OFT investigates anaerobic digestion opportunity
21st Jan 2011 14:54
The Office of Fair Trading (OFT) is investigating the market for the treatment of organic waste in order to assess whether there are appropriate incentives for technologies such as anaerobic digestion. It is government policy to encourage the generation of energy from waste through anaerobic dige
Read moreWednesday tips round-up: BT, Shell, Electra...
1st Dec 2010 07:03
BT recently reported an excellent set of operating figures; debt continues to fall; there has been good news on its pension deficit; and there is a chance the dividend could now offer real growth. As debt is reduced, the pension hole managed and its credit rating improves, the company should be abl
Read moreLondon close: Late blow for Footsie
30th Nov 2010 16:28
Blue chips climbed out of the red late afternoon as losses across the Atlantic narrowed, but a late sell-off took the leading index back into negative territory and a new two-month low. A better than expected read on US consumer confidence helped trim the deficit on Wall Street, although fears abou
Read moreLondon afternoon: Vedanta falls after yanking flotation
30th Nov 2010 15:02
Though the majority of its constituents are lower, the FTSE 100 index is little changed on the day. Financials remain unnerved by worries over the future of the eurozone but otherwise the picture remains mixed, as it has been for most of the day. In a mixed mining sector Vedanta heads lower after i
Read moreSteady trading at Northumbrian Water
30th Nov 2010 07:48
Northumbrian Water reported steady demand among domestic and industrial customers as it posted higher revenues and profits in the half year to 30 September. Pre-tax profits climbed to £151.3m from £139.3m on revenues that rose to £369.4m from £351.2m, but net debts were also higher, climbing to £2.
Read moreWater sector springs a leak
28th Oct 2010 15:11
Regulator Ofwat has warned the UK's water industry that a quarter of firms are not doing enough to stem leaks and are missing their regulatory target. Six out of the UK's 21 struggled firms did not respond adequately to the damage causd by the freezing start the the year, Ofwat said, especially the
Read moreAsia Pacific boss cashes in at IG
16th Sep 2010 16:39
IG Group's Asia Pacific boss' stake in the spread betting firm has more than halved following his wife's share disposal raising £2.32m. Tokyo-based Andrew MacKay's wife Emily sold 456,225 shares at 507.6p each. This follows the disposal of 1m shares in January at 371.9p a share. The disposals have
Read moreGoing with the flow at Northumbrian Water
29th Jul 2010 16:39
Northumbrian Water Group's trading since the beginning of April has been in line with expectations. Operating costs for the 12 months to 31 March 2011 are forecast to increase by around 4% (excluding restructuring costs in 2009/10). This reflects increased depreciation, rates, hired services and p
Read moreMARKET TALK: HSBC Turns Cautious On UK Water Industry
29th Jul 2010 10:32
0932 GMT [Dow Jones] HSBC takes a look at the UK water industry, saying the regulatory reviews by Ofwat and DEFRA of the water sector's structure and regulatory framework may heighten risk. Downgrades Severn Trent (SVT.LN) to underweight from neutral, and both Pennon Group (PNN.LN) and Northumbrian
Read moreNorthumbrian Water Trading In Line With Expectations
29th Jul 2010 07:27
LONDON (Dow Jones)--Northumbrian Water Group PLC (NWG.LN), a U.K. water company, said Thursday that trading has been in line with expectations for the period April 1 to July 28 and that there have been no material events or transactions during the period. MAIN FACTS: -Water and sewerage char
Read moreUK Water Companies To Benefit From Cheap EU Loans - Report
18th Jul 2010 12:48
LONDON (Dow Jones)--The European Union will raise loans to the U.K.'s 10 biggest water utilities by 60% to EUR4 billion, The Independent on Sunday said. The European Investment Bank is the EU's infrastructure lending arm and is already the largest single lender in the sector. The companies,
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
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: Goldman Nudges Down Northumbrian Water
17th Jun 2010 10:57
0957 GMT [Dow Jones] Goldman Sachs nudges down Northumbrian Water Group (NWG.LN) price target by just a tad, to 266p from 268p, largely reflecting an increase in mark-to-market value of its debt. Estimates that Northumbrian is trading at a 7% premium to March '11E regulatory asset base, the highest
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
17th Jun 2010 10:57
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] 0957 GMT [Dow Jones] Goldman Sachs nudges down Northumbrian Water Group (NWG.LN) price target by just a tad, to 266p from
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