Wednesday newspaper share tips: Severn Trent, IGas
25th May 2016 14:13
(ShareCast News) - Shares in Severn Trent are best avoided as investors´ search for yield has driven down the dividend yield on offer, The Times´s Tempus said. As might have been expected, the water supplier achieved bigger-than-expected cost-savings in the first year of the new regulatory period
Read moreAIM oil and gas explorers surge on Yorkshire fracking decision
24th May 2016 14:55
(ShareCast News) - UK onshore oil and gas explorers IGas Energy and Egdon Resources were among those celebrating the approval granted to a fracking project in Yorkshire late on Monday. Councillors in North Yorkshire voted to back plans by privately owned Third Energy, said to be the first scheme to
Read moreIGas Energy revenue more than halves
16th Mar 2016 10:42
(ShareCast News) - AIM-listed oil and gas exploration and development company IGas Energy said earnings slipped as revenue in the nine months to the end of December more than halved. Revenue fell to £25.1m from £58.2m for the year to the end of March as earnings before interest, taxes, depreciation
Read moreIgas Energy appoints Julian Tedder as CFO
26th Aug 2015 09:25
(ShareCast News) - Igas Energy has appointed Julian Tedder as chief financial officer and board director of the company with effect from 28 September. Tedder is a chartered accountant with 15 years' senior management experience both at operational and group level within the international oil and gas
Read moreThursday broker round-up
7th May 2015 16:39
Morrison: Shore Capital reiterates buy. Direct Line Insurance Group: Canaccord Genuity reiterates buy and 350p target. BAE Systems: Charles Stanley reiterates accumulate. GlaxoSmithKline: UBS reiterates buy and 1,700p target. Aviva: Panmure Gordon reiterates buy and raises target to 660p from 600
Read moreMonday broker round-up
16th Mar 2015 15:59
Bodycote: N+1 Singer downgrades to hold. Morrrison: Deutsche Bank lifts target to 210p from 190p and reiterates hold. Centrica: Deutsche Bank reiterates hold and 280p target price. Rio Tinto: HSBC downgrades to neutral. IGas Energy: Cannacord Genuity lowers target to 85p from 125p and reiterates
Read moreIGas Energy jumps on Ineos deal
10th Mar 2015 12:09
IGas Energy, Britain's biggest shale gas developer, has secured a £30m shale gas deal with Switzerland-based petrochemical and refining company Ineos. The agreement will see IGas' list of partners grow and will give Ineos, which has committed to invest up to £138m to develop shale gas fields across
Read moreIGas Energy expands oil drilling operations
17th Nov 2014 14:07
Oil & gas explorer and producer IGas Energy has taken a step forward in its drive to expand its oil operations in the North West of England. The company announced the start of drilling on a well at Ellesmere Port, Cheshire on Saturday. According to IGas, the vertical exploration well will allow futu
Read moreDisclosure around CEO's share dealings 'Full And Correct', says Igas
14th Nov 2014 17:02
Igas Energy said its previous communication to investors over its chief executive's (CEO) facility with Equities First Holdings represented "full and correct disclosure" under market rules. On 16 January, Igas said that Andrew Austin, the group CEO, had purchased 300,000 shares in the company at a p
Read moreTrap Oil cuts jobs and sells IGas Energy stake
4th Nov 2014 13:55
North Sea oil & gas group Trap Oil announced a management shake-up, cost cuts from job losses and the £1.86m sale of the rest of its stake in IGas Energy. Trap, which is focused on the UK Continental Shelf, said chief executive Mark Groves Gidney and chief operating officer Paul Collins quit at the
Read moreUK shale explorer IGas Energy annual results meet forecasts
25th Jun 2014 15:39
Annual results from UK onshore hydrocarbon group IGas Energy broadly met analysts' forecasts on Wednesday as the company reported growth in both revenues and operating profits in the year to March 31st. Revenues increased to £75.9m during the 12-month period, from £68.3m the year before, helped by
Read moreMonday newspaper round-up: Shire, China housing, IGas
2nd Jun 2014 07:01
Shire has lined up a $5bn credit facility from banks led by Citigroup to finance a takeover offer for NPS Pharmaceuticals, an American developer of a new drug for sufferers of a debilitating bowel condition. An initial approach to NPS by Shire has been rebuffed, according to insiders. However, a for
Read moreThursday broker round-up UPDATE
15th May 2014 09:43
Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl
Read moreSunday newspaper round-up: Lloyds, Tesco, Mothercare, Legal & General
19th Jan 2014 15:44
The government could sell its next batch of Lloyds Banking Group shares as early as mid-February, the Sunday Telegraph said. The sale would be a book-build for institutional investors followed by a large offer to retail investors. Labour leader Ed Miliband's call for the breakup of Britain's biggest
Read moreUK shale gas firm IGas climbs as CEO indicates confidence
16th Jan 2014 16:19
IGas Energy, a British onshore oil and gas explorer and developer, was one of the top risers on AIM on Thursday as Chief Executive Andrew Austin dipped into the market. Austin shelled out £0.4m on 300,000 shares at 135.38p, even though the shares are trading around all-time highs. The purchase in
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