Utilities Sector News

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  • Ed Miliband now wants to ban outside work altogether. Such a move would impoverish public life

  • Britain has blocked a deal by Russian billionaires, Mikhail Fridman and German Khan, to buy 12 oil and gas fields in the North Sea as part of their acquisition of Germany's oil firm DEA from RWE (LSE: 0HA0.L - news) , citing possible sanctions against Russia. "If the proposed acquisition were to proceed in its current …

  • BP ex-chief Browne to run Russian oligarchs' oil venture - FT Reuters - UK Focus - Sat, Feb 28, 2015 12:26 GMT

    John Browne, the former chief executive of BP, will take charge of a $10 billion oil and gas venture backed by Russian billionaire Mikhail Fridman to help it expand internationally through partnerships and acquisitions, the Financial Times reported. Browne told the newspaper he will be appointed executive chairman of L1 …

  • Ex-Diageo Chief Walsh In Line For Top CBI Job Sky News - Fri, Feb 27, 2015 20:48 GMT
    Ex-Diageo Chief Walsh In Line For Top CBI Job

    The UK's biggest employers' lobbying group is lining up Paul Walsh, the former chief executive of Diageo (LSE: DGE.L - news) , as its next president. Sky News has learnt that the CBI is in discussions with Paul Walsh about replacing Sir Mike Rake in one of the most prestigious roles in British business when his term expires …

  • The Centrica PLC (LON: CNA) price fall has made its shares look attractive: how about peers National Grid plc (LON:NG) and SSE PLC (LON:SSE)?

  • Royston Wild explains why dividend hunters should give SSE PLC (LON: SSE) and Royal Bank Of Scotland Group plc (LON: RBS) short shrift.

  • Network companies press ahead with UK-Belgium power cable Reuters - UK Focus - Fri, Feb 27, 2015 07:52 GMT

    Britain's National Grid and its Belgian counterpart Elia signed a final investment agreement on Friday to build a 1,000-megawatt subsea power link between the two countries. The 140-kilometre power cable, ...

  • Nasdaq resumes climb; S&P 500, Dow fall with energy Reuters - Thu, Feb 26, 2015 21:36 GMT
    Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York

    The Nasdaq resumed its recent advance on Thursday after deal news in the technology sector, while the Dow and S&P 500 dipped as energy shares sank with oil prices. The day's move put the Nasdaq within just 12 points of the 5,000 mark, which it last hit in March 2000 along with its all-time high of 5,132.52 at the height …

  • London close: FTSE edges higher to new record close Sharecast - Thu, Feb 26, 2015 17:36 GMT

    London's FTSE 100 managed to inch higher to a new record high on Thursday as improving economic data across Europe and positive developments in Ukraine boosted markets after a slow start.

  • Two non-executive directors to quit Tesco board Reuters - UK Focus - Thu, Feb 26, 2015 16:20 GMT

    Changes to the make-up of Tesco (Xetra: 852647 - news) 's board continued apace on Thursday with Britain's biggest retailer saying two of its non-executive directors will leave at the end of the month. The firm said Jacqueline Tammenoms Bakker had indicated her wish to retire having completed six years on the board, …

  • Director/PDMR Shareholding Business Wire - Thu, Feb 26, 2015 16:01 GMT

    LONDON--(BUSINESSWIRE)-- Centrica plc 26 February 2015 Director Shareholdings Acquisition of Shares On 25 February 2015, in accordance with Share Purchase Agreements entered into with the Company by the ...

  • Britain's coal-fired power generation at five-year low in 2014 Reuters - UK Focus - Thu, Feb 26, 2015 13:00 GMT

    Britain's coal-fired power generation last year fell to a five-year low, government data showed on Thursday, meaning it was likely that powerplant emissions of carbon dioxide (CO2) in the EU's second largest carbon polluter also fell. Coal-fired output fell by 23 percent to 94.9 terawatt-hours (TWh), its lowest level since …

  • Centrica says Rough gas withdrawals reduced Reuters - UK Focus - Thu, Feb 26, 2015 10:47 GMT

    Britain's biggest underground gas storage facility, Rough, is undergoing an unplanned cut to withdrawals, operator Centrica said on Thursday. The flow cut began at 0600 GMT and is expected to reduce withdrawal ...

  • UK stocks were more or less flat on Thursday morning with markets fluctuating at record highs amid a barrage of corporate earnings and economic data.

  • The logo of Spanish power company Iberdrola is seen on top of Iberdrola's main office building in Madrid

    A world leader in wind turbines, Iberdrola joins other European companies seeking to grow via acquisitions outside sluggish domestic markets. Last year, German engineer Siemens (SIEGn.DE) agreed to buy U.S. turbine maker Dresser-Rand (DRC.N). Iberdrola's earnings have been hit hard by Europe's economic crisis, as well …

  • Britain's Capita trumpets contract pipeline, eyes overseas expansion Reuters - UK Focus - Thu, Feb 26, 2015 10:08 GMT

    British outsourcing group Capita is setting its sights on new markets after giving an upbeat assessment of its prospects on the back of a 14 percent rise in full-year revenue and 1.1 billion pounds ($1.7 billion) of contract wins for 2015. It recently bought avocis, a customer call centre management company operating …

  • Petrofac topped the risers as profits came in above analysts' expectations, albeit towards the bottom of the company's own guidance. Chief executive Ayman Asfari said the company was well positioned to ...

