London midday: Stocks fall ahead of EU summit
30th Jan 2012 11:55
London's blue chip index had fallen close to its lowest levels of the day by lunchtime ahead of the EU summit in Brussels. Meanwhile, markets were still digesting the downgrade of five Eurozone nations on Friday and the talks between the Greek government and private creditors that are still ongoing.
Read moreLondon open: Banks weigh on Footsie lower early on
30th Jan 2012 08:18
The FTSE 100 slipped towards the 5,700 level in early trade, with the banks providing a drag as investors digested the downgrade of five Eurozone nations and the ongoing talks in Greece. Fitch announced late on Friday to downgrade the ratings of five Eurozone nations - Italy, Spain, Belgium, Cyprus
Read moreLondon pre-open: FTSE down as Greek deal is a no show
30th Jan 2012 07:20
City sources predict the FTSE 100 will open down 30 points from yesterday's close of 5,734 after the weekend failed to bring news of a debt solution in Greece. Outsourcing specialist Capita has acquired Fish Administration from private equity firm Inflexion. Capita is acquiring the company for £21
Read moreCentrica raises stake in North Sea field
30th Jan 2012 07:00
British Gas owner Centrica is to pay ConocoPhillips $223m for its non-operated interests in the gas- and oil-producing Stratfjord field (and associated satellites) in the North Sea. "Increasing our stake in Statfjord marks the latest stage in our drive to secure high quality sources of gas for our
Read moreE.ON announces cut in UK electricity prices
16th Jan 2012 15:05
German energy firm E.ON is to cut its standard electricity prices in the UK in a move which it says will trim 31 quid from the typical householder's annual bill. The 6% price cut for its 3.7m UK customers will not come into effect until February 27th, however, and the group has not instigated any s
Read moreCentrica's British Gas to cut electricity prices
12th Jan 2012 12:44
Centrica has announced its wholly owned subsidiary, British Gas, is to reduce its standard domestic electricity rate by 5%. The change comes into effect immediately and will, claims the firm, make it "the cheapest major standard electricity supplier, on average, in Britain." The price change affec
Read moreThursday broker round-up - UPDATE
22nd Dec 2011 08:21
Kingfisher: Credit Suisse reiterates outperform rating and 310p target. Next: Credit Suisse maintains outperform rating and 3,000p target. Marks & Spencer: Credit Suisse cuts target from 345p to 334p, neutral rating unchanged. Home Retail: Credit Suisse cuts target from 85p to 70p, keeps underper
Read moreThursday tips round-up: Super Group and Centrica
15th Dec 2011 07:17
The Telegraph's Questor column looks at Centrica, the owners of British Gas. It issued a profit warning last month on reduced gas consumption caused by the mild winter. It also has a troubles with the government which is demanding a more simple charging structure so customers can actually understa
Read moreWednesday broker round-up - UPDATE
14th Dec 2011 10:09
Tesco: ING downgrades to sell from buy. Marks&Spencer: ING downgrades to sell from hold. Morrison: ING upgrades from hold to buy. Rio Tinto: Credit Suisse reiterates outperform recommendation and 5,000p target. London Stock Exchange: Credit Suisse upgrades from underperform to neutral, 850p tar
Read moreLondon midday: Stocks continue to fall, banks tumble
12th Dec 2011 11:49
The Footsie was trading just below the 5,500 level at midday, with banks and miners providing a drag on London's blue chip index. It seems that markets across Europe have given a lukewarm reaction to the 'fiscal compact' agreed by (some) EU leaders late last week, with indices in Paris, Frankfurt an
Read moreFTSE 100 Movers: Banks and miners head north
9th Dec 2011 14:44
The banks - Lloyds, RBS and Barclays - took the top spots, rising around 3% each, as markets digest last night's developments from the EU summit. Mining peers Fresnillo, ENRC, Kazakhmys, Xstrata and Antofagasta were also making gains. EU leaders have failed in a bid to make changes to the treatie
Read moreLondon open: Stocks flat, trading cautious after summit
9th Dec 2011 08:29
It was a flat start for the Footsie as investors digested the details coming from last night's pivotal summit, in which leaders failed to make sweeping changes to treaties which govern all 27 members of the European Union. EU SUMMIT DISAPPOINTS Britain blocked an agreement that would apply to all
Read moreLondon pre-open: Stocks seen lower after summit disappoints
9th Dec 2011 07:39
The Footsie is predicted to open with a steep fall on Friday morning after European leaders last night failed to agree on a treaty change for all 27 members of the EU. City sources predict the FTSE 100 will open down 59 points from yesterday's close of 5,484. Following a 10-hour meeting that ran i
Read moreCentrica buys Canadian gas fields
9th Dec 2011 07:06
British gas owner Centrica is to spend $58m (£37m) buying gas assets in Canada as it continues to grow its North American business. The 'Carrot Creek' assets include 80 producing wells, associated infrastructure and a gas processing plant with natural gas liquid extraction capability. Centrica cal
Read moreFaroe and Centrica complete sidetrack well
7th Dec 2011 12:44
Faroe Petroleum, an independent oil and gas company, has reported the completion of a successful initial side-track well on the Butch oil discovery, in which it has 15% stake, located in the Norwegian North Sea. An intital side-track was drilled to appraise for additional volumes of oil surrounding
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