London 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.
Read moreUK water companies rally as Citi, JPM optimistic on outlook
5th Nov 2024 10:31
(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.
Read moreRBC Capital upgrades United Utilities, downgrades Pennon
9th Oct 2024 09:41
(Sharecast News) - RBC Capital Markets upgraded its stance on United Utilities on Wednesday, but downgraded Pennon as it took a look at UK water stocks.
Read moreOfwat tells water firms to improve immediately in damning report
8th Oct 2024 08:46
(Sharecast News) - Ofwat called on the water sector to significantly improve its performance on Tuesday, after companies fell short of key environmental and service targets, costing the industry £157.6m in penalties this year.
Read morePennon sees lower customer demand as consumption falls
26th Sep 2024 07:28
(Sharecast News) - FTSE 250-listed water and sewerage group Pennon said like-for-like revenues in the first half were impacted by lower customer demand, which is expected to continue through to the end of the financial year.
Read moreLondon close: Stocks rise as US inflation slows more than expected
11th Jul 2024 15:01
(Sharecast News) - London stocks ended Thursday on a high note, buoyed by favourable economic data from both sides of the Atlantic.
Read morePennon upbeat on Ofwat determinations, announces CFO change
11th Jul 2024 10:11
(Sharecast News) - Pennon Group shares were in the green on Thursday morning, as the company responded to the draft determinations from Ofwat for the K8 period, covering 2025 to 2030.
Read moreLondon close: Stocks fall on EU inflation, US jobs data
2nd Jul 2024 17:24
(Sharecast News) - London stocks closed lower on Tuesday as investors digested eurozone inflation data and a modest increase in US job openings.
Read moreCMA clears Pennon's Sutton & East Surrey Water and South West merger
14th Jun 2024 12:35
(Sharecast News) - Water utility company Pennon has received the green light from the UK's competition watchdog for the proposed merger of Sutton & East Surrey Water and South West.
Read more