Utilities Sector News

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  • Energy stocks take hit on threat of bill cap from Conservatives

    Big Six energy firms Centrica (Frankfurt: A0DK6K - news) and SSE (LSE: SSE.L - news) each suffered a shares sell-off after the Conservatives signalled energy caps would be in their election manifesto. British Gas owner Centrica slipped by nearly 4% while SSE ended 2% lower in reaction to the prospect of a market intervention …

  • Britain's top share index jumped on Monday as banking stocks surged after centrist Emmanuel Macron came out on top in the first round of France's presidential election. The blue chip FTSE 100 index closed ...

  • Bilaal Mohamed considers two very smart, and yet very different ways to invest £1,000 today.

  • Britain's ruling Conservative Party said it would cap domestic energy prices if it retained power in an election in June, targeting an industry it accuses of not working properly and sending shares in the leading providers down sharply. Shares in British energy suppliers Centrica and SSE (Amsterdam: UW8.AS - news) fell …

  • Britain's top share index jumped on Monday as banking stocks surged after centrist Emmanuel Macron came out on top in the first round of France's presidential election. The blue chip FTSE 100 index rose ...

  • Innogy favours cost control in wind power push -CEO Reuters - UK Focus - 17 hours ago

    Innogy, Germany's largest energy company, will keep a tight handle on costs when bidding for wind power projects, its CEO said, less than two weeks after smaller peer EnBW said it could build offshore parks without any state subsidies. Energy firms are fiercely competing for offshore wind tenders across Europe, bidding …

  • Innogy favours cost control in wind power push -CEO Reuters - UK Focus - 18 hours ago

    Innogy, Germany's largest energy company, will keep a tight handle on costs when bidding for wind power projects, its CEO said, less than two weeks after smaller peer EnBW said it could build offshore ...

  • Britain's ruling Conservative Party will intervene in the energy market if it wins an upcoming election in June because the current system is not working properly, Defence Secretary Michael Fallon said on Monday. Prime Minister Theresa May's Conservatives have indicated that they will include a cap on energy prices for …

  • Shares in British energy providers Centrica and SSE fell by as much as 3 percent on Monday after Prime Minister Theresa May's Conservative Party vowed to cap domestic prices if it retains power in an election ...

  • Britain's ruling Conservative Party's election manifesto will focus on Brexit and domestic concerns, such as strengthening the economy and putting a cap on energy prices, Work and Pensions minister Damian ...

  • London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis (EUREX: EDRF.EX - news) "significantly undervalues" the company, in a letter to EDPR's board seen by Reuters. EDP offered 6.80 euros ($7.29) a share to minority shareholders and said it aims …

  • EDF's Hinkley Point project could be hit by construction worker strike Reuters - UK Focus - Thu, Apr 20, 2017 13:07 BST

    Workers on EDF (Paris: FR0010242511 - news) 's 18 billion pound ($23 billion) Hinkley Point C nuclear project in southwest England could go on strike over bonus payments, two labour unions said on Thursday. The GMB and Unite trade unions will hold a vote among 700 workers employed by the Bouygues (LSE: 0HAN.L - news) …

  • EU mergers and takeovers (April 19) Reuters - UK Focus - Wed, Apr 19, 2017 16:34 BST

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Private equity firm Advent International to acquire biometrics ...

  • Energy Secretary Greg Clark promises 'decisive' action on household bills

    Energy Secretary Greg Clark has warned of "decisive" and "muscular" action against energy companies over rising household bills. Greg Clark told the House of Commons Business, Energy and Industrial Strategy Committee that energy bosses had failed to change his mind about the need for action. The Competition and Markets …

  • Ex-divs to take 3.1 points off FTSE 100 on Apr.20 Reuters - UK Focus - Wed, Apr 19, 2017 11:31 BST

    The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, ...

  • Lobby groups file challenge to France's Flamanville nuclear reactor Reuters - UK Focus - Wed, Apr 19, 2017 09:53 BST

    A group of activists has filed a legal challenge with the French prime minister's office against the extension of EDF's licence for construction of the Flamanville nuclear reactor in northern France. The lobby groups said in a statement that the licence, issued in 2007 and renewed this year, should not have been granted …

  • Drax to engage with investors after a third reject 2016 pay plan Reuters - UK Focus - Thu, Apr 13, 2017 14:20 BST

    British power company Drax will engage further with shareholders on executive pay, it said on Thursday, after a third of investors opposed its remuneration report. A total of 33.65 percent of shareholders voted against the report, which attributed Chief Financial Officer Will Gardiner annual remuneration of 971,000 pounds …

  • 2 FTSE 250 stocks I’d buy today Fool.co.uk - Thu, Apr 13, 2017 13:50 BST

    These FTSE 250 (INDEXFTSE:MCX) stocks could have fantastic futures, says G A Chester.

  • Britain's largest energy supplier Centrica (Frankfurt: A0DK6K - news) could face a more than 100 million pound ($125 million) hit to its bottom line after announcing an extension to an outage at its Rough storage field, analysts said. Centrica had closed the storage site, a depleted gas field in the North Sea, to gas …

  • 2 bargain dividend stocks I’d buy in April Fool.co.uk - Thu, Apr 13, 2017 07:00 BST

    This April, the FTSE is offering some tempting dividends.