  • Should you buy Centrica PLC (LON: CNA) or National Grid plc (LON: NG) for income potential?

  • Holding(s) in Company Business Wire - Wed, Feb 25, 2015 10:30 GMT

    LONDON--(BUSINESSWIRE)-- 25 February 2015 CENTRICA PLC Notification of Major Interests in Shares Centrica plc (“the Company”) received notice on 24 February 2015 (under the obligations imposed by Section ...

  • London open: UK stocks tread water at all-time high Sharecast - Wed, Feb 25, 2015 09:16 GMT

    UK stocks were flat on Wednesday morning as markets paused for breath following the new all-time highs reached the previous session.

  • London's FTSE 100 set a new all-time high on Tuesday afternoon, surpassing the previous record reached amid the dotcom bubble at the end of 1999, as the Eurogroup approved a bailout extension request from ...

  • New Issue- SSE plc prices dual tranche deal Reuters - UK Focus - Tue, Feb 24, 2015 16:25 GMT

    Following are terms and conditions of a bond priced on Tuesday. Borrower SSE PLC **** Tranche 1 Issue Amount 750 million sterling Maturity Date Perptual bond Coupon 3.875 pct Issue price 99.7630 Reoffer ...

  • BUZZ-Drax: boosted by carbon mkt reforms Reuters - UK Focus - Tue, Feb 24, 2015 15:21 GMT

    ** Power producer Drax jumps 11 pct & poised for its biggest one-day rise in more than 6 yrs after a vote that accelerated the start of reforms to bolster prices on the EU's Emissions Trading System ** ...

  • Drax sees tough year after 2014 profit rise Reuters - UK Focus - Tue, Feb 24, 2015 08:30 GMT

    British power producer Drax reported a rise in 2014 pretax profit on Tuesday as it made more money from selling electricity, but warned of a challenging year ahead due to an expected fall in profits from burning biomass in power plants. Drax has started to see benefits from the conversion of its first two units as 2014 …

  • Drax pre-tax profits rise on stronger power sales Reuters - UK Focus - Tue, Feb 24, 2015 07:25 GMT

    British power producer Drax reported a rise in 2014 pre-tax profit on Tuesday as it made more money from selling electricity but warned of a challenging year ahead due to an expected fall in profits from ...

  • UK stocks edged higher after a slow start on Tuesday as investors expressed hopes that a deal can be struck to give Greece extra time, though upside was limited as markets neared their record highs.

  • France wants to delay a target for bringing its budget deficit below 3 percent of GDP by three years until 2018, German business daily Handelsblatt reported on Monday, in an advance copy of its Tuesday edition. The French government has requested a three-year extension to the 2015 deadline as it wants to keep the debate …

  • Tuesday preview: GKN, BHP Billiton report earnings Sharecast - Mon, Feb 23, 2015 15:35 GMT

    GKN is expected on Tuesday to report an increase in annual earnings, driven by a strong performance in the civil aerospace and automotive divisions.

  • BAE Systems plc (LON:BA), Stagecoach Group Plc (LON:SGC), Centrica PLC (LON:CNA) and Monitise Plc (LON:MONI) are under the spotlight.

  • Gas withdrawals from Centrica's UK storage site in unplanned cut Reuters - UK Focus - Mon, Feb 23, 2015 12:11 GMT

    Britain's biggest underground gas storage facility, Rough, was undergoing an unplanned cut to withdrawals on Monday, operator Centrica said. The flow cut began at 0600 GMT and is expected to reduce withdrawal ...

  • £300 off your energy bills - if you can be bothered Telegraph - Sat, Feb 21, 2015 11:00 GMT

    Who wants to think about “variable rate energy tariffs” when 'The Voice' is just starting?

  • Graham Skelding hoped his switch from EDF to Scottish Power would save him money instead he received a bill of £4,540 after just eight days of gas use

  • Friday tips round-up: Centrica, Rexam Sharecast - Fri, Feb 20, 2015 18:30 GMT

    In an unexpected move, Centrica's new chief, Iain Coon, decided to cut the dividend pay-out for the first time in the company's history. It was reduced by 30% to its lowest since 2009. At approximately ...

  • Week ahead: Greek negotiations and GDP data in focus Sharecast - Fri, Feb 20, 2015 17:38 GMT

    The news-flow surrounding the on-going discussions between Athens and other European capitals will likely be the main focus of attention for markets next week.

  • UK GAS-Unplanned storage outage sparks price rally Reuters - UK Focus - Fri, Feb 20, 2015 17:27 GMT

    British wholesale spot gas prices rallied on Friday after an unplanned outage at the country's biggest gas storage site restricted supply sharply at a time of elevated demand. Gas prices for same-day delivery ...

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