Telecom Plus sees growth accelerate in second quarter
8th Oct 2013 07:27
Growth has accelerated in the second quarter at utilities reseller Telecom Plus as it enjoyed record levels of distributor recruitment. The FTSE 250 company, which operates via the Utility Warehouse brand and uses customers as distributors, reported "significant acceleration" in the growth of new c
Read moreLondon close: Stocks rally after Bernanke comments on QE
17th Jul 2013 16:58
Markets rallied on Wednesday afternoon following comments from Federal Reserve Chairman Ben Bernanke who said that quantitative easing (QE) is 'by no means on a pre-set course' and still depends on how the economic recovery plays out. "For markets, that's good news as the US economic recovery, thou
Read moreFTSE 250 movers: Hochschild Mining jumps after Q2 update
17th Jul 2013 14:53
Mining stocks were in demand on Wednesday with precious metals group Hochschild Mining the standout performer after saying that it remains on track to hit its full-year production target of 20m silver equivalent ounces following an in-line second quarter. The company also said that its 'cashflow opt
Read moreLondon midday: Unanimous MPC vote on QE takes markets by surprise
17th Jul 2013 11:53
Minutes from this month's Monetary Policy Committee (MPC) meeting took markets by surprise on Wednesday morning, with the FTSE 100 slipping into the red after it was revealed that policymakers voted unanimously to leave the Bank of England's (BoE) bond-buying programme unchanged. Investors were lar
Read moreLondon open: Miners, financials gain ahead of BoE minutes
17th Jul 2013 08:30
Markets edged higher on Wednesday morning with strong gains in the mining and financial sectors providing a lift ahead of key announcements from central banks in the UK and US. The minutes of the latest Bank of England policy meeting are due out this morning with investors waiting to hear what Mark
Read moreTelecom Plus adds more customers in first quarter
17th Jul 2013 07:26
UK multi-utility supplier Telecom Plus reported an 11 per cent hike in customer numbers during the first quarter and expects first half profit to be better than last year. The group, which provides fixed-line telephone, broadband internet, gas and electricity services, said the increase was helped
Read moreWednesday tips round-up: Vodafone, Carnival, Telecom Plus
22nd May 2013 06:57
Despite the falls evident in yesterday´s quarterly results, in what has traditionally been its main performance metric -organic service revenues - any weakness in Vodafone´s share price looks like it would be a buying opportunity, says The Times´s Tempus. Above all, it is hard to see how the situati
Read moreTelecom Plus profits rise on strong customer growth
21st May 2013 08:10
UK multi-utility supplier Telecom Plus reported a 12.7 per cent jump in annual pre-tax profit driven by a rise in customers and a record increase in service numbers. Pre-tax profits for the year ended March 31st came to £34.6m, compared to £30.7m the previous year. The company, which supplies gas
Read moreSector movers: BT drags telecoms lower after recent surge
13th May 2013 15:24
Shares in BT Group were pulling back on Monday after a strong surge the previous session, pressuring the fixed line telecoms sector to the bottom of the pile. Annual results from BT were met with a 12% share-price rise on Friday after the company beat analysts' estimates with a 21% jump in adjusted
Read moreWednesday broker round-up UPDATE
8th May 2013 09:08
Altitude Group: WH Ireland initiates with a target price of 50p and a buy recommendation. Betfair Group: Deutsche Bank increases target price from 725p to 884p, while staying with its hold recommendation. Nomura raises target price from 766p to 883p and reiterates a neutral rating. Exane BNP ups ta
Read moreLondon pre-open: FTSE to start week lower
2nd Apr 2013 07:29
City sources predict the FTSE 100 will open down 15 points from Thursday's close of 6,412, returning after the long bank holiday weekend. Overnight, both US and Asian markets moved lower, with the former dropping on the back of a worse-than-expected reading of American manufacturing dampened senti
Read moreTelecom Plus confident for full year
2nd Apr 2013 07:11
Utility services provider Telecom Plus said it remains confident of reporting full year profits in line with market expectations following a strong fourth quarter for distributor, customer and service numbers. The FTSE 250 firm, which provides utility services to residential and business customers,
Read moreLondon open: Markets lack direction early on
11th Feb 2013 08:37
The FTSE 100 opened flat on Monday morning with volumes thin as Asian markets close for the Lunar New Year holidays. Market strategist Ishaq Siddiqi from ETX Capital said that there was "a lack of direction from Asia overnight" with Japan's Nikkei and Hong Kong's Hang-Seng indices both closed. "At
Read moreTelecom Plus to boost divi by 15 per cent
11th Feb 2013 07:54
Telecom Plus, the FTSE 250 utilities services provider, said Monday that it was confident that it will report full year profits in line with market expectations, following a period of continued strong organic growth. It said underlying cash generation has continued to be strong, while total group
Read moreTelecom Plus makes confident call for full year
20th Nov 2012 08:15
Discount utility provider Telecom Plus is confident it will produce record profits for the full year on the back of strong interims. For the six months ending September 30th, revenues were up 30% to £210m (2011: £161.7m), reflecting strong organic growth. Revenue growth was driven by the number of
Read more