CKI indicates 465p per share for Northumbrian
11th Jul 2011 07:22
Hong Kong infrastructure group Cheung Kong has made a non-binding indicative proposal to bid for UK water and waste management group Northumbrian Water, offering 465p cash per share plus the right to retain the recently declared net final dividend of 9.57p. News of the Cheung Kong takeover approach
Read moreSunday tips round-up: BHP, Northumbrian Water, Group NBT, wine
3rd Jul 2011 13:57
A growing number of connoisseurs are buying wine not simply to drink but to make money, writes Midas in the Mail On Sunday. Potential investors do not have to spend thousands of pounds on a single bottle to participate in this market. Instead, they can use the services of specialists such as Vin-X
Read moreLondon close: Stocks near 6,000 as rally continues
1st Jul 2011 16:27
London's leading share index made a valiant incursion towards the 6,000 point mark heading into the weekend, but fell just short. The gains capped a good week for the FTSE 100 following the Greek parliament's vote in favour of austerity measures that could mend its wrecked finances. Today's stando
Read moreFTSE 250 movers: M&A news rules market sentiment
1st Jul 2011 15:39
Merger activity once again ruled market sentiment with water and waste management group Northumbrian Water and defence group QinetiQ coming into focus. Northumbrian Water confirmed that it received an offer proposal from Hong Kong infrastructure group Cheung Kong. The statement comes after Cheung
Read moreLondon midday: FTSE 100 inching towards 6,000 points
1st Jul 2011 12:21
The 6,000 point mark is in sight now as the top share index adds to yesterday's gains. That said, there is little in the way of excitement with yesterday's flood of company results slowing to a trickle. Pub group Greene King, which yesterday reported a big rise in profits but also reported volati
Read moreLondon open: Stocks edge higher, Premier Foods slide continues
1st Jul 2011 08:32
Stocks have edged higher on a quiet day on the company news front following yesterday's deluge. Pub group Greene King, which yesterday reported a big rise in profits but also reported volatile trading since the year end, sending the shares lower, has won back some losses. However, Hovis bread maker
Read moreNorthumbrian Water confirms Cheung King offer proposal
1st Jul 2011 07:08
Water and waste management group Northumbrian Water has confirmed that it received a proposal about an offer from the Hong Kong infrastructure group Cheung Kong. The statement comes after Cheung King said on Monday that it was in the initial stages of sizing up an offer for the northeast England-ba
Read moreLondon pre-open: Flat start in store
1st Jul 2011 07:03
London looks set for a quiet end to what has been a buoyant week with City traders expecting the Footsie to open more or less unchanged. There is not much corporate news to generate enthusiasm, and with the Greek can of worms kicked further down the road, the macro-economic scene is looking placid
Read moreWednesday tips round-up: Capita, Halma, Northumbrian Water...
29th Jun 2011 06:36
Capita bosses were doing the Lambeth walk yesterday as they picked up a £60m, 10-year contract with the London borough to deliver a range of services. The scope of the deal could be widened to make it worth up to £300m over time. While others reliant on Government work for revenues have been feeling
Read moreNorthumbrian Water jumps as Cheung Kong mulls bid
27th Jun 2011 16:22
Shares in Northumbrian Water gushed higher after Hong Kong Infrastructure group Cheung Kong (CKI) said it was sizing up an offer for the water and waste management group. "CKI is in the preliminary stages of assessing a potential cash offer for Northumbrian Water," the company said. "There can be
Read moreHigher charges lift sales by 5% at Northumbrian Water
1st Jun 2011 15:10
Full-year revenue at Northumbrian Water grew by 5% from £704.7m to £738.1m in the 12 months ended 31 March, as the water group was able to raise prices in line with an Ofwat review. The group said that water and sewerage charges increased in line with the price review allowance of 5% plus the Novem
Read moreAverage rise of 4.6% for water bills
25th Feb 2011 12:16
Rising inflation rates are feeding through to water bills with consumers facing an average increase in annual charges of 4.6%, according to Ofwat. The water industry regulator had agreed with the water companies that average bills should fall by 0.1% before inflation is taken into account. The inf
Read moreLondon close: No US jobs lift for FTSE 100
4th Feb 2011 16:40
The top share index finished the week just below 6,000 points after a sluggish day's trading. Traders were unsure how to react to US jobs data. Nonfarm payrolls rose just 36,000 last month, the Labor Department said Friday, well below forecasts of at least 140,000. On the bright side, December's nu
Read moreLondon afternoon: Footsie recovers from US jobs jolt
4th Feb 2011 14:40
The Footsie kept its head above 6,000 over the lunchtime period despite a negative reaction to US jobless figures at 1:30. Nonfarm payrolls rose just 36,000 last month, the Labor Department said Friday, well below forecasts of at least 140,000. On the bright side, December's number was revised up t
Read moreCold snap not a worry for Northumbrian
1st Feb 2011 08:28
Water group Northumbrian Water said revenues and operating costs are expected to be of a similar level in the second half of its financial year to those for the first half. The company said the cold snap in December had caused delays in the capital expenditure programme at its principal subsidiary,
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