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United Utilities and Intertek Group to be in focus on a busy Thursday
United Utilities, Intertek, Mitchells & Butlers, TalkTalk Group, and Tate & Lyle are all in the schedule for Thursday.
Company
Severn Trent PLC
LON:SVT
Severn Trent Water is a member of the Severn Trent Group of companies. Severn Trent is an international utility services and environmental solutions company.
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Severn Trent’s annual profits jump despite £22mln hit from last summer’s heatwave
Severn reported a 7.8% rise in pre-tax profits to £563mln in the 12 months ended 31 March, helped by lower tax rates and cheaper interest repayments
Investments and investor services
FTSE 100 closes higher as trade tensions ease
The UK's premier shares index closed up around ten points at 7,320
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Severn Trent to kick off water sector updates on Tuesday; retailers also in focus
The Day Ahead will bring trading updates from the likes of stores groups Halfords, Topps Tiles, and WH Smith
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Deutsche Bank waters down targets for United Utilities, Severn Trent and Pennon
Its analysts also trim forecasts as they believe that a cut to allowed regulatory returns is likely and incentive packages are “tougher than expected”
Investments and investor services
FTSE 100 ends in positive territory, taking the cue from the Dow and data from China
"Equities have been relentlessly positive all day, with the session having started off on the front foot thanks to Chinese credit growth, which rose 10.7% over the year to hit a sum equivalent to 9% of the country’s GDP," said Chris Beaucha
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JPMorgan Cazenove pulls the plug on both Severn Trent and Pennon in a cautious water sector review
The US bank’s analysts downgraded ratings for both blue-chip Severn Trent and its mid-cap peer Pennon to ‘neutral’ from ‘overweight’ and reduced their target for United Utilities
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Severn Trent expects to deliver a full-year trading performance in-line with previous guidance
The FTSE 100-listed water company said there have been no material changes to current year business performance or outlook since it reported its interim results
Investments and investor services
FTSE 100 closes a tad lower ahead of BoE Super Thursday
The UK index of leading shares closed down around four points at 7,173
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Big Pharma is big news for Wednesday as GSK reports results for 2018
The launch of a generic rival to its Advair inhaler has many expecting a downgrade to Glaxo's outlook
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Bank of England's 'Super Thursday' and slew of corporate earnings eyed as Chinese New Year begins
The week ahead includes updates from Thomas Cook, Superdry, Ryanair and Tate & Lyle, among others.
A fifth of FTSE 100 firms set to lose CEOs to retirement when Britain adjusts to life after Brexit
Rico Back, 64, is the oldest chief executive on the FTSE 100 after joining Royal Mail in early 2018
FTSE 100 closes in the red as Federal Reserve's rate hike creates jitters
"Investors aren’t willing to forgive Fed Chair Jeremy Powell yet; a soft open on Wall Street threatens to drag the FTSE lower into the close," said Fiona Cincotta at City Index
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Thursday’s spotlight to focus on planes, trains and pubs with meals
Thomas Cook, Go-Ahead Group, and Greene King will be among Thursday's highlights.
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RBC Capital slashes forecasts for water companies on upcoming regulatory changes
Ofwat’s Price Review 2019 is likely to limit how much extra money companies can earn through outcome delivery incentives, while AMP7 will likely require them to invest heavily into infrastructure
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Severn Trent delivers strong first half, sees biggest capital spend for a decade
The blue-chip water firm said it was on track for its biggest year of capital spend in a decade, with more than £300mln invested in the first six months to improve performance for its customers today and for generations to come
FTSE 100 closes firmly in the red as PM Theresa May says Brexit deal within grasp
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points
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No profit warning repeat hoped for from British Gas owner Centrica
Aside from Centrica, the Day Ahead includes updates from the likes of water firm Severn Trent, booze retailer Majestic Wines, and pubs operator Mitchells & Butlers
FTSE 100 closes sharply lower as sterling gains and miners weigh
The UK blue - chip index finished down 99.8 points at 7,318, while FTSE 250 was also lower
FTSE 100 closes higher with pound volatile, as tobacco stocks fire up on FDA move
The UK blue chip index rose 34 points to 7,308 around 3.40pm
FTSE 100 sails higher, bolstered by stumbling sterling
The UK blue-chip index finished up over 72 points at 7,504, while the mid-cap FTSE 250 was also higher
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Severn Trent splashes out £120mln to buy organic waste recycler Agrivert as it expands renewable energy business
Agrivert – founded in 1994 - generates renewable energy from food waste and operates food-waste processing plants and waste composting sites in the UK
Investments and investor services
FTSE 100 gets hit by sterling surge after Barnier's Brexit comments
Michel Barnier apparently said that the bloc was willing to offer the UK a unique deal
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Severn Trent maintains outlook after 'good start' to the year
Severn Trent said it was on track to deliver a previously announced £100mln reinvestment programme
Investments and investor services
FTSE 100 closes higher, bolstered by sterling's fall; rate rise doubts
The index of leading UK shares closed up just shy of 50 points higher at 7,676, while the FTSE 250 was also up
As Ryanair's struggles continue can easyjet look to the blue skies?
