UK MARKET TALK ROUNDUP: SHARES GAINING
14th Jun 2010 09:07
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0807 GMT [Dow Jones] Royal Bank of Scotland upgrades Pennon Group (PNN.LN) to buy from hold, and raises its price target t
Read moreMARKET TALK: RBS Upgrades Pennon Group To Buy From Hold
14th Jun 2010 09:07
0807 GMT [Dow Jones] Royal Bank of Scotland upgrades Pennon Group (PNN.LN) to buy from hold, and raises its price target to 640p from 570p as it takes a look at the UK water sector. Says the company had a good year in '09/'10, with results sharply ahead of expectations. Also notes the dividend polic
Read moreFTSE 250 movers: Yell slides as bosses depart
18th May 2010 13:02
Shares in Yell are on the slide after the directories group announced the departure of its chief executive and chief financial officer at the same time as unveiling a move into profit. Chief executive John Condron and chief financial officer John Davis are to step down. Condron will retire by May 2
Read moreBroker tips: RBS, water companies, Wolseley
26th Feb 2010 13:47
Initial response to Thursday's results from Royal Bank of Scotland (RBS) was generally positive, but the figures have not made a believer out of JP Morgan. The US investment house is advising its clients to remain underweight in the part-nationalised lender after loss before tax at £6.2bn came in a
Read moreBroker snap: Water companies ripe for takeover
26th Feb 2010 08:28
Now that the haggling with the regulator over price controls is out of the way Royal Bank of Scotland has been poring over the numbers for the water sector and concludes that there is value to be had. 'We conclude that the sector looks cheap. We estimate that UU [United Utilities] and Severn Trent
Read moreNorthumbrian chairman buys after bid talks end
23rd Feb 2010 16:45
Northumbrian Water chairman Sir Derek Wanless has more than doubled his stake in the water utility four days after a bid approach was ended. Last Friday, the Ontario Teachers' Pension Plan Board said it does not intend to bid for Northumbrian but it is retaining its 26.7% stake. There was talk of
Read moreSector movers: Water stocks wanted
1st Feb 2010 15:52
Water companies are the stand-out sector. Northumbrian Water has spurted higher on reports a Canadian pension fund is poised to bid. Sector peers United Utilities, Pennon Water and Severn Trent rise in sympathy. With stocks broadly higher, defensively-oriented tobacco stocks miss out, with Imperi
Read moreFTSE 250 movers: Northumbrian gushes ahead
1st Feb 2010 15:51
Northumbrian Water has spurted higher on reports a Canadian pension fund is poised to bid. Fellow water group Pennon rises in sympathy. On the downside, pub groups are out of favour, with Marston's and Greene King among the fallers. FTSE 250 - Risers Northumbrian Water Group (NWG) 288.80p +11.68%
Read moreLondon afternoon: Blue chips boosted by bid chatter
1st Feb 2010 14:19
US futures point to a good start on Wall Street, with the Dow tipped to add over 60 points in early trading. It's helped London's blue chips move ahead further with water companies the stand-out sector. Northumbrian Water has spurted higher on reports a Canadian pension fund is poised to bid. Secto
Read moreLondon midday: Water companies float higher
1st Feb 2010 11:57
The FTSE 100 ended a quiet morning session marginally in positive territory, helped by some speculative attention focused on utility companies. Northumbrian Water has spurted higher on reports a Canadian pension fund is poised to bid. Sector peers United Utilities, Pennon Water and Severn Trent ris
Read moreLondon open: Footsie starts flat
1st Feb 2010 09:07
London's blue chips have opened flat with utilities and airlines the bright spots on bid and recovery talk respectively. Irish no-frills airline Ryanair's third quarter loss came in lower than expected and it upped its profit estimate for the full year as new routes meant yields fall by less than
Read moreSunday newspaper round-up: ITV, GSK, HSBC
31st Jan 2010 11:40
In the coming months, chairman Archie Norman, who was joined by former Royal Mail head Adam Crozier as chief executive, are expected to consider the possibility of a pay-per-view package for ITV 2, 3 and 4 among a range of options as ITV benefits from a slowly improving economic climate, says the Su
Read moreWednesday newspaper round-up: Royal Bank of Scotland, British Airways, BSkyB
16th Dec 2009 06:34
The taxman took another swipe at City bankers on Tuesday, closing a scheme that allowed wealthy individuals to cut their tax bills by claiming tax relief on charitable donations. The move comes days after Alistair Darling caused uproar in the City by introducing a one-off 50% tax levy on bankers'
Read moreBroker tips: HMV, water firms, insurers
27th Nov 2009 11:39
HMV has been benefiting from the demise of competitors and is likely to continue doing so, says the broker Charles Stanley as it keeps its 'buy' rating on the music, film and video game retailer. Charles Stanley is not signed up to the scepticism about HMV's long term prospects expressed by other o
Read moreBroker snap: Evolution sees greater risk for water firms
27th Nov 2009 10:55
Evolution Securities has downgraded its recommendation on Pennon and Northumbrian from 'buy' to 'add' as it thinks the water firms face greater regulatory risks despite the relaxation of Ofwat's determination on how much they can charge customers over the next five years. Evolution thinks the firms
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