It must be time for another holiday August 2, 2011 If the UK’s economy was really as severely dented by the numerous bank holidays in April as some say, let us hope the nation as a whole doesn’t follow David Cameron in his holidaying habits. Never mind the UK’s faltering growth, the US debt deal or the worsening of the Eurozone crisis. The Prime Minister, [...]
It must be time for another holiday August 2, 2011 If the UK’s economy was really as severely dented by the numerous bank holidays in April as some say, let us hope the nation as a whole doesn’t follow David Cameron in his holidaying habits. Never mind the UK’s faltering growth, the US debt deal or the worsening of the Eurozone crisis. The Prime Minister, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 28, 2011 FINANCIAL TIMES DIRECTORS’ PAY AND PENSIONS UNDER SCRUTINY FTSE 100 directors have amassed final salary pension pots averaging £2.8m, according to research, while trade union bosses came under fire for their pay packages before Thursday’s strike by up to 750,000 teachers and civil servants on pension reform. A survey of 137 directors by Incomes Data [...]
FTSE closes up as banks and commodity shares rebound June 27, 2011 BRITAIN’S leading share index ended higher yesterday, supported by a rally from commodity issues and banks as investors awaited news about Greece’s debt crisis, expected over the next few days. Greece’s parliament began to debate measures to increase taxes and cut fiscal spending, approval for which is needed for the European Union and International Monetary [...]
United Utilities in line for strong full-year March 24, 2011 United Utilities, the largest listed water utility, said trading in the second half had been slightly ahead of its expectations, putting it on track for a “solid” performance for the year. The company said regulated revenue had continued the positive trend from the first half, but would be slightly lower in the second, reflecting seasonal [...]
Solid sales for United Utilities March 24, 2011 UNITED Utilities, the largest listed water utility, said trading in the second-half had been slightly ahead of its expectations, putting it on track for a solid underlying performance for the year. The company said regulated revenue had continued the positive trend from the first-half, but would be slightly lower in the second, reflecting seasonal changes. [...]
Utilities performing well February 1, 2011 Northumbrian Water Group said trading in the second half had been in line with estimates, putting it on track for a “sound” performance for the year to March 2011. Scottish & Southern Energy meanwhile said that its household customers used more gas in the last 10 months, and that it expected profits to be in [...]
Trading on course at UK’s Pennon despite weather February 15, 2011 BRITISH water and waste company Pennon said the severe winter weather hurt operations at both of its units, though said trading since October had been in line with its expectations. Britain was hit by an unusually hard winter, with one of the coldest Decembers on record. Pennon – which supplies customers in Devon and Cornwall [...]
BEST OF THE BROKERS February 2, 2011 NORTHUMBRIAN WATER JP Morgan Cazenove has upgraded the utility to “overweight” with a target price of 340p. The broker points out that the shares are the worst performing of the European utilities, but can find no fundamental reason for the underperformance. It adds that Northumbrian’s dividend cover remains strong at two times with a high [...]
BEST OF THE BROKERS February 2, 2011 NORTHUMBRIAN WATER JP Morgan Cazenove has upgraded the utility to “overweight” with a target price of 340p. The broker points out that the shares are the worst performing of the European utilities, but can find no fundamental reason for the underperformance. It adds that Northumbrian’s dividend cover remains strong at two times with a high [...]