Broker tips: Next, Pennon, Greencore, Bakkavor
31st Jan 2025 11:45
(Sharecast News) - UBS upgraded its stance on Next on Friday to 'buy' from 'neutral' and lifted the price target to 11,700p from 10,500p.
Read moreLondon close: Stocks mixed ahead of US Fed decision
29th Jan 2025 15:22
(Sharecast News) - London's financial markets finished in a mixed state on Wednesday, as investors looked to the latest policy announcement from the US Federal Reserve and awaited key earnings reports from major American technology firms.
Read morePennon announces £490m rights issue to support investment
29th Jan 2025 10:00
(Sharecast News) - Pennon Group announced a fully underwritten £490m rights issue to support its investment programme through to 2030 on Wednesday.
Read moreLondon close: Stocks finish lower after slew of weaker data
7th Jan 2025 15:42
(Sharecast News) - London stocks ended lower on Tuesday, weighed down by weaker economic data and broader market uncertainty.
Read moreDeutsche Bank downgrades Pennon to 'sell'
7th Jan 2025 10:02
(Sharecast News) - Deutsche Bank downgraded Pennon on Tuesday to 'sell' from 'hold' and cut the price target to 530p from 600p as it took a look at water stocks following the publication of Ofwat's final determinations in December.
Read moreLondon close: Stocks mixed as US PCE inflation holds steady
20th Dec 2024 16:05
(Sharecast News) - London stocks ended the day on a mixed note Friday, as investors weighed weaker-than-expected UK retail sales growth and cooler US price growth than anticipated.
Read moreLondon close: Stocks slip as BoE holds rates steady
19th Dec 2024 17:07
(Sharecast News) - London stocks closed sharply lower on Thursday, as investors digested a slew of central bank decisions across the globe.
Read moreAverage water bills to rise by 36% over next five years
19th Dec 2024 07:03
(Sharecast News) - Average water bills are to rise by over a third in the next five years, the UK regulator confirmed on Thursday.
Read moreLondon close: Stocks mixed after ECB rate cut
12th Dec 2024 15:17
(Sharecast News) - London stocks finished on a mixed note Thursday, as investors digested an interest rate cut from the European Central Bank, as Diageo held onto gains through the close.
Read moreLondon close: Stocks mixed as US payrolls beat expectations
6th Dec 2024 15:43
(Sharecast News) - London's stock markets closed on a mixed note on Friday, with investors reacting to a stronger-than-expected US non-farm payrolls report and corporate deal activity driving selective gains.
Read moreJefferies cuts United Utilities and Severn Trent to 'hold'
6th Dec 2024 10:10
(Sharecast News) - Jefferies has downgraded both United Utilities and Severn Trent from 'buy' to 'hold' ahead of this month's Ofwat final regulatory proposals, saying that the risk-reward looks more balanced at current valuations.
Read moreLondon close: Stocks still positive after US inflation reading
27th Nov 2024 15:06
(Sharecast News) - London markets posted modest gains on Wednesday, following a key US inflation reading that showed relative stability in price rises in October.
Read morePennon Group swings to half-year loss
27th Nov 2024 07:27
(Sharecast News) - Pennon Group reported a statutory loss before tax of £38.8m for the first half on Wednesday, swinging from a profit of £3.2m year-on-year, as restructuring costs and investments weighed on the bottom line despite a 17.5% increase in underlying revenue to £527.2m.
Read moreLondon close: Stocks turn negative as Americans head to the polls
5th Nov 2024 16:41
(Sharecast News) - London stocks closed lower on Tuesday, with caution dominating markets as US voters headed to the presidential polls.
Read moreBroker tips: Water companies, Close Bros, Melrose
5th Nov 2024 12:29
(Sharecast News) - UK water companies were on the rise on Tuesday as Citi and JPMorgan Cazenove struck a positive note on the outlook ahead of Ofwat's Final Determinations next month.
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