  • Energy stocks take hit on threat of bill cap from Conservatives

    EDF (Paris: FR0010242511 - news) is hiking bills for the second time this year, a move that has been described as "difficult to justify" by energy regulator Ofgem. The French-owned firm, one of the "Big Six" energy firms, said a typical standard variable dual fuel bill would increase by £78 a year, or 7.2%, to £1,160 …

  • Energy firm EDF hikes bills for second time this year Sky News - Wed, Apr 12, 2017 14:12 BST
    Energy stocks take hit on threat of bill cap from Conservatives

    Big Six energy supplier EDF (Paris: FR0010242511 - news) is hiking bills for the second time this year in a move described as "difficult to justify" by regulator Ofgem and which also drew fire from the Government. The French-owned firm said a typical standard variable dual fuel bill would increase by £78 a year, or 7.2%, …

  • UK's EDF Energy raises prices for second time this year Reuters - UK Focus - Wed, Apr 12, 2017 12:01 BST

    EDF Energy will raise its dual-fuel prices by 7.2 percent from June 21, the company said on Wednesday, increasing its prices for the second time this year. The move comes against the backdrop of a British retail energy market coming under increasing scrutiny after five of the country's bix six suppliers announced significant …

  • UK's Rough gas storage site closed for injection until April 2018 Reuters - UK Focus - Wed, Apr 12, 2017 10:44 BST

    Britain's largest natural gas storage site, Rough, will not be available for gas injection until the end of April next year, operator Centrica Storage Ltd said on Wednesday. Concerns about the integrity ...

  • EDF Energy to raise UK dual fuel bills by 7.2 pct from June 21 Reuters - UK Focus - Wed, Apr 12, 2017 10:44 BST

    Britain's EDF Energy will raise its dual fuel bills paid by direct debit by 7.2 percent from June 21, the company said on Wednesday. The rise will add around 78 pounds a year to the average dual bill, ...

  • British winter gas prices rose on Wednesday morning after Centrica, Britain's largest gas storage facility operator, announced its Rough site will not be available for gas injections until at least the ...

  • 2 high-yield dividend stocks that are ridiculously cheap Fool.co.uk - Tue, Apr 11, 2017 16:21 BST

    Bilaal Mohamed takes a closer look at two London-listed stocks with generous shareholder payouts.

  • These two dividend stocks might not be as safe as you think.

  • Power station group Drax faces first pay revolt since MPs' report

    The owner of Britain's biggest power station next week faces the first major boardroom pay revolt since MPs (BSE: MPSLTD.BO - news) called for remuneration committee bosses to quit if they fail to win overwhelming shareholder backing. Sky News has learnt that Drax Group (Frankfurt: D9F2.F - news) , which operates the …

  • MORNING BID EUROPE-Initial market flight to safety after U.S. airstrike Reuters - UK Focus - Fri, Apr 7, 2017 08:56 BST

    The U.S. cruise missile strikes on a Syrian airbase has prompted a flight to perceived safe-haven assets, including top-rated government debt, gold and the Japanese yen. German 10-year government bond ...

  • National Grid forecasts low UK electricity demand this summer Reuters - UK Focus - Thu, Apr 6, 2017 11:15 BST

    Britain's National Grid (LSE: NG.L - news) expects low demand for electricity this summer and that there could be times when there is more generation than needed, the grid operator said on Thursday. Summer electricity demand from the grid has been falling over the past few years due in part to a rapid increase in the …

  • Engie stake sale deepens doubts over UK nuclear project Reuters - UK Focus - Tue, Apr 4, 2017 14:21 BST

    TOKYO/PARIS/LONDON, April 4 (Reuters) - Toshiba has been forced to buy out French utility Engie from a project to build three nuclear reactors in Moorside, northwest England, adding to strains on the Japanese company's finances and to uncertainty over the project. Engie said on Tuesday it was exercising its right to sell …

  • Hitachi unit applies for site licence for UK's Wylfa nuclear plant Reuters - UK Focus - Tue, Apr 4, 2017 12:05 BST

    Japanese conglomerate Hitachi Ltd's Horizon unit has applied to Britain's nuclear regulator for a site licence to build its Wylfa nuclear project in Wales, Horizon said on Tuesday. The project is one of several new nuclear plants planned in the Britain, which is aiming to replace its ageing fleet of atomic reactors and …

  • BUZZ-Top of the Street: Berkeley, BP, Genmab, insurers Reuters - UK Focus - Tue, Apr 4, 2017 10:31 BST

    A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Liberum's Charlie Campbell downgrades Berkeley to "hold" following good performance and taking into account ...

  • Director Declaration Business Wire - Mon, Apr 3, 2017 15:45 BST

    LONDON--(BUSINESSWIRE)-- 3 April 2017 Centrica plc (‘the Company’) Director Declaration In accordance with Listing Rule 9.6.14R, Centrica plc announces that Joan Gillman, Non-Executive Director, has been ...

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