London midday: Greece, UK concerns pull Footsie to five-month low
16th May 2012 11:34
- Footsie nears five-month low - Potential Greek exit grips markets - Bank of England cuts GDP forecast, unemployment falls Concerns over a potential exit of Greece and growth in the UK were weighing on the FTSE 100 by Wednesday lunchtime, with the Footsie sinking to intraday levels not seen since
Read moreLondon open: Footsie at lowest levels since mid-December
16th May 2012 09:04
- Greek concerns dent Footsie again - Glencore, Sainsbury fall after going ex-dividend - Lamprell tanks on FTSE 250 London's FTSE 100 suffered a third straight sell-off on Wednesday, sending the blue chip index to a near five-month low in early trading on the back of concerns over the political si
Read moreNo price rises until October pledges SSE
16th May 2012 07:27
The first financial metric in utility SSE's full year results is the dividend, underlining the stock's attraction as a high yielder, but the amount paid out is likely to slightly disappoint the market. The full year dividend is up 6.8% to 80.1p from 75.0p paid the year before, but was less than the
Read moreFriday broker round-up
11th May 2012 09:08
Aquarius Platinum: UBS cuts target from 155p to 110p, neutral rating kept. ARM Holdings: finnCap upgrades from hold to buy, target left at 575p [ARM is a corporate client of finnCap]. BT Group: Nomura reiterates buy recommendation and 295p target. Catlin: Nomura keeps buy rating and 506p target.
Read moreSmart Metering Systems scores double contract win
9th May 2012 12:47
Smart Metering Systems (SMS), a company which connects and operates metering systems, has been contracted by Scottish and Southern Energy to provide meter operations services in all regions outside of Scotland and the South East of England for two years. The contract covers the lifetime of the met
Read moreSSE to offer annual reviews for customers
25th Apr 2012 16:11
Following Nick Clegg's push for UK energy companies to offer the British public the best tariffs, utilities giant SSE has announced that it is to offer all its customers an 'Annual Energy Review' (AER), the company revealed today. SSE said this afternoon that, after a successful pilot programme inv
Read moreLondon open: Stocks rebound after heavy sell-off
5th Apr 2012 08:28
- Market awaits BoE decision - Ashmore flying high after upgrade - Miners recover after sell-off yesterday London's blue chip index rose moderately in early trading on Thursday ahead of a long weekend, recovering after yesterday's sell-off. The Footsie fell 135 points, or 2.3%, yesterday on the ba
Read moreThursday tips round-up: SSE, BTG, St Modwen
5th Apr 2012 06:52
In the Telegraph, Questor flirts with utility company SSE (formerly Scottish and Southern Energy). It said last week it was committed to dividend increases 2% above RPI, since then it has announced several big projects including the financial close on its Yorkshire waste contract worth £750m and a
Read moreSSE to build multifuel power plant in West Yorkshire
2nd Apr 2012 10:40
SSE, the power company formerly known as Scottish and Southern Energy, has entered into a 50:50 joint venture to develop a new 300m-pound multifuel power plant at its Ferrybridge site in West Yorkshire. The joint venture - Multifuel Energy Ltd - expects to begin construction of a 68MW facility in l
Read moreLondon open: Stocks rise after upbeat China data
2nd Apr 2012 08:26
- Miners wanted after Chinese PMI reaches 11-month high - RBS to dish out dosh to preference shareholders - LSE acquisition of LCH.Clearnet passes milestone UK stocks opened with decent gains on Monday morning as miners rose on the back of some better-than-expected manufacturing data from China.
Read moreShanks wins waste contract
2nd Apr 2012 07:04
3SE, a joint venture majority owned by waste management group Shanks, has signed a contract worth with Barnsley, Doncaster and Rotherham Councils for the treatment of black bag waste. The 25-year agreement, worth more than £750m, will see Shanks build a mechanical biological treatment and anaerobic
Read moreLondon midday: Stocks rise as eyes turn to Eurozone meeting
30th Mar 2012 11:42
- Investors keep a close eye on meeting in Copenhagen - Eurozone inflation falls but still high - Miners lead the rise by lunchtime The Footsie was making decent gains by Friday lunchtime, snapping a three-day losing streak, as Eurozone ministers meet in Copenhagen to discuss a potential increase i
Read moreFriday broker round-up
30th Mar 2012 10:12
Cranswick: Investec lifts target to 870p and remains a buyer; Peel Hunt ups target from 750p to 800p, hold rating kept. Electrocomponents: Peel Hunt raises target from 180p to 225p but maintains sell recommendation. ENRC: Nomura slashes target from 750p to 700p and keeps reduce stance. FirstGroup
Read moreSSE customers cut back on gas and electricity usage
30th Mar 2012 09:16
Utility stock SSE looks set to remain a favourite of income investors as it reaffirmed its intention to increase its full year dividend by at least a couple of percentage points above the year-on-year change in the UK Retail Price Index (RPI). To save you doing the maths, SSE said that would indica
Read moreLondon midday: Macro data weighs on stocks
22nd Mar 2012 11:43
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks The Footsie was firmly lower by lunchtime as a result of heavy losses in the mining sector on the back of some gloomy economic data from China.
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