London open: Stocks retreat as investors await Eurozone inflation data
3rd Jun 2014 08:38
- Eurozone CPI in focus ahead of ECB meeting - HSBC China manufacturing PMI disappoints - Wolseley rises after Q3 results techMARK 2,816.21 -0.22% FTSE 100 6,847.06 -0.25% FTSE 250 16,009.90 -0.47% UK stocks retreated on Tuesday morning as investors adopted a cautious approach ahead of Eurozone in
Read moreLondon pre-open: FTSE to move lower ahead of Eurozone data
3rd Jun 2014 07:40
UK stocks are expected to reverse a significant portion of Monday's losses ahead of the release of the latest Eurozone inflation and unemployment rate figures later on today. City sources predict the FTSE 100 will open around seven points below yesterday's close of 6,864.10. That came after US st
Read morePennon FY profits up but Viridor takes landfill pricing hit
3rd Jun 2014 07:09
Household bill hikes helped South West Water (SWW) owner Pennon to boost annual profits and dividends, but said its Viridor landfill and waste recycling business took a hit from cut-throat pricing by rivals. Pennon said a near-11% rise in profits to £162.5m at regulated water business SWW drove a 9
Read moreWednesday broker round-up UPDATE
16th Apr 2014 08:44
Afren: Investec cuts target price from 200p to 195p and stays with its buy recommendation. Alexander Mining: Northland lowers target price from 8.1p to 6.1 and maintains a buy recommendation. Capita Group: JP Morgan ups target price from 1261p to 1279p and maintains an overweight rating. Central
Read morePennon's South West Water granted 'enhanced' status by Ofwat
4th Apr 2014 11:15
Pennon Group's subsidiary, South West Water (SWW), has been granted 'enhanced' status by industry regulator Ofwat as part of its 2014 price review. Ofwat, which last month was awarded pre-qualified status, said it was now satisfied with the changes made to SWW's business plan for the 2015-2020 per
Read moreThursday broker round-up UPDATE
3rd Apr 2014 09:05
Associated British Foods: Citi increases target price from 2350p to 3000p, while its neutral rating remains unchanged. Booker Group: Investec shifts target price from 172p to 178p retaining a buy recommendation. BSkyB: HSBC Holdings moves target price from 600p to 610p, while keeping its underweig
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreFTSE 250 movers: Savills climbs on reports of partnership deal
10th Mar 2014 13:45
Savills rose on the news the real estate advisor had agreed a new partnership with McGuire Real Estate, the San Francisco-based real estate brokerage. Water regulators have given a boost to Pennon Group, pushing the stock firmly higher after saying its regulated water utility, South West Water, has
Read morePennon Group's South West Water gets boost from watchdog
10th Mar 2014 07:58
Water regulators have given a boost to Pennon Group, saying its regulated water utility South West Water has qualified for a fast-track passage through its price review for the next regulatory period. Ofwat said South West Water and another company, Affinity Water, had pre-qualified for "enhanced"
Read moreWednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read morePennon on track for FY targets despite UK flooding
14th Feb 2014 07:48
British water utility Pennon said it was on course to hit annual targets despite the severe flooding hitting its core market in south-west England. Pennon said its regulated business South West Water had continued its robust performance against regulatory requirements between 2010 and 2015 and was
Read moreLondon pre-open: FTSE to fall further after US manufacturing data
4th Feb 2014 07:22
- FTSE to fall 45 points - Spanish unemployment and UK construction in focus - BG Group posts rise in Q4 revenue - BT Group reports weaker Q4 and overall poor FY profit City sources predict the FTSE 100 will open 45 points below yesterday's close of 6,465.66, extending yesterday's losses as stocks
Read moreFitch lowers outlook on UK water utilities to 'negative'
29th Jan 2014 14:23
Ratings agency Fitch has today lowered its outlook on the credit rating of UK water companies to 'negative' from 'stable' following the release of public regulator Ofwat's price review for the fiscal years running from 2015 to 2020 earlier this week. In the firm's opinion, Ofwat's more flexible ap
Read moreSevern Trent and United Utilities rise on bid talk
27th Jan 2014 14:41
Water companies were floating higher on Monday amid reheated bid talk and better-than-expected guidance from regulators on how much slack companies would be cut in their investment plans. Severn Trent rose 1.49% to 1,703p, United Utilities jumped 2% to 714.5p and Pennon Group rose 0.29% to 681.5p b
Read moreBroker snap: Credit Suisse downgrades Severn Trent after of Ofwat, dividend at risk
23rd Jan 2014 11:14
Credit Suisse has downgraded its rating for Severn Trent from 'neutral' to 'underperform' and cut its target price from 1,580p to 1,540p ahead of the Ofwat regulatory price review that will set prices for 2015-20. The review, which concludes on January 27th, will set a so-called 'vanilla' weighted
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