Easyjet and Severn Treant are among the key names in the diary for Wednesday.
Archive
Water companies bob higher in spite of move by water regulator to change 2019 price review methodology
Ofwat chief executive, Rachel Fletcher said: "Through the measures we've announced today, we are strengthening the incentive on companies to improve their performance for customers and cutting the rewards that come from financial engineerin
Investments and investor services
FTSE 100 closes higher as European Central Bank message cheers markets
The FTSE 100 has clawed back all of this morning's losses and some, while the ECB has unveiled plans to end its quantitative easing programme in December
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QE or not QE, that will be the question for the ECB Council meeting on Thursday
Aside from the ECB meeting, the day ahead also includes an annual general meeting for Wm Morrison Supermarkets, and updates from PZ Cussons and Majestic Wine
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Deutsche Bank puts utilities in crosshairs; downgrades United Utilities amid target price changes
The bank said that while it had turned more positive on the sector in early April, an average 20% rally in prices since then meant there was now “a more balanced risk-reward trade-off”
M&S could escape FTSE 100 relegation by a whisker, but other high street names look vulnerable
Laith Khalaf, senior analyst at Hargreaves Lansdown said: ‘Marks and Spencer looks like it’s going to avoid relegation from the FTSE 100 by the skin of its teeth”
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FTSE 100 closes higher but gives up gains; sterling hit on Brexit worries
Both the US and UK are heading towards a three-day weekend and, to be honest, it kind of feels like the break has already begun...
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United Utilities ebbs lower as full-year profits fall
Full-year revenues rose thanks to Ofwat’s pricing changes, but profits dipped due to a £40mln increase in net finance costs
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Severn Trent unveils £100mln investment drive as full-year profits climb 4%
The FTSE 100 group will spend £100mln on improving its offering and infrastructure after reporting a rise in revenue and profit
Investments and investor services
FTSE 100 closes firmly in red as resource stocks suffer
Global markets are in the red after Donald Trump said he was not happy with the progress of talks with China.
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M&S shareholders braced for another gloomy update
M&S announced shop closures a day ahead of its results announcement; was that to spread the bad news over two days or to ensure the bad news did not overshadow a decent trading performance?
Investments and investor services
FTSE 100 propelled to new record close as pound weakens and Dow Jones breaches 25,000
FTSE 100 reached a new record close on Monday after achieving it last time on Thursday
BT Group is not the only blue-chip with a debt mountain and pension problems
There's an argument to be made that BT would have been better off tapping the market three years ago when its shares were twice as high as they are now, rather than braving it out. John Harrington looks at the FTSE 350 to see whether there
FTSE 100 ends week on a positive note; ITV is top riser
ITV's trading statement at the AGM gave the broadcaster a hot in the arm
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Deutsche Bank plays favourites in utilities as Pennon Group upgraded while target prices cut across the board
In a note to clients, the bank said the sector has lost a quarter of its value over the last year as it was hit by regulatory and competitive pressures as well as concerns over political risk
Investments and investor services
FTSE 100 finishes lower as mining stocks retreat on Chinese tariff fears
Investors remain nervous over the prospect of an escalating trade war between the US and China but were somewhat placated by anaemic jobs growth in March in the US, which has made four rate rises this year less likely
Investments and investor services
FTSE 100 closes higher as traders await US interest rate decision
The Footsie has been in consolidation mode for most of the day
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UK water stocks Severn Trent and Pennon upgraded by JP Morgan
Severn Trent and Pennon are upgraded to ‘overweight’, though JP Morgan’s price targets were retained at 2,250p and 830p.
FTSE 100 finishes the week on a bright note after US jobs boost
The Footsie perked up after US jobs growth in February was way off the charts
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Severn Trent reaffirms full-year guidance
Since it announced its interims, a £400mln fixed-rate sterling bond with a coupon of 6% has matured and was refinanced in part with a £250mln five-year sterling bond with a coupon of 1.625%
FTSE 100 closes strongly higher as markets stabilise
The UK blue chip index closed up 138 at 7,279 - above the day’s peak of 7,255.
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Rio Tinto expected to reiterate policy of value over volume
Rio Tinto is expected to carry on returning piles of cash to shareholders but some people think a dividend cut at Glaxo is on the cards
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Bank of England rate decision eyed, plus numbers from blue chips BP and Glaxo in coming week
After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
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Goldman Sachs cautious on big three UK water stocks, says upcoming regulatory review brings risks to returns
They said: “At the start of a regulatory review cycle, faced with the prospect of rising interest rates and risk from changes in political leadership, we believe that the UK water sector is poorly placed relative to the wider European oppor
FTSE 100 clocks up 50 point gain despite strength of sterling
The dollar's revival did not last long, and although a weak dollar is regarded as being detrimental to the FTSE, the top-shares index still managed a 50 point gain
FTSE 100 slips slightly to close in the red after swinging between gains and losses
The FTSE 100 finally gave up and settled in the red, albeit slightly down ahead of BoE's monetary policy decision on Thursday
Investments and investor services
FTSE 100 closes firmly in red as Wall Street surges; pound gains
The blue-chip benchmark closed in negative territory as sterling rose
FTSE 100 closes down, dragged lower by Centrica PLC after dismal trading update
Market was subdued as US markets were closed for Thanksgiving
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Trading news from British Gas owner Centrica eyed amid energy tariff reform
The day ahead includes a trading update from British Gas owner Centrica, full year result from pubs operators Mitchells & Butlers PLC, and interims from Mothercare PLC
FTSE 100 closes shade lower but Sky plc surges
Liberum reckons Comcast's reported interest in 21st Century Fox could be good news for Sky shareholders ...
