Centrica lifts earnings guidance again
12th Jan 2023 07:06
(Sharecast News) - British Gas owner Centrica lifted earnings guidance again as volumes from its electricity generation and gas production operations remained strong amid surging energy prices for consumers.
Read moreRegulator fines three North Sea operators
19th Dec 2022 08:41
(Sharecast News) - Three North Sea operators have been fined by the regulator for breaching rules on emissions and security of supply.
Read moreNational Grid poised to start emergency winter plan
28th Nov 2022 07:22
(Sharecast News) - National Grid is considering paying British households to use less energy in peak times, it emerged on Monday.
Read moreOfgem attacked for dropping plan to ringfence consumer deposits
25th Nov 2022 11:43
(Sharecast News) - Britain's energy regulator has been attacked for failing to protect consumer deposits as part of measures to protect customers in the wake of several suppliers going bust last year.
Read moreSector movers: Power generators boosted by Autumn Statement, Oil and Gas drag
19th Nov 2022 22:00
(Sharecast News) - Interest rate sensitive construction and utilities shares paced gains at the end of the week following the Chancellor's well-received Autumn Statement the day before.
Read moreBarclays sees 'compelling value' in UK utilities after Budget clarity
18th Nov 2022 12:21
(Sharecast News) - Barclays said on Friday that the "energy tax overhang" was gone, as it welcomed the clarity brought by Chancellor Jeremy Hunt's announcement on windfall taxes in this week's Autumn Statement.
Read moreBulb administration costs soar to £6.5bn
17th Nov 2022 13:37
(Sharecast News) - The taxpayer bill for bailing out failed energy supplier Bulb has surged to £6.5bn, according to official documents released on Thursday.
Read moreEnergy firms resilient as Hunt announces new windfall taxes
17th Nov 2022 12:42
(Sharecast News) - Shares in energy firms initially slumped on Thursday after Chancellor Jeremy Hunt outlined new windfall taxes in his Autumn Statement, but prices quickly recovered.
Read moreHunt mulling fresh windfall tax on power generators - report
15th Nov 2022 10:59
(Sharecast News) - The chancellor Jeremy Hunt is considering introducing a 40% windfall tax on the "excess returns" of electricity generators as part of this week's Autumn Statement, it was reported on Tuesday.
Read moreCiti lifts Centrica price target, reiterates 'buy' rating
31st Oct 2022 13:03
(Sharecast News) - Citi lifted its price target on British Gas owner Centrica on Friday to 93p from 81p as it reiterated its 'buy' rating on the stock.
Read moreJefferies upgrades Centrica, Drax to 'buy'
31st Oct 2022 07:28
(Sharecast News) - Jefferies upgraded Centrica and Drax on Monday to 'buy' from 'hold' as it pointed to strong free cash flow generation and resilient balance sheets.
Read moreEnergy firms rally as Hunt scales back support package
17th Oct 2022 11:39
(Sharecast News) - Energy firms rallied on Monday as chancellor Jeremy Hunt announced in his emergency statement that energy support in the form of a freeze on bills will be reviewed in April.
Read moreMinisters pressing ahead with renewable energy windfall tax - report
10th Oct 2022 10:34
(Sharecast News) - UK ministers are reportedly pressing ahead with plans to cap prices at renewable energy generators, after talks failed to persuade them to voluntarily fix contracts well below the current wholesale rates.
Read moreSuppliers must do more to help struggling customers - Ofgem
27th Sep 2022 09:39
(Sharecast News) - Energy suppliers must do more to help customers in payment difficulties, Ofgem warned on Tuesday.
Read moreJPMorgan upgrades SSE to 'overweight'
20th Sep 2022 07:59
(Sharecast News) - JPMorgan Cazenove upgraded SSE on Tuesday to 'overweight' from 'neutral' and hiked the price target to 2,100p from 1,585p.
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