Sunday newspaper round-up: Brexit bets, airlines, CMA probes, Lloyds lock-up
19th Jun 2016 17:54
(ShareCast News) - Currency traders are betting sterling will slip to an all-time low against the euro of €1.05-1.20 if Britain votes to leave the European Union, eclipsing Black Wednesday in 1992. Currency contracts have recently suggested that investors believe the pound will probably tumble again
Read moreTuesday newspaper round-up: Sterling, retail jobs, Barclays, Apple
14th Jun 2016 06:55
(ShareCast News) - Mounting fears that Britain will vote to leave the European Union this month have sent the cost of insurance against a collapse in the pound soaring. As the pound collapsed back towards $1.40, traders have been hedging themselves, with euro/sterling one-month implied volatility, a
Read moreWednesday broker round-up
8th Jun 2016 13:18
(ShareCast News) - Hochschild Mining: UBS downgrades to neutral with a target price of 160p. Esure Group: JP Morgan keeps at overweight with a 330p target. Royal Dutch Shell: RBC reiterates outperform with a target price of 2000p and JP Morgan stays atneutral with a target price of 1630p. National
Read moreDefensives lead bounce in stocks
20th May 2016 19:03
(ShareCast News) - Defensive issues led the market's bounce higher at the end of the week, with those sectors which stood to gain the most from a vote by Britons to remain in the UK pacing gains on the top flight index. Although low inflation boosts consumers' spending power, it is of scant benefit
Read moreFriday newspaper share tips: National Grid and Ricardo
20th May 2016 14:57
(ShareCast News) - Shares in National Grid are good to hold in portfolios because of their attractive yield, and the prospect of additional income further down the track, said The Times' Tempus column today. The UK's largest-listed utility has bumped up its dividend for the past year by 1.1%, which
Read moreSSE full-year profit drops, may sell stake in gas distribution networks
18th May 2016 07:50
(ShareCast News) - FTSE 100 energy supplier SSE posted a drop in profit for the financial year ended 31 March amid lower wholesale gas prices, as it announced the possibility it might sell up to a third of its 50% equity stake in the SGN gas distribution networks. Adjusted pre-tax profit fell 3.3% t
Read moreSunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read moreThursday broker round-up
31st Mar 2016 13:40
(ShareCast News) - Royal Mail: Jefferies reiterates underperform with a target price of 400p. Hilton Food Group: Numis reiterates buy, 630p target, Panmure Gordon stays at buy with a target price of 625p and Shore keeps at buy. Michael Page: Goldman Sachs maintains buy with a target price of 620p.
Read moreSSE says full year earnings will fall
24th Mar 2016 08:32
(ShareCast News) - Energy company SSE said it would still lift its dividend 1% despite earnings per share being expected to fall by up to 5.7% for the year to end-March. The FTSE 100 electricity supplier said adjusted earnings per share were likely to come in between 117p and 119p, which would repre
Read moreLondon pre-open: FTSE seen touch higher; rate decisions in focus
14th Mar 2016 07:14
(ShareCast News) - London stocks are set open just a touch higher on Monday, despite a positive session in Asia, following solid gains at the end of last week. The FTSE 100 is seen starting six points higher than Friday's close at 6,145. There are no major UK data due on Monday but this week, inves
Read moreSSE sells 49.9% stake in Clyde wind farm for £355m
14th Mar 2016 07:09
(ShareCast News) - Energy firm SSE said it has signed agreements for the sale of 49.9% of its operational 349.6MW Clyde Wind Farm to Greencoat UK Wind and GMPF & LPFA Infrastructure LLP for a headline £355m. When the 172.8MW extension to Clyde is commissioned (currently under construction, completio
Read moreBroker tips: Burberry, Centrica, SSE, RBS
9th Mar 2016 14:38
(ShareCast News) - A weaker sterling will add to ,'s growth on both the top-line and bottom-line, but the recent rebound in the share price was "unwarranted", HSBC said. Neither should investors expect anything more than excess cash to be returned and room to cut costs further was limited, analysts
Read moreSSE and Centrica rally on JPMorgan upgrades
9th Mar 2016 10:51
(ShareCast News) - Utilities Centrica and SSE were among the top performers on the FTSE on Wednesday morning after JPMorgan Cazenove upgraded its ratings on the stocks. The bank said UK merchant utilities have been buffeted in recent years by a number of headwinds, with energy consumption down, stru
Read moreMoody's affirms ratings of SSE with negative outlook
15th Feb 2016 11:34
(ShareCast News) - Energy utility SSE's credit ratings have been reaffirmed by Moody's, albeit with a negative outlook. In a note to clients, the ratings agency said it has affirmed the A3 issuer rating of SSE, and the Baa2 rating of its hybrid notes. Concurrently, Moody's has affirmed SSE's P-2 sho
Read moreCredit Suisse cuts targets for Drax, Centrica, and SSE
15th Feb 2016 10:23
(ShareCast News) - Lower energy prices and their impact on those for power meant the major UK power groups would need to carry out self-help measures, although the ability of Centrica and Drax to do so was underappreciated by markets, Credit Suisse said. The Swiss bank lowered its power price estima
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