One tenth of Centrica shareholders unhappy with remuneration
11th May 2012 17:26
Over a tenth of Centrica's shareholders voted against the energy provider's remuneration report at its annual general meeting (AGM) on Friday. Centrica, which provides energy under the British Gas and Scottish Gas brands, said this afternoon that 88.09% of investors voted in favour of the remunerat
Read moreLondon close: US sentiment data sparks late rally
11th May 2012 16:36
- US consumer sentiment at post-recession high - Banks weighed down by JP Morgan surprise trading loss - Miners pressured lower by Chinese data After a weak start, the FTSE 100 surged in afternoon trade on the back of some upbeat consumer sentiment data Stateside which helped to offset gloomy econo
Read moreBritish Gas owner Centrica feels cold blast from critics
11th May 2012 15:28
Although the City pages of Saturday's papers may focus on Centrica's trading patterns, outlined in a statement issued on Friday, the front page news is likely to be the energy provider's thinly veiled warning that fuel bills are set to go up later this year. Centrica, which provides energy under th
Read moreFriday broker round-up
11th May 2012 09:08
Aquarius Platinum: UBS cuts target from 155p to 110p, neutral rating kept. ARM Holdings: finnCap upgrades from hold to buy, target left at 575p [ARM is a corporate client of finnCap]. BT Group: Nomura reiterates buy recommendation and 295p target. Catlin: Nomura keeps buy rating and 506p target.
Read moreLondon pre-open: Stocks to track Asian markets lower
11th May 2012 07:28
City sources predict the FTSE 100 will open down 41 points from yesterday's close of 5,545, tracking losses in Asian markets as mixed Chinese data leaves investors wanting more. International Consolidated Airlines Group (IAG) reported an operating loss of €249m in the first quarter, an outcome wor
Read moreRetail energy costs still rising, says Centrica
11th May 2012 07:04
Higher gas and power prices have been offsetting lower usage levels this year at Centrica, leaving the gas and electricity provider trading in line with expectations. UK wholesale gas costs are around 15% higher for next winter than last, and non-commodity costs are expected to add a further £50 to
Read moreLondon close: Footsie pares gains after gloomy GDP data
25th Apr 2012 16:36
- UK back in recession, GDP figures show - Markets await FOMC statement - Miners gain after China says growth will be 'robust' Despite a strong start, the FTSE 100 finished only mildly higher on Wednesday afternoon as investors digested some worse-than-expected UK economic data. The Office for Nat
Read moreFTSE 100 movers: Miners leap on Chinese PM's comments
25th Apr 2012 15:21
Miners were in demand following comments from Chinese Prime Minister Wen Jiabao that the government is committed to reforms in the country that are expected to ensure growth in the second-largest economy in the world remains robust. Vedanta was the biggest riser, up over four per cent, with Xstrat
Read moreLondon midday: Stocks pare gains after GDP data
25th Apr 2012 11:54
- Footsie gains despite GDP data - Draghi continues to see downside risks - ARM rises on Apple earnings, broker upgrades After a strong start, the FTSE 100 index pared gains in mid-morning trade following some gloomy economic data that showed that the UK fell back into a 'technical' recession in th
Read moreLondon open: Stocks rise ahead of GDP data
25th Apr 2012 08:16
- Q1 GDP expected to be flat - ARM up on upgrades, Apple earnings - Ex-div stocks lead the downside Stocks rose moderately in early trade on Wednesday as the Footsie still attempts to recover from Monday's steep sell-off. The release of first-quarter gross domestic product (GDP) figures for the UK
Read moreEnergy companies to tell you their lowest tariffs
11th Apr 2012 08:15
The UK's biggest energy providers have done a deal with the government that will see them write to customers every year to tell them what their best tariff is and how to get it. The six firms, EDF, E.On, British Gas, Southern, Scottish Power and NPower, supply 99% of British homes with energy. The
Read moreCapital Shopping Deputy Chairman fills his basket
10th Apr 2012 15:54
John Whittaker, Deputy Chairman of Capital Shopping Centres, the FTSE 100 shopping centre operator, has taken 28,250 shares to the till. His purchases, 324.80p each, cost him a total of £124,236. Whittaker may have been making the most of the firm's share price, which is down 68p or 17.5% over th
Read moreMonday broker round-up
2nd Apr 2012 09:26
Ashtead: Jefferies reiterates buy rating and 300p target. Bodycote: Jefferies maintains buy recommendation and 475p target; Investec raises target from 400p to 410p, buy rating kept. BT Group: Jefferies raises target from 237p to 268p, buy rating maintained. Centrica: Investec ups target from 423
Read moreCarillion bags contracts with Centrica and Gatwick
28th Mar 2012 07:02
Support services firm Carillion has won two support services and construction contracts worth a total of 95m pounds. The first is with FTSE 100 utilities giant Centrica, which owns British Gas, to provide it with facilities and energy efficiency services for 92 properties with a total area of 8.6m
Read moreLondon midday: Macro data weighs on stocks
22nd Mar 2012 11:43
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks The Footsie was firmly lower by lunchtime as a result of heavy losses in the mining sector on the back of some gloomy economic data from China.
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