SSE 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
Read moreSSE to cut gas prices by 5.3% from March
28th Jan 2016 07:37
(ShareCast News) - SSE has announced it is dropping household gas prices on its standard tariff by 5.3% at the end of March. It's the second gas supplier to announce price cuts this year after German-owned E.On said it would reduce its standard residential price of gas by an average of 5.1% from 1 F
Read moreE.on gas price cut puts pressure on British Gas, SSE and others
20th Jan 2016 13:29
(ShareCast News) - E.On has promised to cut residential gas prices by 5% next month, the first of the UK's Big Six energy suppliers to trim prices since Centrica's British Gas did so last August. German-owned E.On said it would reduce its standard residential price of gas by an average of 5.1% from
Read moreTuesday broker round-up
19th Jan 2016 14:22
(ShareCast News) - Royal Dutch Shell: Cannacord Genuity lowers target from 1,775p to 1,550p and reiterates hold. Burberry Group: Liberum reiterates sell with a 925p target; RBC reiterates neutral yet trims target from 1,300p to 1,275p; UBS up target from 1,400p to 1,500p staying at buy. Tullow Oil:
Read moreSSE interim profits boosted by wholesale energy and weather
11th Nov 2015 07:33
(ShareCast News) - SSE has posted a jump in adjusted profit, driven by revenue from its wholesale energy portfolio management and electricity generation division. The FTSE 100 energy company posted its half year results to 30 September on Wednesday, showing revenue of £13.8bn, an 11% jump from 2014'
Read moreWednesday preview: UK unemployment eyed flat, Sainsbury's plunging profits
10th Nov 2015 14:04
(ShareCast News) - Wednesday will see a official UK unemployment reading as well as a smattering of UK corporate updates, including a big decline in profits at Sainsbury's. The UK Labour Force Survey for September will be delivered at 0930 GMT, following on from the last International Labour Organiz
Read moreBroker tips: SSE, Howden Joinery, StanChart
5th Nov 2015 13:26
(ShareCast News) - Lower gas prices spell trouble for utilities companies in Europe, especially so for SSE which will see the pressure pile up on its dividend and undermine its premium rating, Goldman Sachs said. Oversupply in global liquid natural gas markets was set to drive European gas prices do
Read moreGoldman Sachs adds SSE to Conviction sell list, trims target on Centrica
5th Nov 2015 12:49
(ShareCast News) - Lower gas prices spell trouble for utilities companies in Europe, especially so for SSE which will see the pressure pile up on its dividend and undermine its premium rating, Goldman Sachs said. Oversupply in global liquid natural gas markets was set to drive European gas prices do
Read moreWednesday broker round-up
21st Oct 2015 10:44
(ShareCast News) - Genel Energy: JP Morgan Cazenove reiterates to overweight. Target price: 610.00p. UBS downgrades to neutral, reduces target price to 400.00p. Sse: Jefferies starts new coverage with a hold, sets target price at 1600.00p. Smiths Group: Citigroup upgrades to buy, raises target pric
Read moreSSE appoints Helen Mahy as non-exec director
15th Oct 2015 11:06
(ShareCast News) - Energy supplier SSE has appointed Helen Mahy CBE as a non-executive director. Mahy, who will join the board of SEE on 1 March next year, is chair of The Renewables Infrastructure Group and is also a non-executive director of SVG Capital, Bonheur ASA /Ganger Rolf ASA and Stagecoach
Read moreSSE sees 33% of profits coming in first half of 2015-16
30th Sep 2015 07:37
(ShareCast News) - Energy group SSE said it expected to earn more than a third of its full-year adjusted pre-tax profits in the first half of the 2015/16 year. In a statement, SSE added that it was still targeting adjusted earnings per share for 2015/16 of at least 115 pence. The company said there
Read moreBroker tips: SSE, British American Tobacco, SABMiller
17th Sep 2015 17:14
(ShareCast News) - Energy company SSE has been downgraded by Credit Suisse due to lower gas prices and recent government moves increasing the risk around renewable subsidies. Credit Suisse cut what it admitted was a "solid performer" to a 'neutral' recommendation, with its target price trimmed to 1,
Read moreFTSE 100 movers: Engineers hammered, IAG takes off
17th Sep 2015 14:05
(ShareCast News) - The FTSE 100 lost some ground as nerves and indecision showed ahead of the US Federal Reserve's mighty rate decision. London's benchmark index was 0.6% lower at 6,191.95 by 1450 BST on Thursday, with a phalanx of engineers and oil services groups leading the way down. Engineers S
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