Ceres Power Holdings To End year With GBP40M Cash, Investments
2nd Jul 2010 07:37
LONDON (Dow Jones)--Ceres Power Holdings PLC (CWR.LN), an AIM-quoted alternative energy company, said Friday it expects to end its financial year on June 30, in a robust financial position with net cash and short-term investments of not less than GBP40 million, in line with previous guidance. MA
Read moreNational Grid: LNG Cargo Berths At Isle Of Grain Monday
29th Jun 2010 15:22
LONDON (Dow Jones) --U.K. natural gas grid operator National Grid PLC (NGG) said Tuesday the Gaselys liquefied natural gas ship berthed at its Isle of Grain regassification terminal in Kent, southeast England, Monday. The Isle of Grain terminal is able to import 9.8 million metric tons of LNG a
Read moreSiemens Wins GBP101 Mln Deal To Link UK Offshore Wind Farm To Grid
28th Jun 2010 13:17
LONDON (Dow Jones)--Germany's Siemens AG (SI) said Monday it has been awarded a GBP101 million contract to connect the Lincs U.K. offshore wind farm to the electricity grid, as companies in the U.K. start to ramp up offshore wind power. Siemens Energy is also supplying 75 of its 3.6 megawatt win
Read moreLondon close: Footsie sinks to two-week low
24th Jun 2010 16:42
An afternoon rally fizzled as Wall St opened lower sending Footsie close to its low for the day. Miners were a poor market all day and ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrata were the big losers on fears of a double-dip recession. Elsewhere in the resource sector oil giant BP said the low
Read moreFTSE 100 movers: Miners decline on double-dip fear
24th Jun 2010 15:17
Recession fears have knocked miners today. Concerns about demand mean that seven out of the top ten fallers are miners. Kazakhmys and ENRC top the fallers. BP continues to decline after further problems with the Deepwater Horizon. However, the lower marine riser package (LMRP) cap containment sy
Read moreLondon afternoon: Utilities in demand
24th Jun 2010 14:23
Leading shares continued to pare losses over the lunch time session and though the Footsie remains in negative territory, much of that us due to the weakness of mining stocks. ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrataare the big losers in the sector as concerns about Europe's debt crisis resu
Read moreNational Grid: LNG Cargo Berths At Isle Of Grain Thursday
24th Jun 2010 13:37
LONDON (Dow Jones)--U.K. natural gas grid operator National Grid PLC (NGG) Thursday said the Al Oraiq liquefied natural gas ship berthed at its Isle of Grain regassification terminal in Kent, England, Thursday. The Isle of Grain terminal is able to import 9.8 million metric tons of LNG a year.
Read moreMARKET TALK: JPMorgan Lifts Centrica Price Target
24th Jun 2010 07:17
0617 GMT [Dow Jones] JPMorgan Cazenove lifts Centrica (CNA.LN) price target to 385p from 365p. This takes account of the recent rally in UK gas prices, the changes to corporation tax announced in Tuesday's budget and the company's May 10 interim statement. The updated target price implies 29% upside
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
24th Jun 2010 07:17
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0617 GMT [Dow Jones] JPMorgan Cazenove lifts Centrica (CNA.LN) price target to 385p from 365p. This takes account of the rece
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jun 2010 07:19
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0619 GMT [Dow Jones] The VAT increase announced by the UK Chancellor will benefit UK water and energy networks, says Deutsche
Read moreMARKET TALK: VAT Hike Good For UK Water, Energy - Deutsche
23rd Jun 2010 07:19
0619 GMT [Dow Jones] The VAT increase announced by the UK Chancellor will benefit UK water and energy networks, says Deutsche Bank. Says the increase will be a benefit for the regulated networks since it will feed through to inflation via the retail price index. Says the government's revised RPI for
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 07:48
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0648 GMT [Dow Jones] Barclays Capital initiates coverage of Centrica (CNA.LN) at underweight, with 295p price target. Says Ce
Read moreMARKET TALK: Barclays Capital Starts Centrica At Underweight
22nd Jun 2010 07:48
0648 GMT [Dow Jones] Barclays Capital initiates coverage of Centrica (CNA.LN) at underweight, with 295p price target. Says Centrica has outperformed the utilities sector by around 25% over the last 12 months. Says the outperformance has been due to an improving outlook for the company's downstream b
Read moreApplications Given Early Antitrust Clearance
21st Jun 2010 14:51
The Hart-Scott-Rodino Act requires under certain circumstances that prospective acquirers of voting securities or assets apply for clearance from regulators. Requests for early termination or clearance are granted when the Federal Trade Commission and the antitrust division of the Department of Just
Read moreUPDATE: SeaEnergy Seeks Buyer For Wind Farm Unit
18th Jun 2010 11:04
(Adds executive and analyst comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Renewable energy firm SeaEnergy PLC (SEA.LN) Friday said it is seeking a buyer for its wind farm development unit and will focus instead on servicing offshore turbines, after investors balke
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