Utilities rally as in-line Ofgem price cap provides clarity
6th Sep 2018 10:18
(Sharecast News) - London-listed utilities rallied on Thursday as investors breathed a sigh of relief after Ofgem's proposed price cap came in in line with expectations, ending uncertainty for the sector.
Read moreSSE welcomes CMA's provisional findings on npower merger
30th Aug 2018 07:32
(Sharecast News) - SSE welcomed the provisional findings from the Competition and Markets Authority's inquiry into the proposed merger of its household energy and services business in Great Britain and Innogy's retail business npower on Thursday.
Read moreHousehold energy bills expected to rise in 2019 despite price cap
20th Aug 2018 09:50
(Sharecast News) - Power bills in the UK are likely to rise by £60 next year despite the introduction of a price cap by the government, according to a new analysis.
Read moreRising carbon prices benefit Centrica and SSE, Berenberg says
2nd Aug 2018 13:46
(Sharecast News) - Centrica and SSE are likely to benefit from potential increases in EU carbon prices, Berenberg analysts said as they reiterated 'buy' ratings on both shares.
Read moreEnergy companies 'making switching more difficult', ex-minister warns
30th Jul 2018 09:32
(Sharecast News) - The energy retail sector was slammed for the way it was rolling out smart meters on Monday, with a former energy secretary accusing companies of installing meters that made it more difficult for customers to switch suppliers.
Read moreFriday broker round-up
10th Feb 2017 10:35
(ShareCast News) - British American Tobacco: Berenberg upgrades to Buy with a target price of 5670p. Smith & Nephew: Jefferies reiterates Buy with a target price of 1350p. BT Group: UBS maintains Neutral with a target price of 325p. Ashmore Group: UBS maintains Buy with a target price of 390p. Da
Read moreSSE to review future of Peterhead operation after failing to win capacity deal
6th Feb 2017 07:32
(ShareCast News) - SSE said it was reviewing the future of its Peterhead power station after it failed once again to secure any provision agreement in the latest capacity market option. The power firm said had provisionally secured agreements to provide a total of 4,451 megawatts of de-rated electri
Read moreWednesday broker round-up
1st Feb 2017 15:33
(ShareCast News) - SSE: Barclays reiterates overweight with a target price of 1695p. BP: HSBC reiterates buy, 590p target. Royal Dutch Shell B: Deutsche Bank reiterates buy with a 2450p target. Britvic: JP Morgan reiterates neutral with a 600p target. Intu: Deutsche Bank reiterates sell with a 2
Read moreSSE to keep dividend hike in line with inflation despite challenges
31st Jan 2017 07:07
(ShareCast News) - In an update on third quarter trading, energy company SSE confirmed it still expected to return to full year growth and increase its dividend by at least the same rate as inflation this year and in the future. For the nine months to 31 December, energy consumption was higher due t
Read moreSunday share tips: SSE, BP, Shell, Capita
29th Jan 2017 16:29
(ShareCast News) - SSE shares are a 'buy' for the Inside the City column in the Sunday Times. The main worry is that wholesale energy prices have risen but with consumer spending about to decline, with regulators and the Prime Minister warning major energy companies not to pass on their costs. Analy
Read moreWednesday broker round-up
25th Jan 2017 09:59
(ShareCast News) - Paddy Power: Barclays reiterates Overweight with a target price of 110p. Reckitt Benckiser: Berenberg upgrades to Buy with a target price of 7,900p. Crest Nicholson: Deutsche Bank reiterates Hold with a target price of 564p. BT Group: Citi reiterates Buy with a target price of 4
Read moreHSBC upgrades SSE as earning potential rises
25th Jan 2017 08:58
(ShareCast News) - HSBC upgraded energy company SSE to 'buy' from 'hold' and raised its price target to 1,740p from 1,660p due to good visibility on earnings. Earnings visibility from regulated networks indexed to higher retail price index (RPI) and capacity payments indicated "favourable weather" f
Read moreTuesday broker round-up
24th Jan 2017 16:16
(ShareCast News) - SSE: Macquarie reiterates outperform with a target price of 1735p. Easyjet: Numis reiterates hold, 1050p target. William Hill: UBS downgrades to sell with a 240p target. Standard Life: UBS downgrades to sell with a 310p target. Beazley: JP Morgan reiterates overweight with a 46
Read moreSector movers: REITS, electricity stocks drop
19th Jan 2017 16:22
(ShareCast News) - Tobacco stocks rose to the top of the leaderboard after analysts at Citi sung the praises of British American. In a research note sent to clients, analysts Adam Spielman, Jemima Benstead and Ravi Sharma said the firm was producing "some of the best" organic sales growth in the Eur
Read moreSector movers: Interest-rate sensitive electricity stocks pace gains
2nd Dec 2016 14:59
(ShareCast News) - Interest rate-sensitive issues were on the front foot amid a sharp drop in government bond yields following the release of a mixed report on the state of the US jobs market in November. US non-farm payrolls increased by 178,000 last month, slightly less than the 180,000 which econ
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