Costain awarded further contract with Centrica Energy at Barrow
9th Jun 2014 07:50
Costain Group, which provides engineering consultancy, construction and maintenance services, has landed a contract with Centrica Energy for the provision of Engineering Procurement and Construction (EPC) services on its Barrow Gas Terminals Project. The deal follows the Front End Engineering Desig
Read moreCentrica "could face Qatari takeover bid"
6th Jun 2014 12:12
British Gas owner Centrica could face a takeover bid from Qatar or Electricite de France (EdF), according to reports citing market talk. Qatari investors had approached Centrica shareholders with an offer to buy "big lines of stock" ahead of a potential cash bid for the group, various newspapers re
Read moreLondon midday: Stocks up ahead of non-farm payrolls, UK trade data worsens
6th Jun 2014 11:32
- Markets upbeat ahead of US jobs data - UK trade deficit at highest level since November - ECB still in focus - M&A speculation surrounds Smith & Nephew, Centrica techMARK 2,844.51 +0.70% FTSE 100 6,831.30 +0.26% FTSE 250 16,137.01 +0.88% A worse-than-expected increase in the UK trade deficit cou
Read moreLondon open: UK stocks rise ahead of US non-farm payrolls
6th Jun 2014 08:34
- ECB moves still in focus - Markets await jobs report this afternoon - Smith & Nephew pauses after strong run - Centrica lifted by bid speculation techMARK 2,834.66 +0.35% FTSE 100 6,830.78 +0.25% FTSE 250 16,044.41 +0.31% UK markets bounced off a two-and-a-half week low on Friday following anoth
Read moreFriday newspaper round-up: Juncker, Morrisons, Saga
6th Jun 2014 07:31
The frontrunner to head the European Commission has lashed out at Britain in a sign of sharply increasing tensions between Downing Street and Brussels over the race for the top job. Jean-Claude Juncker, the arch-federalist whose election would horrify David Cameron, told a private meeting of Europea
Read moreSector movers: Utility stocks sink as water group Pennon underwhelms
3rd Jun 2014 14:28
The gas, water and the multi-utilities sector was under the weather on Tuesday on the back of a poor reaction to the latest results from water utility and waste management group Pennon. Shares in Exeter-based Pennon, which owns South West Water (SWW), were down 3% at 760p in afternoon trade despite
Read moreSunday newspaper round-up: Lloyds Banking, Tesco, AstraZeneca
1st Jun 2014 14:03
Lloyds Banking Group has given TSB a £450m "dowry" as part of its £15bn initial public offering, the Sunday Telegraph reported. The small print of the TSB offer document reveals that Lloyds will pay up to £450m of integration costs if TSB changes its technology platform or is taken over. The unusual
Read moreFTSE 100 movers: Smith & Nephew rises on Stryker bid chatter
29th May 2014 15:35
Medical device maker Smith & Nephew was a high riser again after reports yesterday suggested that US peer Stryker was working on a bid for the firm. While the rumours were denied by Stryker, Smith & Nephew's share price was continuing to extend gains this morning after Credit Suisse said it sees "me
Read moreLondon midday: Smith & Nephew leads UK markets higher
29th May 2014 11:45
- FTSE 100 nears two-week high, S&P 500 to retest records - US GDP revisions due out this afternoon - Smith & Nephew extends gains amid M&A speculation - Kingfisher disappoints with Q1 results techMARK 2,815.99 +0.58% FTSE 100 6,872.56 +0.31% FTSE 250 16,017.89 +0.52% UK stocks were heading toward
Read moreLondon open: Stocks inch towards two-week high ahead of US data
29th May 2014 08:51
- Smith & Nephew up as M&A speculation continues - Kingfisher disappoints with Q1 results - FTSE 100 on track to hit two-week high - Chinese stimulus, US GDP in focus - Rates to rise "sooner rather than later", says MPC's Weale techMARK 2,803.00 +0.11% FTSE 100 6,866.03 +0.22% FTSE 250 15,947.93 +0
Read moreAggreko names Centrica director Weston as new CEO
29th May 2014 07:32
Aggreko, the temporary power and temperature control services group, has appointed Centrica board member Chris Weston as its new Chief Executive Officer (CEO). Weston, currently Managing Director of Centrica's International Downstream division, will replace Aggreko's interim CEO Angus Cockburn who
Read moreThursday newspaper round-up: Centrica, Pensions, Mitchells & Butlers
29th May 2014 07:05
British Gas is set to lose its second boss in quick succession with the imminent departure of Chris Weston, who has been poached by Aggreko, the FTSE 100 temporary power provider. Centrica, the owner of Britain's largest energy supplier, is expected to confirm the move in an announcement to the stoc
Read morePremier Foods Senior Independent Director adds 200,000 to stake
16th May 2014 16:10
Ian Krieger, the Senior Independent Director of Premier Foods, acquired 200,000 shares in the food manufacturing, processing and distribution group. Krieger, who joined the company in late 2012, paid 54.25p a share, spending a total of £108,500. Last month the company reported lower sales of its
Read moreThursday broker round-up UPDATE
15th May 2014 09:43
Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl
Read moreCentrica JV to buy Canadian natural gas assets from Shell
15th May 2014 09:33
British Gas owner and energy group Centrica is to buy a package of natural gas assets in the Foothills region of Alberta, Canada. CQ Energy Canada Partnership (CQE), the joint venture between Centrica and Qatar Petroleum International (QPI), is buying the assets from Royal Dutch Shell's Canadian su
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