Utilities Sector News

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  • Britain's National Grid has sold a majority stake in its gas network in a 5.4 billion pound deal which could test Prime Minister Theresa May's pledge to vet infrastructure sales to foreign buyers. The ...

  • British Gas to pay penalty over advanced meters Reuters - UK Focus - Wed, Dec 7, 2016 11:17 GMT

    Dec (Shanghai: 600875.SS - news) 7 (Reuters) - UK energy regulator Ofgem fined energy supplier British Gas 4.5 million pounds ($5.67 million) for failing to supply advanced meters to some large business customers by an April 2014 deadline, it said on Wednesday. British Gas, owned by Centrica (Frankfurt: A0DK6K - news) …

  • European shares rise as Italy bank rally powers sector Reuters - UK Focus - Tue, Dec 6, 2016 18:07 GMT

    European shares rose on Tuesday for a second day with banking stocks surging to an 11-month high as investors dipped back into a beaten-down sector following Italy's constitutional referendum on the weekend. ...

  • Britain's mid-caps lag FTSE as spreadbetters tumble Reuters - UK Focus - Tue, Dec 6, 2016 17:09 GMT

    Britain's mid-caps underperformed blue-chip peers on Tuesday, as spreadbetting firms' stocks tumbled after regulators announced a planned crackdown on some of their products. Britain's financial watchdog ...

  • Shares in Drax Group plc (LON: DRX) are heading higher today but should investors buy into the growth story?

  • UK coal power producer Drax to buy energy supplier, gas plants Reuters - UK Focus - Tue, Dec 6, 2016 12:15 GMT

    LONDON, Dec (Shanghai: 600875.SS - news) 6 (Reuters) - Britain's largest coal power producer, Drax, announced on Tuesday that it wants to buy supplier Opus Energy and four gas stations in a move away from its coal legacy that was welcomed by investors. Drax said it has made a 340 million pound ($434 million) offer for …

  • Utilities lead European shares higher, Italian banks rally Reuters - UK Focus - Tue, Dec 6, 2016 11:02 GMT

    European shares extended gains on Tuesday, with the utilities sector leading the market higher after British power producer Drax Group Plc announced it plans to buy an energy supplier and four gas power ...

  • 3 stocks I reckon could nosedive in 2017 Fool.co.uk - Sat, Dec 3, 2016 08:00 GMT

    Royston Wild reveals three stocks in danger of slumping next year.

  • Britain's FTSE slips lower ahead of Italian referendum Reuters - UK Focus - Fri, Dec 2, 2016 17:36 GMT

    LONDON, Dec (Shanghai: 600875.SS - news) 2 (Reuters) - Britain's top share index edged downwards to a 2-week low on Friday as investors avoided risky bets heading into the weekend of Italy's constitutional referendum, with bank shares leading the declines. The blue-chip FTSE 100 closed down 0.3 percent, taking its loss …

  • EDF mulls lowering dividend payout ratio to max 50 pct-BFM Reuters - UK Focus - Fri, Dec 2, 2016 15:32 GMT

    PARIS, Dec (Shanghai: 600875.SS - news) 2 (Reuters) - French utility EDF (Paris: FR0010242511 - news) is considering a cut in the amount of net profit it pays out in dividends, a business website quoted a finance ministry source as saying, as it looks to shoulder a multi-billion euro investment bill in coming years.  …

  • Energy firms swoop on startups in billion-dollar technology race Reuters - UK Focus - Fri, Dec 2, 2016 13:50 GMT

    LONDON, Dec (Shanghai: 600875.SS - news) 2 (Reuters) - Europe's biggest energy companies have ploughed more than 1 billion euros ($1.1 billion) into startups, according to Reuters calculations, with several deals announced in the past month as they accelerate a quest for new technologies to outpace rivals. Taking a leaf …

  • National Grid sale covers key chunk of UK infrastructure

    British Gas and E.ON are freezing standard energy tariffs for the winter in a move affecting millions of UK households. The decision by British Gas, which is the UK's biggest energy supplier, not to raise prices will mean that more than six million customers will see their charges for gas and electricity stay the same until …

  • Centrica plc (LON: CNA) and SSE plc (LON: SSE) show they can still be beautiful, says Harvey Jones.

  • SCENARIOS -Beyond banks, investors seek other Italian referendum plays Reuters - UK Focus - Thu, Dec 1, 2016 15:17 GMT

    MILAN, Dec (Shanghai: 600875.SS - news) 1 (Reuters) - With (Other OTC: WWTH - news) only three days to go before Italians vote in a referendum that could tip their country into political chaos, investors are trying to work out how to play the ballot on the stock market. The prospect that Prime Minister Matteo Renzi could …

  • National Grid sale covers key chunk of UK infrastructure

    British Gas is freezing its standard energy tariffs for the winter in a move affecting more than six million customers. The UK's biggest energy supplier will keep the charges for gas and electricity on hold until at least March. Britain's Big Six energy suppliers have been under pressure to treat loyal customers on standard …

  • British Gas, E.ON to freeze UK energy prices this winter Reuters - UK Focus - Thu, Dec 1, 2016 14:41 GMT

    Centrica owned British Gas and E.ON, two of Britain's "big six" suppliers, have frozen their standard energy prices this winter, adding to pressure on rivals to do the same. British wholesale ...

  • Total Voting Rights Business Wire - Thu, Dec 1, 2016 11:30 GMT

    LONDON--(BUSINESSWIRE)-- 1 December 2016 Centrica plc (‘the Company’) Total Voting Rights In accordance with the Disclosure and Transparency Rules (‘the Rules’), we notify the market of the following: ...

