. The FTSE 100 Index closed 86.51 points adrift at 6,547 as the price of a barrel of Brent crude dropped below $57, although it later recovered slightly. The price of a barrel of US light
Read moreFTSE 100 movers: Centrica boosted by directorate change, oil and gas stocks strong
23rd Dec 2014 14:07
Centrica shares were boosted as the company appointed Carlos Pascual as a new non-executive director, who is said to have extensive geopolitical, economic and commercial development experience in the energy industry. "He brings a wealth of experience with his exceptionally strong international b
Read moreFTSE 100 movers: Kingfisher and Centrica boosted by disposals as miners dip
22nd Dec 2014 14:32
Home improvement retailer Kingfisher edged higher after agreeing to sell a controlling 70% stake in its B&Q China business to Wumei Holdings for £140m. "I am delighted to have found a strong retail partner who will help us to release the financial value of our business in China," said new boss Véron
Read moreSunday newspaper round-up: BT, RBS, Tesco
14th Dec 2014 19:45
BT is expected to announce as soon as December 15th whether it plans to buy EE or O2 to reenter the mobile phone market, The Sunday Times reported. The FTSE 100 telecoms company was working on a deal at the weekend with a statement due early in the coming week. BT is thought to favour O2 but could s
Read moreLabour's energy bill freeze will have 'unintended consequences', says Centrica CEO
14th Dec 2014 09:43
There will be "unintended consequences" from Labour's energy freeze plan as a result of the decline in the price of oil, Sam Laidlaw, the outgoing chief executive of Centrica has warned. Ed Miliband, the Labour party leader, has stressed his party intends to freeze energy costs if they win the gener
Read moreOfgem fines Centrica's British Gas £11.1m
4th Dec 2014 08:52
The UK energy watchdog has fined Centrica's British Gas £11.1m for failing to hit energy savings and carbon emission reduction targets on time. Ofgem said British Gas would pay £11.1m to benefit vulnerable customers after a regulatory investigation found the company failed to meet its environmental
Read moreThursday newspaper round-up: Scotland, GSK, BG, Stagecoach
27th Nov 2014 02:04
Scottish MPs will be entitled to vote on UK budgets even though control over income tax will soon be transferred over to the Edinburgh parliament, Labour has revealed shortly before the publication of a cross-party devolution deal on Thursday, the Financial Times found. The Smith Commission, charged
Read moreSunday share tips: Centrica, Concha, UDG Healthcare
23rd Nov 2014 16:51
Investors should avoid Centrica shares, Questor advised in the Sunday Telegraph. The British Gas owner has been hit by political uncertainty following Labour leader Ed Miliband's pledge to freeze energy prices, as well as warmer weather and falling oil prices at its exploration business. After three
Read moreSector movers: Mining stocks rally on Chinese stimulus, but defensives fall
21st Nov 2014 15:20
A surprise interest-rate cut in China saw equity markets surge on Friday with cyclical mining stocks benefiting and defensive stocks feeling the brunt from an increase in risk appetite. Cyclical sectors are those that are closely and positively correlated to economic activity and, in the case of the
Read moreFTSE 100 movers: Miners jump as China cuts interest rates, oil stocks rise
21st Nov 2014 15:03
Mining stocks were dominating the risers list on the FTSE 100 on Friday after China's central bank surprised with an interest-rate cut in an effort to boost growth, raising hopes that the top metals consumer will be able to avert a hard landing. Anglo American, Fresnillo, BHP Billiton, Rio Tinto, An
Read moreFriday tips round-up: Centrica, Babcock
21st Nov 2014 13:41
There are far too many sources of uncertainty around integrated energy company Centrica right now. The company's businesses have been hit by warm weather and declining oil and gas prices. An improvement can be expected next year, but it will be largely offset by a change in the tax regime governing
Read more