Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     

  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     

  • Bitcoin GBP

    51,605.66
    +526.07 (+1.03%)
     

  • CMC Crypto 200

    1,369.53
    +56.90 (+4.34%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

STOCKS NEWS EUROPE-EDF sets 3-yr high on tariff review plan

Reuters - UK Focus

Shares in French state-controlled utility EDF (Paris: FR0010242511 - news) rise 3.4 percent to a three-year high of 29.7 euros and the top of the STOXX Europe 600 utilities index following news that France's highest administrative court might order a retroactive tariff increase.

The stock is also helped by bullish comments by Morgan Stanley (Berlin: DWD.BE - news) , which raises its price target for EDF to 33 euros from 30 euros and increases its earnings per share forecast.

The investment bank estimates the stock is trading at a discount of between 1 percent and 12 percent to peers in terms of forecast price/earnings ratio and dividend yield.

"We argue it deserves a premium, based on its growth and risk profile," the bank writes in a note.

Reuters messaging rm://geert.declercq.thomsonreuters.com@reuters.net