London midday: Profit-takers weaken ARM
2nd Sep 2010 12:07
London completed an indecisive morning with the blue-chip index marginally in the red. Investors have shown little inclination to chase prices higher after yesterday's strong advance and economic data has not been helpful to sentiment. UK construction sector growth slowed for the third month in a
Read morePower giants in mis-selling probe
2nd Sep 2010 10:12
Four of the UK's 'big six' power suppliers could face hefty fines after industry regulator Ofgem launched a probe into the mis-selling of household gas and electricity contracts. EDF Energy, npower, ScottishPower and Scottish and Southern Energy are being investigated after renewed complaints about
Read moreGETECH chairman buys
30th Jul 2010 17:18
Peter Stephens, the chairman of oil exploration data services provider GETECH Group, has bought shares for the fourth time in four months. Yesterday, AIM-quoted GETECH said trading continues to recover in the second half. Management expects to report an operating profit in the six months to July 2
Read moreMARKET TALK: Exane BNP Paribas Upgrades Centrica To Neutral
29th Jul 2010 10:37
0937 GMT [Dow Jones] Exane BNP Paribas upgrades Centrica (CNA.LN) to neutral from underperform and increases the price target by 46% to 350p. Says it is now more confident regarding Centrica's retail margins for the next few years. Should market gas prices remain relatively low as expected, says it
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
29th Jul 2010 10:37
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0937 GMT [Dow Jones] Exane BNP Paribas upgrades Centrica (CNA.LN) to neutral from underperform and increases the price tar
Read moreLondon close: Thumbs down for company updates
28th Jul 2010 16:36
Company updates gave traders plenty to mull over and after an uncertain start to the day, shares closed firmly in the red. Centrica slipped even after the British Gas owner's underlying interim profits jumped 65%. Earnings in the half-year to June rose to £886m from £537m on revenues of £11.7bn, ba
Read moreSmall Delays For UK Nuclear Could Have Wider Impact - Centrica
28th Jul 2010 14:59
LONDON (Dow Jones)--Even small delays to licensing, planning and design approvals for new nuclear power stations in the U.K. could lead to much broader complications that would hinder the country's ability to meet power generation and climate change targets, the head of U.K. utility Centrica PLC (CN
Read moreLondon afternoon: US durable goods blow for equities
28th Jul 2010 14:56
With US markets opening on a weak note leading stocks in London have continued their downward drift. US stocks fell back after US durable goods orders in June fell for a second successive month. June's 1% fall was in contrast to expectations of a rise of similar magnitude. Centrica is in retreat ev
Read moreLondon midday: Shares turn south
28th Jul 2010 12:17
Mining stocks are doing their bit to shore up the Footsie but the majority of leading shares are now in retreat, including most of the big names that issued corporate updates today. Higher metal prices boost demand for miners such as Xstrata, Vedanta and BHP Billiton. Rio Tinto is also wanted after
Read moreCentrica: UK Caythorpe Gas Storage Facility On Hold For Now
28th Jul 2010 10:07
LONDON (Dow Jones)--U.K. utility Centrica PLC (CNA.LN) said Wednesday it had decided not to proceed, at least for now, with its Caythorpe gas storage project in northern England due to regulatory uncertainty and reduced profitability. Centrica has also delayed an investment decision on the Baird
Read moreUPDATE:Centrica First-Half Operating Profit Up On Buys,Weather
28th Jul 2010 09:55
(Adds analyst comment, detail.) By Selina Williams Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. utility Centrica PLC (CNA.LN) Wednesday posted a 65% rise in adjusted operating profit for the first half of 2010, on cold weather and as profits from its retail energy supply business of
Read moreLondon open: Footsie higher after results flood
28th Jul 2010 08:47
London's blue chips have opened despite a mixed reception to some of the announcements on another busy day for company results. Banks are still going well after the reports yesterday that new capital requirements might be less onerous than previously expected. Royal Bank of Scotland and Barclays ar
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
28th Jul 2010 08:29
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0729 GMT [Dow Jones]--Centrica's (CNA.LN) 1H 2010 earnings seen neutral for shares, says Citi analyst Peter Atherton. "Th
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING -2-
28th Jul 2010 08:29
exceed PHP910 billion target; could increase by more than 10% from this year's collection goal of PHP860 billion. National Bank of New Zealand's Business Outlook survey showed NZ's July business confidence eased to net 27.9% of respondents expecting conditions to improve over next 12 months vs June'
Read moreMARKET TALK: Centrica 1H 2010 Results Seen Neutral -Analyst
28th Jul 2010 08:29
0729 GMT [Dow Jones]--Centrica's (CNA.LN) 1H 2010 earnings seen neutral for shares, says Citi analyst Peter Atherton. "The market expected good results and they delivered them," he says. Citi has a buy on the stock and a target of 310p. Centrica posted a 65% rise in adjusted operating profit for th
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