Citi expresses concern around UK water utilities' premium valuation
9th Mar 2016 13:26
(ShareCast News) - Analysts at Citi on Wednesday recommended investors turn off the tap, cautioning they were increasingly concerned about UK water utilities' premium valuation. Their share prices had run up by 83% since 2010, outperforming the wider sector by 101% during that time frame, analyst Je
Read moreUnited Utilities and Severn Trent set up non-household joint venture
1st Mar 2016 07:25
(ShareCast News) - Water groups United Utilities and Severn Trent have formed a joint venture of focused on their business customers, merging the billing, sales and customer services functions ahead of the business market opening to competition in England. With both companies sharing the development
Read moreOfwat's 'Water 2020' plans credit negative for UK water sector, Moody's says
15th Jan 2016 14:47
(ShareCast News) - Changes proposed by the UK regulator for water and sewerage companies in England and Wales - Ofwat - in its approach for the 2019 consumer price review would, if implemented, be credit negative for the sector, according to Moody's. Following a request by the government, Ofwat has
Read moreSector movers: Utilities downgraded, banks hit by FSB capital rules
9th Nov 2015 16:05
(ShareCast News) - The utilities sector was the worst performer on Monday, with banks starting well but losing ground and fund managers well bought. Banks got off to a good start early in the session, with Barclays, RBS, HSBC and Standard Chartered all powering higher as, following last week's robus
Read moreBroker tips: StanChart, National Grid, United Utilities
9th Nov 2015 16:02
(ShareCast News) - StanChart´s stock looks oversold in the near-term so there is upside to be had in the shares and with the announcement of a rights issue behind us investors will soon be past the point where they are fearful of the risks of dilution a top broker said on Monday. However, there were
Read moreMonday broker round-up
9th Nov 2015 14:18
(ShareCast News) - Talktalk Telecom Group: HSBC downgrades to hold, cuts target price to 260.00p. Spirent Communications: Citigroup downgrades to neutral. Target price: 75.00p. United Utilities Group: Societe Generale downgrades to hold. Target price: 940.00p. Stagecoach Group: Barclays reitera
Read moreFTSE 100 movers: Financial companies' rises offset IHG and utility falls
9th Nov 2015 14:10
(ShareCast News) - The FTSE 100 started the day on a high but slowly started to sink into the red, with the market down 4.22 (0.07%) by mid-afternoon to 6,349.61 despite a strong performance from financials. Aberdeen Asset Management, Standard Chartered, Barclays and HSBC were all boosted by the ri
Read moreUtilities shares fall on back of downgrades
9th Nov 2015 09:57
(ShareCast News) - Utility companies have taken a hit on the back of downgrades from a number of investment banks. Societe Generale cut its rating for United Utilities from 'buy' to 'hold' despite an expectation of reassuring first half results due out on 25 November. It said the recent strong shar
Read moreFriday broker round-up
9th Oct 2015 16:28
(ShareCast News) - Ferrexpo: UBS upgrades to neutral, cuts target price to 36.00p. Carillion: Investec Securities downgrades to hold. Target price: 300.00p. Weir Group: RBC Capital Markets downgrades to underperform, bumps down target price to 50.00p. United Utilities Group: Credit Suisse upgrades
Read moreLondon pre-open: Stocks to start lower after Chinese PMI data
23rd Sep 2015 07:23
(ShareCast News) - Investors were expected to focus on global manufacturing data and central bank talk on Wednesday after US stocks struggled to find their footing in the previous session. The Footsie was being called to start the day lower by 53 points to 5,882. As of 07:32 the Shanghai Stock Exch
Read moreUnited Utilities revenue expected to remain flat, profit to dip
23rd Sep 2015 07:11
(ShareCast News) - United Utilities has announced group revenue for the six months to 30 September is likely to remain flat. The FTSE 100 listed group released a trading update on Wednesday, and said the impact of lower regulated revenue is offset by slightly higher non-regulated sales. Profit for
Read moreSunday share tips: Dairy Crest, Cluff Natural Resources, tightening cycle stocks
20th Sep 2015 15:08
(ShareCast News) - Dairy Crest shares are worth buying, said Danny Fortson in the Sunday Times' Inside the City column. Investors are currently awaiting a Competition & Markets Authority decision on 19 October whether to allow Dairy Crest to sell its dairy business, roughly two thirds of group sales
Read moreBroker tips: Glencore, Amlin, United Utilities
8th Sep 2015 16:00
(ShareCast News) - JPMorgan Cazenove upgraded Glencore to 'neutral' from 'underweight' and lifted its price target to 150p from 130p. It said the miner's debt-reduction measures announced on Monday broadly address concerns over the sustainability of the investment grade credit rating. The bank now
Read moreUnited Utilities up sharply on SocGen upgrade
8th Sep 2015 10:48
(ShareCast News) - Shares in United Utilities spiked after Societe Generale upgraded the stock to 'buy' from 'hold', keeping the target price unchanged at 940p. The bank said the recent fall in the share price has resulted in a bare 14% premium to march 2015 market value debt versus 16% for Pennon a
Read moreFTSE 100 movers: Glencore and Antofagasta lead blue chips higher
7th Sep 2015 15:20
(ShareCast News) - The FTSE 100 began the week on the front foot, lifted by commodities giants Glencore and Antofagasta. With less than an hour before the London session's close, the blue chip index was up 0.48% at 6,071.64 points. Glencore was surging on the back of its new plan to pare back its $
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