  • British Gas to freeze UK energy prices this winter Reuters - UK Focus - Thu, Dec 1, 2016 07:49 GMT

    Centrica owned British Gas, Britain's biggest energy supplier, has frozen its standard energy prices this winter, it said on Wednesday, putting more pressure on rival companies to do the same. British ...

  • Are these the FTSE 100’s best income shares? Fool.co.uk - Wed, Nov 30, 2016 15:44 GMT

    Whatever the state of the market, shares paying high dividends are always attractive.

  • UK GAS-Prompt rebounds as oil jumps on OPEC output curb Reuters - UK Focus - Wed, Nov 30, 2016 15:17 GMT

    British prompt gas prices rose on Wednesday afternoon, recovering slightly from earlier losses after oil prices jumped more than 8 percent on OPEC's agreement to cut output for the first time since 2008. ...

  • Centrica sells Trinidad and Tobago gas assets to Shell Reuters - UK Focus - Wed, Nov 30, 2016 12:42 GMT

    British utility Centrica said on Wednesday it has agreed to sell its gas assets in Trindad and Tobago for $30 million to Royal Dutch Shell . The assets include a 17.3 percent interest in the producing ...

  • Disposal Business Wire - Wed, Nov 30, 2016 12:00 GMT

    LONDON--(BUSINESSWIRE)-- Centrica agrees to sell its entire equity interests in Trinidad and Tobago gas assets to Shell Centrica plc has agreed to sell its entire portfolio of gas assets in Trinidad and ...

  • UK GAS-Prices fall as Rough prepares to reopen for withdrawals Reuters - UK Focus - Wed, Nov 30, 2016 10:43 GMT

    British wholesale gas prices fell on Wednesday morning after Centrica said it would restart gas withdrawals from Britain's largest storage site Rough next week. The site, which has been shut since June for well testing, will restart gas withdrawals no later than on Dec. 9, with at least 18 wells available, operator Centrica …

  • UK Rough gas storage site to resume withdrawals by Dec.9-CSL Reuters - UK Focus - Wed, Nov 30, 2016 10:18 GMT

    Rough gas storage site in Britain, which has seen operations restricted since last year, will resume gas withdrawals by Dec. 9, operator Centrica Storage Limited (CSL (Other OTC: CMXHF - news) ) said late on Tuesday. This June, it stopped both withdrawal and injection of gas. Britain depends in large part on stored reserves …

  • Centrica goes ahead with $630 mln oilfield off Norway Reuters - UK Focus - Wed, Nov 30, 2016 06:50 GMT

    Centrica and partners will invest 5.4 billion Norwegian crowns in the development of the Oda oilfield off Norway after cutting costs by around 45 percent compared to initial estimates, the British utility ...

  • Centrica says Easington Terminal work now complete Reuters - UK Focus - Tue, Nov 29, 2016 23:59 GMT

    British utility Centrica Storage Limited said on Tuesday work has concluded on the Easington Terminal, and that works are nearing completion offshore. Its Rough natural gas storage site in Britain, which ...

  • Co-operative Energy chosen to supply GB Energy's customers Reuters - UK Focus - Tue, Nov 29, 2016 19:46 GMT

    Co-operative Energy has been chosen to supply customers of bankrupt GB Energy, British energy regulator Ofgem said. Ofgem said the company will honour all outstanding credit balances for present and past ...

  • Britain's FTSE index slips as Trump rally falters Reuters - UK Focus - Mon, Nov 28, 2016 18:06 GMT

    Britain's top share index slipped on Monday as a rally sparked by Donald Trump's election as U.S. president appeared to falter with financial and energy shares showing the biggest declines, though gold ...

  • UK's big energy suppliers eye bankrupt provider's 160,000 customers Reuters - UK Focus - Mon, Nov 28, 2016 16:55 GMT

    Britain's biggest energy suppliers have submitted bids to take over 160,000 customers left behind by bankrupt energy provider GB Energy, which collapsed on Saturday after being caught out by rising market prices. All of Britain's Big Six energy suppliers, EDF Energy , Innogy's Npower, E.ON, Scottish Power, SSE (LSE: SSE.L …

  • Is the worst over for these trusted defensive stocks? Fool.co.uk - Mon, Nov 28, 2016 16:44 GMT

    National Grid plc (LON:NG) and SSE plc (LON:SSE) investors have had a tough time lately, but is the worst over?

  • French giant signs up to help Icelandic volcanoes power UK homes

    Sky News has learnt that Meridiam, a global asset manager helping to fund the expansion of New York's La Guardia Airport, has agreed to write a multimillion pound cheque to finance part of the development cost of a new 1,000-mile-long pipeline between Iceland and the UK. The venture, Atlantic SuperConnection, is the brainchild …

  • French giant signs up to help Icelandic volcanoes power UK homes

    A multibillion pound project aimed at using the power generated by Icelandic volcanoes to fuel British households has lined up a major French infrastructure investor to back its development. Sky News has learnt that Meridiam, a global asset manager helping to fund the expansion of New York's La Guardia Airport, has agreed …

  • Forget Chancellor Philip Hammond's proposed new savings bond, you can get two or three times the return from a top dividend stock, says Harvey Jones.

  • Should income investors put Pennon Group plc (LON: PNN) at the top of their buy lists?

  • Britain's Good Energy freezes energy prices, ups pressure on peers Reuters - UK Focus - Thu, Nov 24, 2016 15:48 GMT

    Independent energy supplier, Good Energy, said on Thursday it would freeze power prices this winter, following in the footsteps of "big six" rival SSE (Amsterdam: UW8.AS - news) and putting pressure on other suppliers to do the same. British wholesale gas and electricity prices have risen about 30 and 40 percent respectively …

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