|Bid||1,384.00 x 401200|
|Ask||1,387.00 x 27500|
|Day's range||1,376.00 - 1,400.00|
|52-week range||1,341.00 - 1,612.00|
|PE ratio (TTM)||8.76|
|Forward Dividend & Yield||1.17 (6.17%)|
|1y target est||N/A|
Harvey Jones says Capita plc (LON: CPI) is just one of several bargains to be found in today's otherwise pricey stock market.
Britain's big six energy firms lost a record number of customers in September to smaller challengers, data from industry group Energy UK showed. A total of 163,274 customers switched from the Big Six, the data published this week showed, ramping up pressure on energy companies already facing the introduction of a price cap on their most common tariffs. Britain's energy market is dominated by the so-called big six including Centrica's ,(CNA.L) British Gas, SSE (SSE), Iberdrola's (IBE.MC) Scottish Power, Innogy's npower (IGY.DE), E.ON (EONGn.DE) and EDF Energy (EDF.PA), which account for about 85 percent of the retail electricity market.
Prime Minister Theresa May first proposed a price cap on the energy sector earlier this year, the biggest market intervention since its privatisation almost 30 years ago. "I have been clear that our broken energy market has to change – it has to offer fairer prices for millions of loyal customers who have been paying hundreds of pounds too much," May said on Thursday. The draft bill published on Thursday said the price cap would initially last until 2020, with the potential to be extended by up to three years if needed.
LONDON (Reuters) - Britain's newly-announced retail energy price cap should allow providers enough 'headroom' to compete within the market, business minister Greg Clark said on Thursday following the publication ...
Britain said on Thursday it would ask the regulator Ofgem to devise a price cap for consumer energy tariffs, but did not provide any specific details on how the cap would work for suppliers trying to gauge the impact on their business. The business department set out its draft legislation, saying the price cap would initially last until 2020, with the potential to be extended by up to three years if needed.
The energy regulator has urged household suppliers to help move customers onto better value deals as the Government seeks a cap on default tariffs. Ofgem announced a series of measures it wants to implement aimed at protecting bill-payers from the highest charges and piling more pressure on energy firms to scrap, of their own accord, controversial standard variable tariffs (SVTs). The watchdog said it would need legislation in place to enforce a cap on default tariffs and its intervention was seen as strong evidence that no new law will be in place for this winter.
LONDON (Reuters) - Draft legislation on the British government's plans to cap energy prices will be published on Thursday, a spokesman for Prime Minister Theresa May said on Monday. Last week, May said ...
The Prime Minister is facing a backlash from the energy sector and the country's biggest business lobby group following her pledge to cap "rip-off" bills. Theresa May used her Conservative conference speech - overshadowed by a bad cough and a comedian's stunt - to say the Government planned to carry out its earlier threat of action to fix the "broken energy market".
A British government plan to cap prices has wiped hundreds of millions of pounds off the value of household energy suppliers but details are scant and doubts remain about its implementation. Prime Minister Theresa May said on Wednesday that a cap would be imposed on standard variable tariffs (SVT), the basic rates that suppliers charge if a customer does not opt for a specific payment plan for gas and electricity. Under the proposals, energy market regulator Ofgem would be responsible for setting the new cap which would be a temporary measure kept under review.
Centrica (CNA.L), Britain's biggest domestic electricity and gas supplier, urged the government on Thursday to be more imaginative in its approach to restructuring the market, saying plans to cap prices would lead to less competition and less choice. Prime Minister Theresa May stunned the industry on Wednesday when she announced a plan to impose price caps on standard variable tariffs, the basic rate that energy suppliers charge if a customer does not opt for a specific fixed term deal. Centrica boss Iain Conn said he understood that the market needed further restructuring but added that instead the regulator should scrap SVTs altogether, forcing the industry to work harder to win new customers through competition.
There is a strong consensus within the British parliament that the energy market needs to be restructured and MPs will act to give the regulator the necessary power to impose price caps if needed, business secretary Greg Clark said. Prime Minister Theresa May stunned the energy market on Wednesday when she announced a plan to impose price caps on standard variable tariffs, the basic rates that energy suppliers charge if a customer does not opt for a specific plan. "If they (the regulator) need legal back-up there is a strong consensus in parliament for this, so we will publish legislation and we'll invite the whole house to endorse this so that they have the legal certainty," Clark told BBC Radio 4 on Thursday.
The British government has a duty to act to stop energy companies taking advantage of their loyal customers by overcharging them, business secretary Greg Clark said on Thursday. "A lot of people see themselves as loyal customers and because the companies know that they're loyal ... they are overcharging them," Clark told Sky News.
The energy sector and the country's biggest business lobby group have reacted with horror to the Prime Minister's pledge to cap "rip-off" energy prices. Theresa May used her Conservative conference speech - overshadowed by a bad cough and the actions of a prankster - to say the Government planned to go carry out its earlier threat of action to fix, what she called, a broken market.
LONDON, Oct (Shenzhen: 000069.SZ - news) 4 (Reuters) - Shares (Berlin: DI6.BE - news) in British energy providers Centrica (Frankfurt: A0DK6K - news) and SSE (LSE: SSE.L - news) hit session lows on Wednesday after Prime Minister Theresa May said she would impose a price cap on the domestic energy market. Both utilities' stocks were already in negative territory as traders anticipated an energy policy announcement in May's speech at the Conservative Party conference, but they extended losses on her comments, in which she hit out at "rip-off" energy prices. Centrica shares hit their lowest level in nearly 14 years, last down 6.4 percent, while SSE hit a 20-month low, down 3.6 percent, as analysts dissected the likely impact of the policy change.
** Energy providers Centrica and SSE top fallers on FTSE 100 ahead of a speech by UK PM Theresa May that could contain new detail on government energy policy ** Sun deputy political editor and BBC political ...
Britain's auction for subsidies for renewable electricity cleared at a low of 58 pounds per megawatt hour for offshore wind, the government said on Monday. Projects owned by Germany's Innogy Renewables ...
Oil major Total said it has started production at its Edradour & Glenlivet gas and condensate fields in the United Kingdom, which is expected to boost its North Sea output with an additional 56,000 barrels ...
British Gas owner Centrica (Frankfurt: A0DK6K - news) has announced it will be putting up its electricity prices within weeks. The cost of electricity will rise by 12.5% from the 15 September this year. Gas prices will stay the same - but the hefty hike in the cost of power means the average household on a dual fuel tariff will see their bills go up 7.3%, or around £76.
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, ...
SSE, Britain's second-biggest energy supplier, and rival Scottish Power announced further customer losses on Thursday, underscoring the increasingly competitive nature of an energy retail market that has attracted dozens of new entrants. SSE said it had lost another 230,000 customer accounts in the three months to the end of June, reducing the total to 7.7 million at the end of its financial first quarter. This compares with a loss of 210,000 customer accounts over the year to March 2017, showing that customer losses are deepening for the number two supplier.
SSE, Britain's second-biggest energy supplier, lost another 230,000 customer accounts in the three months to the end of June, the company said on Thursday. The utility said total customer account numbers ...