Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,738.29
    +445.06 (+0.88%)
     

  • CMC Crypto 200

    1,325.96
    +48.98 (+3.84%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
BRANDS:

Meet one of the UK’s largest unknown start-ups

Video editing platform Veed has grown to 10 million users

BUZZ-United Utilities: Bernstein upgrades on attractive valuation

Reuters - UK Focus

** Utilities company's shares up 2.5 pct, among top FTSE 100 gainers after Bernstein raises to "outperform" from "market-perform", PT to 1050p from 1040p

** Analysts say valuation gap has opened between co and its peer Severn Trent (Other OTC: STRNY - news) since June, when both cos were cut to "market-perform"

** United Utilities (LSE: UU.L - news) trades at 19.3 times its 12 mth forward earnings, according to Thomson Reuters (Dusseldorf: TOC.DU - news) data, compared with Severn Trent's ratio of 22.3; both at premium to their peers

** Analysts also upgrade Centrica (LSE: CNA.L - news) to "outperform" from "market-perform", keep PT of 280p; downgrade RWE (Amsterdam: RW6.AS - news) to "market-perform" from "outperform", cut PT in half to 14 euro

** United Utilities top of Stoxx 600 Utilities Index in decent volumes (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)