Ofgem sets electricity pricing controls, SSE disappointed
30th Jul 2014 07:45
Household electricity bills are due to fall by around £12 a year after energy regulator Ofgem set industry pricing controls for the next eight years. The regulator said on Wednesday that it had proposed price control settlements for five of the six national electricity providers - Electricity North
Read moreFTSE 100 movers: GlaxoSmithKline shares tank as drugmaker lowers outlook
23rd Jul 2014 14:31
The share price ofGlaxoSmithKline tanked 6% on Wednesday afternoon, leading the fallers on the FTSE 100, as the drugmaker disappointed with a 4% drop in quarterly sales to £5.6bn and lowered its full-year outlook. It now expects to deliver 2014 full-year core earnings per share "broadly similar to l
Read moreLondon midday: FTSE 100 tops 6,800 as earnings impress
23rd Jul 2014 12:08
- Capital, BHP, Renishaw rise strongly after results/updates - BoE votes unanimously on rates - Ukraine, Gaza still in focus but fears ease techMARK 2,833.96 +0.26% FTSE 100 6,816.83 +0.32% FTSE 250 15,696.15 +0.29% UK stocks were trading at their highest level in over two weeks on Wednesday as we
Read moreLondon open: Capita, BHP Billiton lead gains ahead of BoE minutes
23rd Jul 2014 09:03
- FTSE 100 on track for highest finish since July 7th - BoE minutes eyed amid rate-hike speculation - Capita gains after strong first half - BHP leads miners higher as production rises techMARK 2,836.01 +0.33% FTSE 100 6,799.25 +0.06% FTSE 250 15,704.44 +0.34% After an initial fall, UK stocks push
Read moreFTSE 100 movers: ITV jumps as Liberty Global buys stake
17th Jul 2014 15:14
Shares in broadcaster ITV were up nearly 7% on Thursday afternoon after Liberty Global spent £481m buying a 6.4% stake in the group from BSkyB, sparking speculation that the US company could return with a bid for the whole company. While Liberty has said that the deal was "an opportunistic and attra
Read moreLondon midday: UK stocks sink as West imposes new sanctions on Russia
17th Jul 2014 12:10
- US imposes harsher sanctions on Russia, EU to follow suit - Sanctions to have "devastating consequeunces", says VTB boss - ITV shares surge on M&A hopes techMARK 2,791.26 -0.58% FTSE 100 6,739.98 -0.66% FTSE 250 15,516.69 -0.54% UK stocks pulled back sharply on Thursday morning as increased ten
Read moreLondon open: UK stocks retreat, but ITV jumps
17th Jul 2014 09:10
- Stock slip after strong gains yesterday - Upbeat Beige Book leads to another record for the Dow - ITV surges on Liberty Global M&A hopes techMARK 2,795.17 -0.44% FTSE 100 6,769.28 -0.23% FTSE 250 15,542.03 -0.37% London's FTSE 100 slipped on Thursday morning, retreating after a big jump the prev
Read moreSSE set to match or top 2013/14 earnings but sees tougher year ahead
17th Jul 2014 07:53
Electricity generator and retailer SSE forecast higher earnings in 2014/15 but warned that it would be harder to lift them again the year after. SSE said it expected adjusted earnings per share for 2014/15 to be around or slightly greater than the 123.4p achieved in 2013/14. But the group said: "H
Read moreLondon pre-open: Stocks expected to pull back after strong gains
17th Jul 2014 07:51
After the strong gains made yesterday and another all-time high on Wall Street last night, UK stocks are expected to pull back slightly on Thursday morning. City sources predict the FTSE 100 will open around 17 points lower than Wednesday's close of 6,784.67 following a 1.1% jump for the index yes
Read moreSunday newspaper round-up: Shire, Mothercare, Blinkx, Barclays
6th Jul 2014 17:18
AbbVie is expected to make an improved offer for Shire in the next few days after its Chief Executive Rick Gonzalez visited Shire's biggest investors in London, The Sunday Times said. Gonzalez is back in the US mulling his options after having three bid approaches turned down with the most recent va
Read moreSector movers: Electricity and utility stocks lead the rise
2nd Jul 2014 15:30
Negative headlines failed to stop electricity and utility stocks from advancing on Wednesday. One week after regulator Ofgem referred the energy market for a full competition investigation to rebuild consumer trust, investors were largely shrugging off the news of new mis-selling scandals and devel
Read moreEnergy competition probe an opportunity to "restore investor trust", says Investec
27th Jun 2014 12:59
Investec has said it was not surprised by Ofgem's move to refer the UK energy market for a full competition investigation, saying it should be a positive for the industry. The broker said its view on stocks in the sector remains unchanged despite the developments, as it kept 'buy' ratings on Drax a
Read moreBroker tips: Energy stocks, Housebuilders, Meggitt
27th Jun 2014 12:23
Investec has said it was not surprised by Ofgem's move to refer the UK energy market for a full competition investigation, saying it should be a positive for the industry. "We believe this is an opportunity to restore investor trust in an important part of the GB energy market, which has recently b
Read moreOfgem refers energy market for full competition investigation
26th Jun 2014 12:02
Ofgem is to refer the energy market for a full competition investigation, the regulator announced on Thursday, in a move to "rebuild consumer trust and provide confidence for investors". Following the proposal made in March, the Competition and Markets Authority (CMA) is now being tasked to "ensure
Read moreWednesday newspaper round-up: Bank of England, MySale, Help to Buy
18th Jun 2014 07:18
The Bank of England "will not hesitate" to take further action to cool Britain's booming housing market and stop the economy from boiling over, Mark Carney has said. On the day official data showed the average UK house price is ten times bigger than the average salary, the Governor used the Bank's a
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