Centrica: Weston to be put forward as future head of British Gas
15th Feb 2013 08:49
Integrated energy company Centrica has responded to recent press speculation regarding the likely successor to Phil Bentley as head of British Gas. The FTSE 100-listed energy retailer said: "It is expected that a proposal that Chris Weston will succeed Phil Bentley as the director responsible for B
Read moreTuesday newspaper round-up: Cyprus, RBS, Heathrow...
12th Feb 2013 07:03
Cyprus is likely to receive its long-awaited eurozone bailout by the end of March, according to the European Central Bank executive Jörg Asmussen, pictured. Cyprus is hoping to secure a 17.5bn euros (14.8bn pounds) bailout from other European member states, but some German politicians have been hesi
Read moreMonday broker round-up UPDATE
11th Feb 2013 07:41
Aquarius Platinum: Deutsche Bank shifts target price from 82p to 83p keeping a buy recommendation. AstraZaneca: JP Morgan cuts target price from 2970p to 2750p and retains an underweight rating. Avation: WH Ireland ups target price from 120p to 140p, while its buy recommendation is kept. Bellway:
Read moreFriday tips round-up: Icap, Dairy Crest, Centrica
8th Feb 2013 06:57
Tempus yesterday pointed out that one of his picks for 2013, Lamprell, was up 53 per cent so far and suggested investors might take some profits. A second, Thomas Cook, is up 78 per cent so far, after yesterday's update. For him the best option for nervous investors may be that 78 per cent in five w
Read moreWednesday broker round-up UPDATE
6th Feb 2013 10:12
ARM Holdings: Investec ups target price from 900p to 940p, maintaining its hold recommendation. JP Morgan increases target price from 540p to 625p and retains a neutral rating. UBS moves target price from 900p to 930p, while its neutral rating is reiterated. Espirito Santo raises target price from 8
Read moreFTSE 100 movers: Hargreaves Lansdown rises ahead of results
5th Feb 2013 15:00
Financial services firm Hargreaves Lansdown rose to the top of the FTSE 100 Tuesday - one day ahead of its interim results. Analysts at Barclays today raised their price target on the firm's shares to 820p from 800p. Microprocessor IP licensing company ARM Holdings was also climbing the ladder aft
Read moreTuesday broker round-up UPDATE
5th Feb 2013 07:14
Alternative Networks: Westhouse Securities downgrades from add to neutral with a target price of 280p. Anite: Northland Capital shifts target price from 153p to 167p leaving its buy recommendation unchanged. Barratt Developments: Liberum Capital raises target price from 165p to 259p and retains a
Read moreLondon midday: Stocks fall on profit-taking after recent surge
4th Feb 2013 11:30
UK stocks were registering moderate losses on Monday morning as traders began to lock in profits following a strong start to the year. The FTSE 100 jumped a whopping 6.4% last month, its best January performance since 1989. "After impressive recent gains, European equities cooled in early trade th
Read moreBroker tips: Centrica, Meggitt, 888 Holdings
4th Feb 2013 11:25
Seymour Pierce has retained its 'buy' rating and 403p target price for Centrica after the energy giant revealed on Monday that it would not be proceeding further in nuclear build in the UK and would be launching a buy-back programme. "This announcement removes some uncertainty around Centrica's inv
Read moreBroker snap: Centrica's nuclear new build exit removes uncertainty, says Seymour Pierce
4th Feb 2013 10:57
Seymour Pierce has retained its 'buy' rating and 403p target price for Centrica after the energy giant revealed on Monday that it would not be proceeding further in nuclear build in the UK. The joint venture with EDF Energy (80% EDF: 20% Centrica) was formed to undertake pre-development activitie
Read moreCentrica launches 500m-pound share repurchase programme
4th Feb 2013 10:08
FTSE 100 listed integrated energy company Centrica has announced the launch of a 500m-pound share repurchase programme following its decision not to participate in a UK nuclear new build. In 2009, Centrica acquired a 20% interest in EDF Energy's eight operational nuclear power stations in the UK an
Read moreMonday newspaper round-up: Barclays, Centrica, George Osborne...
4th Feb 2013 06:51
The last vestiges of Barclays' old guard are being swept away in a clearout that has claimed the finance director and the bank's legal chief. Chris Lucas, the finance director since 2007, and Mark Harding, the group general counsel who has been with Barclays for ten years, are stepping down, the len
Read moreFriday newspaper round-up: British Gas, UK austerity, Microsoft...
25th Jan 2013 06:56
Hundreds of workers in the insulation industry are at risk of losing their jobs after British Gas broke a promise to insulate thousands of homes free of charge, The Times has learnt. Britain's biggest energy supplier prematurely pulled a multimillion-pound programme to insulate an estimated 40,000 h
Read moreLondon close: Footsie jumps one per cent as economic data impresses
24th Jan 2013 17:09
Better-than-expected economic data lifted the FTSE 100 over one per cent higher on Thursday afternoon, as markets shrugged off disappointing results from the world's largest technology company, Apple. American jobless claims and a US manufacturing survey from Markit came in better than forecasts to
Read moreLondon midday: Markets boosted by economic data from Europe and China
24th Jan 2013 11:20
London's benchmark index was registering decent gains by Thursday lunchtime as earlier concerns about disappointing earnings from Apple were outweighed by better-than-expected economy data from Europe and China. Investors began today's session in a cautious fashion with the FTSE 100 struggling to
Read more