SSE expects profit growth despite falling customer numbers
31st Jan 2013 07:06
Utilities group SSE said on Thursday that it is on course to deliver increases in both adjusted profits and its dividend this year despite a slight fall in the number of customer accounts during the first nine months. The company expects the grow adjusted profit before tax by 4-5% in the year to M
Read moreFTSE 100 movers: Anglo American a strong riser
29th Jan 2013 15:37
Diversified mining group Anglo American gained despite saying it will recognise a 4.0bn dollar impairment charge in its 2012 results after completing a detailed cost and schedule review of its Minas-Rio iron ore project in Brazil. The gain appeared to be part of a wider trend, with sector peers Ev
Read moreBroker tips: SSE, GKN, Tate & Lyle
28th Jan 2013 11:30
Despite SSE underperforming the wider UK utility sector on the news that its Chief Executive Officer (CEO) is leaving, Credit Suisse has kept its 'outperform' recommendation for the shares, saying that value-creation is expected to continue. Credit Suisse said it expects no change in the SSE busine
Read moreBroker snap: Credit Suisse still upbeat about SSE after CEO exit
28th Jan 2013 11:12
Despite SSE underperforming the wider UK utility sector on the news that its Chief Executive Officer (CEO) is leaving, Credit Suisse has kept its 'outperform' recommendation for the shares, saying that value-creation is expected to continue. The company announced on January 23rd, that its CEO of mo
Read moreSunday share tips: Tullow Oil, AstraZeneca, Aviva
27th Jan 2013 17:20
It may be time for Aidan Heavey to step aside at Tullow Oil. The former accountant, 59, is rightly feted as one of the oil industry's great entrepreneurs. Beginning with a tiny start-up in 1986 the Irishman turned Tullow into one of the most successful explorers in the world. Its 10.7bn pound market
Read moreThursday broker round-up UPDATE
24th Jan 2013 08:20
Ashtead Group: Jefferies raises target price from 450p to 525p and keeps a buy recommendation. Aviva: Berenberg cuts target price from 480p to 470p, while retaining a hold recommendation. JP Morgan revises target price from 424p to 443p and maintains an overweight rating. Barr (AG): Societe Genera
Read moreLondon close: Stocks lifted by upbeat US earnings
23rd Jan 2013 17:05
London's FTSE 100 finished with moderate gains on Wednesday afternoon ahead of a key vote over the potential extension of the debt ceiling Stateside, as some decent results from US bellwethers Google, McDonald's and IBM lifted sentiment across stock markets worldwide. The US House of Representative
Read moreFTSE 100 movers: Tullow Oil and Unilever lead the way
23rd Jan 2013 14:51
Tullow Oil, Unilever and Marks & Spencer were at the top of the FTSE 100 game on Wednesday. Tullow Oil led the race, a day after the company said it completed the acquisition of Spring Energy Norway AS. The group announced that the acquisition had already brought success for Tullow. Also to be had
Read moreSSE's Chief Executive to leave after 10 years
23rd Jan 2013 13:25
Chief Executive of SSE, Ian Marchant, is stepping down after more than 10 years in the role, the energy giant announced Wednesday. Marchant said he felt the 'time was right' to resign as he was ready for a change. Deputy Chief Executive Alistair Phillips-Davies will succeed Marchant on July 1st
Read moreLondon midday: Stocks hold on to gains, but markets cautious
23rd Jan 2013 11:38
The mood on the stock markets was cautious on Wednesday morning as traders digested a barrage of economic announcements, corporate earnings and a key speech by David Cameron. The FTSE 100 managed to stay in positive territory after a strong start, albeit only just. UK Prime Minister David Cameron's
Read moreLondon open: Stocks rise ahead of US debt-ceiling vote
23rd Jan 2013 08:28
Well-received earnings from some Wall-Street heavyweights were boosting market sentiment on Wednesday morning, with London's FTSE 100 making moderate gains early on. Both Google and IBM impressed the US market late last night with better-than-expected fourth-quarter results. Markets will likely be
Read moreFriday broker round-up UPDATE
11th Jan 2013 07:01
Aberdeen Asset Management: Credit Suisse raises target price from 380p to 410p reiterating an outperform rating. Afren: Deutsche Bank cuts target price from 175p to 165p stayling with its buy rating. Ashmore Group: Credit Suisse moves target price from 380p to 375p and downgrades to underperform.
Read moreLondon close: Stocks fall as 'fiscal cliff' deadline looms
17th Dec 2012 16:40
Increasing optimism surrounding budget talks between US politicians may have helped the FTSE 100 come off its intraday low, but the index was stuck firmly in negative territory with markets remaining nervous ahead of the January 1st deadline. Without a deal, the $600bn in automatic spending cuts a
Read moreFTSE 100 movers: Aggreko plummets on cautious outlook
17th Dec 2012 15:23
Temporary power and temperature control solutions group Aggreko plummeted on Monday after giving a gloomy outlook for next year, saying that its performance would likely be lower than the 2012. Investec downgraded its rating for the stock from 'buy' to 'hold' this morning, after the company said t
Read moreBP sells stake in Sean gas field to SSE for 288 million dollars cash
17th Dec 2012 09:36
BP has agreed to sell its interest in the Sean gas field in the UK North Sea to SSE for 288 million dollars in cash. The sale to SSE is taking place through SSE's wholly-owned subsidiary SSE E&P. The divestment comprises BP's non-operated 50% stake in Sean. Completion of the deal is anticipated dur
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