(Alliance News) - European stocks struggled on Monday, but the FTSE 100 outperformed its blue chip peers thanks to an impressive performance from utility stocks which are set to benefit from rising household bills. Read More
(Alliance News) - Marwyn Value Investors Ltd on Monday said it has hired Mark Hodges as chair of its acquisition company Marwyn Acquisition Co II Ltd. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
(Alliance News) - Octopus Energy has made a last-minute bid in a three-way race to buy collapsed UK electricity and gas supplier Bulb, the Financial Times reported on Friday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
Centrica PLC - Windsor, England-based energy & services company and owner of British Gas - Notes that 20% of votes cast at Tuesday's annual general meeting were against approving its climate transition plan, with 80% of shareholders in favour. "Achieving Net Zero by 2045 and helping our customers achieve Net Zero by 2050 is vitally important to us and we will continue to engage with shareholders on our Climate Transition Plan so as to ensure their views are fully understood," it says. Outside of this, proposal to approve directors' remuneration policy sees 17% of votes cast against. Read More
(Alliance News) - Centrica PLC will not launch a legal bid to challenge the UK government's new windfall tax, its chair said on Tuesday. Read More
Centrica PLC - Windsor, England-based energy & services company and owner of British Gas - Says performance and outlook unchanged since early-May update. In May, company said it expects annual earnings at the top end of analyst expectations, despite seeing inflationary and supply chain "headwinds". It forecasts its 2022 adjusted earnings per share to be around the top of a 6.7 pence to 10.8p range. At the very least, this would be 63% higher than the 4.1p adjusted basic earnings per share it achieved in 2021. In May, it said it saw a "strong operational performance" in the first four months of 2022 but cautioned on "some supply chain disruption and higher inflation impacting both the cost base and customer demand". Read More
(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, June 20 after completing its quarterly review. Read More
(Alliance News) - Centrica PLC on Monday said it has completed the USD1.1 billion sale of Spirit Energy's Norwegian oil and gas assets. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday afternoon: Read More
(Alliance News) - Advertising firm S4 Capital on Monday said its revenue jumped in the first quarter and was ahead of its guidance to the market. Read More
(Alliance News) - Stocks in Europe climbed on Wednesday, with the FTSE 100 leading the way as the pound weakened, while gains for European indices were more muted ahead of the latest US Federal Reserve meeting minutes. Read More
(Alliance News) - British Gas-owner Centrica PLC and chemical firm Johnson Matthey PLC are set to return to the FTSE 100 index next month, replacing television broadcaster ITV PLC and postal operator Royal Mail PLC, according to indicative changes released by FTSE Russell on Tuesday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
(Alliance News) - Marks & Spencer on Wednesday reported a swing to profit for the year ended April 2, but the clothing, homewares and food retailer cautioned on profit in the year ahead, amid the war in Ukraine and investment plans. Read More
(Alliance News) - Stocks in London ended lower on Tuesday following weak PMI data, while fears over a potential windfall tax hurt energy companies. Read More
(Alliance News) - London's key stock index came off its morning-session lows by midday on Tuesday, still in negative territory but outperforming European peers after the pound fell following a weak UK PMI reading. Read More
(Alliance News) - UK Chancellor Rishi Sunak is mulling a windfall tax on more than GBP10 billion of excess profit achieved by electricity generators, the Financial Times reported on Monday. Read More