THE WEEK AHEAD February 20, 2012 Today At this morning’s results for Bluetooth technology firm CSR, investors will be looking at how much value the company’s acquisition of peer Zoran in August last year brings. CSR is guiding that revenue for the first quarter will be between $230m and $250m (£145m and £158m), but analysts have a more cautious forecast of [...]
E.ON latest to join price war with 6pc cut January 16, 2012 ENERGY company E.ON is the latest provider to reduce its customers’ household bills to reflect lower wholesale prices. E.ON yesterday became the fifth of the big six energy companies to announce price cuts for either gas or electricity in the past few days. E.ON said the cut to electricity would benefit three quarters of its [...]
E.ON latest to join price war with 6pc cut January 16, 2012 ENERGY company E.ON is the latest provider to reduce its customers’ household bills to reflect lower wholesale prices. E.ON yesterday became the fifth of the big six energy companies to announce price cuts for either gas or electricity in the past few days. E.ON said the cut to electricity would benefit three quarters of its [...]
FTSE takes a breather as clouds gather over Greece January 24, 2012 BRITAIN’S top share index retreated from six-month peaks yesterday as Eurozone debt woes prompted investors to take profits in banking stocks and rebalance portfolios in favour of high dividend payers. The fall on the London bourse chimed with weaker equity performance in Europe and the United States, on worries that Greece could be heading for [...]
FTSE takes a breather as clouds gather over Greece January 24, 2012 BRITAIN’S top share index retreated from six-month peaks yesterday as Eurozone debt woes prompted investors to take profits in banking stocks and rebalance portfolios in favour of high dividend payers. The fall on the London bourse chimed with weaker equity performance in Europe and the United States, on worries that Greece could be heading for [...]
British Gas cuts price by 5 per cent January 12, 2012 British utility Centrica said it will cut household electricity prices by five per cent with immediate effect, one day after rival EDF Energy announced plans to slash gas bills, also by five per cent. The utility, which owns Britain’s largest gas supplier British Gas, said it was unable to cut gas bills as long-term costs [...]
BEST OF THE BROKERS November 22, 2011 MITIE UBS rates the outsourcing group “buy” with a target price of 290p, up from 280p following better than expected results. The broker is impressed by the firm’s confident outlook, noting its significant order wins that have driven its order book, and thinks Mitie will benefit from cost saving drives in both the public and [...]
Centrica acquires PH Jones May 16, 2011 British Gas parent Centrica yesterday snapped up central heating provider PH Jones for £30m in cash. Centrica said the deal represented a step forward in its expansion into social housing services, and follows on from a partnership with housing repair firm Mears last year. Cheshire-based PH Jones, which was family-owned, has 42 contracts to service [...]
Centrica may shut field due to tax raid June 2, 2011 BRITISH Gas parent Centrica said yesterday that it will scale back or even halt production at one of its Morecambe gas fields thanks to a massive tax hike on energy production. Centrica said its South Morecambe field’s future was particularly uncertain, though its North Morecambe field is due to come back onstream shortly. “Profitability of [...]
British Gas plans job cuts to lower costs November 16, 2011 CENTRICA’S British Gas, the country’s biggest household energy supplier, said it would cut about 850 roles to lower costs just as official data showed unemployment hit its highest level in 15 years. The job cuts will take place in British Gas’ services business, which employs about 10,000 people, and will affect back-office management and support [...]