Cold winter gives boost to Centrica May 10, 2010 THE cold winter has put British Gas owner Centrica on course for a positive first half. It said gas consumption was seven per cent higher in the first quarter of 2010 than the year before. Electricity consumption rose by two per cent, compared to 2009. It also added an extra 200,000 customers in the first [...]
New non-exec for Lloyds November 16, 2010 LLOYDS has added a new non-executive director to its board, with current-Victrex chair Anita Frew joining from 1 December. Victrex is a FTSE 200 manufacturing firm, but Frew also has experience in investment and banking from her time at the Royal Bank of Scotland and through her non-executive position at Aberdeen Asset Management. Her appointment [...]
New non-exec for Lloyds November 16, 2010 LLOYDS has added a new non-executive director to its board, with current-Victrex chair Anita Frew joining from 1 December. Victrex is a FTSE 200 manufacturing firm, but Frew also has experience in investment and banking from her time at the Royal Bank of Scotland and through her non-executive position at Aberdeen Asset Management. Her appointment [...]
Energy firms get chilly reception to price rises November 30, 2010 PUBLIC perception of the large energy providers has dived after November saw steep price hikes that will see households face near-record gas and electricity bills this winter, despite the fact that wholesale prices, at 1.7p a kilowatt-hour (kWh), are only half the level of 2008 when they reached 3.2p/kWh, and profits are healthy. On 12 [...]
Utility firms lift FTSE 100 as cold snap drives power sales December 20, 2010 UTILITY stocks helped push Britain’s top shares higher yesterday, as the UK’s near-Arctic conditions boosted demand for energy, but British Airways toiled as the big freeze disrupted airline services. The FTSE 100 closed up 19.86 points, or 0.3 per cent, at 5,891.61. Meanwhile, the FTSE 250 closed up 6.33 points at 11,433.11. It touched a [...]
Utility firms lift FTSE 100 as cold snap drives power sales December 20, 2010 UTILITY stocks helped push Britain’s top shares higher yesterday, as the UK’s near-Arctic conditions boosted demand for energy, but British Airways toiled as the big freeze disrupted airline services. The FTSE 100 closed up 19.86 points, or 0.3 per cent, at 5,891.61. Meanwhile, the FTSE 250 closed up 6.33 points at 11,433.11. It touched a [...]
British Gas shuffles seasonal work October 17, 2010 British Gas engineers will get a pay rise of more than a tenth in return for working longer hours in the winter to tackle higher numbers of gas and electricity problems, it emerged yesterday. The parent company of British Gas, Centrica, and the GMB union have negotiated a deal under which the firm’s 8,000 engineers [...]
BEST OF THE BROKERS October 31, 2010 CENTRICA S&P continues to rate the utility a “strong buy” with a 12-month target price of 385p. The broker believes the shares are good value, despite ongoing competition in the UK energy supply market, and that the firm’s trading update on 17 November will show a continued strong performance, particularly in the US. AGGREKO UBS [...]
FUN AND FROLICS AS CITY’S FINEST GATHER AT FINSBURY’S PARTY November 18, 2010 Complete with ceiling lights, a steady flow of champagne and a path of candle-filled lanterns guiding our path, the Tate Britain was last night decked out for one of the biggest City shindigs of the year last night. The annual party of Roland Rudd’s Finsbury PR made its triumphant return to the cosy environs of [...]
FUN AND FROLICS AS CITY’S FINEST GATHER AT FINSBURY’S PARTY November 18, 2010 Complete with ceiling lights, a steady flow of champagne and a path of candle-filled lanterns guiding our path, the Tate Britain was last night decked out for one of the biggest City shindigs of the year last night. The annual party of Roland Rudd’s Finsbury PR made its triumphant return to the cosy environs of [...]