Investec eyes special dividend potential at United Utilities, Pennon
19th Oct 2016 14:37
(ShareCast News) - Eyeing significant undervaluation in the utilities sector, Investec slapped 'buy' recommendations on United Utilities, upgraded from 'sell', and Pennon from 'hold'. Investec said it believed the recent history and potential direction of the sector, from an equity investor standpoi
Read moreBroker tips: United Utilities, Prudential, service sector
13th Oct 2016 13:50
(ShareCast News) - United Utilities got a boost on Thursday as Societe Generale upgraded the stock to 'buy' from 'hold', noting that recent share price weakness now implies a total shareholder return of 18%. The stock has underperformed the FTSE 100 by 11% since the 2 October Tory Party conference.
Read moreThursday broker round-up
13th Oct 2016 13:43
(ShareCast News) - Ted Baker: Goldman Sachs keeps at buy with a target price of 3140p. Brown N: HSBC reiterates hold, 205p target. MITIE: Citigroup keeps at neutral with a 280p target. Prudential: Societe Generale reiterates outperform with a 1250p target. Astrazeneca: Jefferies keeps at buy with
Read moreUnited Utilities boosted by SocGen upgrade
13th Oct 2016 10:09
(ShareCast News) - United Utilities got a boost on Thursday as Societe Generale upgraded the stock to 'buy' from 'hold', noting that recent share price weakness now implies a total shareholder return of 18%. The stock has underperformed the FTSE 100 by 11% since the 2 October Tory Party conference.
Read moreSector movers: Tesco sets fresh 52-week high, defensives lag
5th Oct 2016 14:53
(ShareCast News) - An upbeat outlook for margins from Tesco boosted the wider sector gauge. The company's shares rocketed to their best levels since late-summer 2015 - setting a fresh 52-week in one fell swoop - after management reported that UK like-for-like (LFL) sales doubled to 0.6% and operatin
Read moreUnited Utilities and Severn Trent drop on RBC downgrade
5th Oct 2016 09:54
(ShareCast News) - Severn Trent and United Utilities were under the cosh on Wednesday after RBC Capital Markets downgraded both stocks as it took a look at the UK water sector. The bank cut Severn Trent to 'underperform' from 'sector perform' on valuation grounds but lifted the price target to 2,300
Read moreUnited Utilities warns on H1 revenue, says current trading in line
27th Sep 2016 07:22
(ShareCast News) - United Utilities said on Tuesday that it expects revenue for the first half of this year to be slightly lower than the same period last year, reflecting the accounting impact of its Water Plus business retail joint venture, partly offset by its allowed regulatory revenue changes,
Read moreSector movers: UK engineers drop on downgrades, utilities lower as well
16th Aug 2016 17:34
(ShareCast News) - Shares in British engineering groups Spectris and Halma dragged the Electronic & Electrical equipment sector lower after analysts at HSBC downgraded their stance on both in the wake-up of the recent run-up in their stock price. "The sector continued to re-rate through results seas
Read moreSunday share tips: Flybe, United Utilities, FairFX
29th May 2016 15:07
(ShareCast News) - Sell shares in Flybe, was the verdict of the Sunday Times' Inside the City column as prospects for profits look limited. A week and a half away from full year results, shares in the regional airline are flying at 53.5p, half the level they started 2015 and valuing the company at a
Read moreFriday broker round-up
27th May 2016 16:29
(ShareCast News) - B&M European Value: Retail Jefferies reiterates buy with a 330p target and Citigroup keeps at buy with a target of 345p. Standard Life: Jefferies stays at buy with a 403p target. United Utilities: JP Morgan reiterates overweight with a target price of 1020p and Exane BNP Paribas
Read moreUnited Utilities reports large drop in full-year profits, divi up
26th May 2016 07:00
(ShareCast News) - United Utilities reported a substantial drop in full-year underlying profits following the introduction of new regulated price controls and because of the expected increase in depreciation and other costs. There was also a £21m increase in infrastructure renewals expenditure in th
Read moreLondon pre-open: Fedspeak, G7 and rise in oil futures in focus
26th May 2016 06:53
(ShareCast News) - Stocks are set to give back some of the week´s ahead of the a fresh reading on economic growth in the first quarter and against the backdrop of today´s meeting of G7 finance ministers and central bank governors in Sendai, Japan. As of 06:54BST the Footsie was being called to start
Read moreFTSE 100 movers: M&S climbs on update; Glencore slips on downgrade
7th Apr 2016 13:04
(ShareCast News) - London's FTSE 100 index was down 0.1% to 6,154.99 at 1410 BST, although retailer M&S bucked the trend. Payments processor Worldpay was under pressure after private equity groups Advent International and Bain Capital sold a 12.5% stake in the company. Glencore fell after JP Morgan
Read moreLondon pre-open: Stocks seen flat as investors eye inflation data
22nd Mar 2016 07:33
(ShareCast News) - London stocks are set to open flat on Tuesday as investors look to the release of UK inflation figures. The FTSE 100 is seen starting unchanged from Monday's close at 6,184. On the data calendar, UK CPI and RPI are at 0930 GMT, along with PPI and public finances. Oanda's Craig
Read moreUnited Utilities sees FY profits lowered by price controls
22nd Mar 2016 07:03
(ShareCast News) - United Utilities said underlying operating profit for 2015/16 would be in line with management expectations, albeit lower than 2014/15, reflecting new regulated price controls and other costs. United added profits would also be hit by an expected increase in infrastructure renewal
Read more