Viridor chooses Interserve for Glasgow recycling plant
24th Jul 2012 09:47
Recycling company Viridor has called on support services group Interserve to build a recycling and renewable energy centre for Glasgow City Council. Viridor, a subsidiary of water group Pennon, has signed a 25-year "design, build, finance and operate" contract with the council to recycle and treat
Read moreLondon close: Footsie drops two per cent on Eurozone fears
23rd Jul 2012 17:17
- Footsie near one-month low - Spanish regions ask for aid; bond yields surge - Evraz leads the Footsie lower Indices across Europe and the US tanked on Monday, with the FTSE 100 finishing near a one-month low, as Eurozone debt concerns spread fear across equity markets. The Footsie dropped 2.09%
Read moreFTSE 100 movers: Financials and miners dive on Eurozone worries
23rd Jul 2012 14:54
Financial peers Aviva, RBS and Schroders, and mining stocks Evraz, Vedanta, Kazakhmys, ENRC and Anglo American were heavy fallers as investors fled for 'safer' assets on the back of concerns about Spain's financial health and renewed speculation about a Greek exit from the Eurozone. Fund manager A
Read moreLondon midday: Footsie drops nearly 100 points on euro fears
23rd Jul 2012 11:42
- Spanish and Greek concerns weigh on stocks - Spanish yields continue to soar - Chinese policy-maker warns of slowing growth Concerns about Spain's financial health and renewed speculation about a Greek exit from the Eurozone sank European markets on Monday morning, prompting US stock futures to t
Read moreLondon open: Markets drop on Eurozone debt concerns
23rd Jul 2012 08:25
- Banks and miners dent the Footsie - Eurozone concerns dampen sentiment - Spanish 10-year bond yield at 7.556 per cent European stocks dropped sharply on Monday morning as concerns about the Eurozone debt crisis provoked fear on equity markets. London's Footsie lost 1.5% of its value in the openi
Read moreLondon pre-open: Heavy losses expected on FTSE
23rd Jul 2012 07:31
City sources predict the FTSE 100 will open down 51 points from Friday's close of 5,652, pushed lower by concerns that the 100bn euro aid package granted to Spain's banking sector will not be enough to stop the troubled economy from requesting a full bailout package. The steep declines also come a
Read morePennon wins waste contract in Glasgow
23rd Jul 2012 07:19
FTSE 100 water group Pennon has signed a 25-year Residual Waste Treatment Services Design, Build, Finance and Operate contract with Glasgow City Council, a key part of the group's growth strategy in Scotland, it said. The contract, signed through Pennon's subsidiary Viridor (Glasgow), will see the
Read moreLondon close: US jobs data sinks stocks
6th Jul 2012 16:41
- US non-farm payrolls disappoint - Miners drag the Footsie lower - IMF to cut global GDP forecast After treading water for the morning session, the Footsie dropped in afternoon trade after a disappointing employment report from the US dampened the outlook for the global economy. The US Labor Depa
Read moreLondon pre-open: Investors waiting patiently for central bank decisions
5th Jul 2012 07:34
City sources predict the FTSE 100 will open up one point from yesterday's close of 5,684 as investors await direction from both the Bank of England (BofE) and the European Central Bank (ECB). The BofE is expected to extend its quantitative easing programme by £50bn to £375bn, while the ECB is widely
Read morePennon expands waste management division with bolt-on acquisition
5th Jul 2012 07:21
Water group Pennon has acquired waste collection and recycling business JWT Holdings in an effort to expand its waste management activities, particularly in the collection, recycling and energy recovery sectors. JWT, based in Atherton, Greater Manchester, was bought from John William Thomasson for
Read moreLondon close: Global stocks surge after EU agreements
29th Jun 2012 16:30
- Major breakthrough at EU summit - Equity markets rocket across the globe - Another banking scandal hits Barclays London blue chips rallied on Friday on the back of developments at the EU summit overnight, as analysts hailed the agreements as a major breakthrough. The agreements include: the Euro
Read moreBroker tips: Water stocks, M and S, Vodafone
29th Jun 2012 12:36
UK water stocks - United Utilities, Pennon and Severn Trent - are in 'a sweet spot in current markets', according to UBS which says they provide safe returns and consistent outperformance. "We believe that the UK water companies will remain in a sweet spot for as long as the current lacklustre macr
Read moreFriday broker round-up
29th Jun 2012 09:13
Barclays: Oriel Securities downgrades to hold, target cut from 285p to 200p. Barratt Developments: JPMorgan Cazenove downgrades to neutral, target raised from 135p to 155p. BG Group: UBS cuts target from 1,785p to 1,730p. Corin: N+1 Brewin upgrades to add. Debenhams: HB Markets downgrades to sel
Read moreLSE boss buys double round of shares
15th Jun 2012 15:56
- Correction: On Wednesday it was incorrectly reported that Wood Group's Chairman had sold shares; it was in fact the Group Chairman who made the sale. Xavier Rolet, the chief executive officer of the London Stock Exchange Group, has had a busy few days, buying two rounds of shares in the same we
Read moreWednesday tips round-up: Brewin Dolphin, Pennon, Scapa
30th May 2012 06:56
The investment manager Brewin Dolphin gets a big push from Questor in the Telegraph. It's fallen 13.5 per cent in the past year but the dividend yield is north of five per cent and funds under management are also growing (up 7.1 per cent at the last count). With a strategy review underway the stock
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