FTSE 100 closes lower as North Korea tensions spook traders
The FTSE 100 index finished down around 44 at 7,498, above the session low of 7,475.83, but unable to reach the opening peak of 7.542.73
Contract news lift for Physiomics, Rosslyn Data Technologies
A glance at some of the bigger risers and fallers today in London ...
Archive
BHP Billiton, Drax and TalkTalk to be among Wednesday’s highlights
Interim results are due from UK power firm Drax and a trading statement from TalkTalk will likely also garner investor attentions.
Archive
Severn Trent raises nearly £50mln from sale of its North American water business to US investment firms
The firm said the North American business operates and manages water and wastewater systems, and provides management services to municipalities and local communities
Investments and investor services
FTSE 100 closes higher with miners in support, but FTSE 250 lower
The UK blue chip index closed up 64 at 7,377 on Monday with miners higher
FTSE 100 closes lower after Manchester attack
Despite events, the FTSE 100 remained relatively strong throughout the day but ended lower
Archive
Shell to come under fire over bosses pay package, climate change goals at its annual general meeting
Like Bob Dudley, his counter-part at FTSE 100-listed peer BP, Shell’s chief executive Ben Van Beurden will see his multi-million euro salary come under close scrutiny
Mayan Energy's shares bounce after update on Shoats Creek project in Louisiana
A look at some of the biggest London-listed risers and fallers today
FTSE 100 brushes off inflation fears to close at record high
The FTSE 100 index closed up 68.94 points at 7,523 - a new record high
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Day Ahead: Sterling's slump could mask drab performance from Glaxo
Glaxo is the next pharmaceuticals giant to update the market and it will probably be a familiar story of increased competition from generic versions of its blockbuster drugs.
Archive
Week ahead: BP and Glaxo to continue trading trends for oil and drug giants
BP could please on Thursday as its recent quarterly updates have proved a little disappointing. GlaxoSmithKline will unveil its numbers Wednesday.
Centrica feeling the heat as Deutsche downgrades
Deutsche repeated its ‘buy’ advice on United Utilities, Severn Trent and Pennon, but turned bearish on Centrica
Day ahead - Pennon Group turns on results tap
What's in store on Friday November 24? Pennon has results
Chancellor's Autumn Statement is time for fiscal re-set
The new chancellor of the exchequer gets to set out his stall
Investments and investor services
FTSE 100 stocks end higher thanks to miners and construction
FTSE 100 stocks ended higher on Thursday thanks to miners and the construction sector, while the laggards included venerable British names Royal Mail and Rolls Royce
FTSE 100 drops; RBS hit by huge fine warning
FTSE 100 stocks dropped on Wednesday, dragged lower by housebuilders and building materials firms, as investors absorbed a poor trading statement from Barratt Developments. But RBS may have more bad news in the morning
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Is BP's blood on the boil again?
A look at some of the main broker upgrades and downgrades today
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Brokers: ‘Painful transition’ for M&S
Barclays took opposing views on the futures of high street stalwarts compared with younger online retailers on Friday.
Archive
JP Morgan Cazenove taps into Severn Trent's upside potential
Analyst Christopher Laybutt has repeated an 'overweight' stance and turned up the target price to 2,250p from 2,160p previously.
Investments and investor services
Preview: Shell AGM and Kingfisher results
Tuesday brings Royal Dutch Shell Plc (LON:RDSB) into focus, as it holds its AGM, elsewhere, retailer Kingfisher releases results.
Week Ahead: Big oil and big pharma to the fore
Big oil and big pharma will wrestle for the limelight. On the economic front, the big events are the Bank of England's interest rate decision and US non-farm payrolls.
Thursday’s agenda – Traders look to raise a cheer for Marstons
Thursday sees big cap pub group Marston's report results.....
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Wednesday's agenda - Halfords wheels and Burberry catwalks into view
A first quarter trading statement from bikes and car part firm Halfords, while luxury clothes brand Burberry also updates the market.
Archive
Week Ahead: Dixons Carphone to report on slow death of the telly
Dixons Carphone recently announced plans to crack the US, but for now the main concern is a softening market for televisions in Europe.
Investments and investor services
FTSE 100 ends higher as a Greece deal appears to be back on
European Commission president Jean-Claude Juncker said new proposals submitted by Greece to its creditors were a “basis for progress”.
FTSE 100 ends higher as a Greece deal appears to be back on
European Commission president Jean-Claude Juncker said new proposals submitted by Greece to its creditors were a “basis for progress”.