UK Water Companies To Benefit From Cheap EU Loans - Report
18th Jul 2010 12:48
LONDON (Dow Jones)--The European Union will raise loans to the U.K.'s 10 biggest water utilities by 60% to EUR4 billion, The Independent on Sunday said. The European Investment Bank is the EU's infrastructure lending arm and is already the largest single lender in the sector. The companies,
Read moreMARKET TALK: UBS Downgrades Severn Trent To Neutral Vs Buy
14th Jul 2010 08:13
0713 GMT [Dow Jones] UBS downgrades Severn Trent (SVT.LN) to neutral from buy after the stock gives a total return of 24% year-to-date, outperforming both the FTSE 100 and the sector. Sees little fundamental upside for Severn Trent, although highlights that M&A will be a factor for UK regulated util
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
14th Jul 2010 08:13
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0713 GMT [Dow Jones] UBS downgrades Severn Trent (SVT.LN) to neutral from buy after the stock gives a total return of 24%
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jun 2010 07:19
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0619 GMT [Dow Jones] The VAT increase announced by the UK Chancellor will benefit UK water and energy networks, says Deutsche
Read moreMARKET TALK: VAT Hike Good For UK Water, Energy - Deutsche
23rd Jun 2010 07:19
0619 GMT [Dow Jones] The VAT increase announced by the UK Chancellor will benefit UK water and energy networks, says Deutsche Bank. Says the increase will be a benefit for the regulated networks since it will feed through to inflation via the retail price index. Says the government's revised RPI for
Read moreFTSE 100 movers: Ex-dividends' knock index
16th Jun 2010 15:46
It is a mixed day for Footsie with utilities heading down due to the fact that Severn Trent and United Utilities have gone ex-dividend. Water company Severn Trent is 56p lower even though the final dividend is more than 10p lower than that at 45.61p a share. In contrast, Unitied Utilities is payin
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
15th Jun 2010 12:54
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1154 GMT [Dow Jones] Goldman Sachs nudges down Severn Trent (SVT.LN) price target to 1313p from 1338p, mainly reflecting h
Read moreMARKET TALK: Goldman Nudges Down Severn Trent Price Target
15th Jun 2010 12:54
1154 GMT [Dow Jones] Goldman Sachs nudges down Severn Trent (SVT.LN) price target to 1313p from 1338p, mainly reflecting higher net debt than the brokerage had previously forecast. Says this is partly offset by a positive mark-to-market move on debt. Meanwhile, says the FY results released in May w
Read moreSevern Trent chairman John Egan to retire in July
10th May 2010 13:13
Sir John Egan will retire as chairman of Severn Trent and Severn Trent Water following the AGM on 20 July after five-years in the job. The former boss of Jaguar and BAA joined the board as a non-executive director in October 2004 and took on the chairman's role at the start of 2005. Andrew Duff, n
Read moreLondon midday: Greece woes can't halt bulls
23rd Apr 2010 12:29
London's leading shares have barely blinked on the news that Greece has asked for the $45bn EU/IMF aid package to be activated. The news hit the Euro, but has had little impact on a strong morning for UK equities. Oil company BP said it is initiating a rapid response to clear up an oil spill follo
Read moreLondon open: Minimal gains posted
23rd Apr 2010 08:28
London's leading shares are showing slight gains as a late recovery on Wall Street boosts investor sentiment. Banks are amongst the early movers with RBS, Barclays and Lloyds all higher, while utilities such as Severnt Trent, National Grid and United Utilities are at the bottom end of the market.
Read moreLondon afternoon: Footsie dips below 5700
8th Apr 2010 14:21
Footsie has slipped back below 5700 with banks joining miners in the doghouse this afternoon. Miners are out of favour as metal prices show signs of fatigue. Vedanta Resources provided a spot of cheer to the sector, saying it saw a significant uplift in annual production at all its businesses in fi
Read moreLondon midday: Miners drag Footsie down
8th Apr 2010 12:21
Equity prices started to come off the bottom towards the end of the morning trading session ahead of the Bank of England interest rate and quantitative easing decision which, as expected, preserved the status quo. Miners are out of favour as metal prices show signs of fatigue. Vedanta Resources pro
Read moreLondon open: Wall St pulls London lower
8th Apr 2010 08:40
London is in a downbeat mood in early dealing following the drop on Wall Street overnight despite better than expected sales figures from the bellwether of the High Street, Marks & Spencer. M&S enjoyed a strong start to the year with food and non-food like-for-like sales beating expectations in the
Read moreSector movers: Industrial Transportation shrugs off James Fisher weakness
16th Mar 2010 13:02
The industrial transportation sector is going well despite shares in James Fisher sinking a little following the marine service company's full-year results. The company saw a rise in revenues and profits in 2009 as its specialist technical division helped it shrug off the effects of the global econ
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