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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Pharma & Biotech

Followed – Centrica, energy and house prices and print media

It was the usual story today of bumper profits at utilities - this time giant Centrica - the British Gas owner, as increasingly customer groups complain the lower wholesale prices of energy are not passed on to householders.

It's not just PM David Cameron who may be getting jittery as talks are about to get underway in Brussels over his planned EU reforms - so are scores of angry UK energy customers.

It was the usual story today of bumper profits at utilities - this time giant Centrica (LON:CNA) - the British Gas owner, as increasingly customer groups complain the lower wholesale prices of energy are not passed on to householders.

And there was disappointing news for investors too - normally reliant on Centrica as a yield payer. It cut its full-year dividend per share by 11% to 12p as it reported a 31% leap in annual profits to £574mln.

British Gas has announced three price cuts in the last 12 months but critics say they have not gone near far enough.

What some may say you need at a time like this is a small house, cheaper to heat, in an up-and-coming area, gaining in value. Calling all Londoners...!

New research reportedly has shown that one in four London homes will cost more than £1mln by 2030 and it says that the average UK home costing £283,565 will rise by just under 97% to £557,444 by 2030.

Those who often shout "print is dead" may have to think again today as it emerged Trinity Mirror is launching a daily tabloid paper, despite just shutting down the Independent earlier this month. It will initially be priced at 25p - far cheaper than rivals.

The plight of firms in the oil sector was underlined as junior Madgascar Oil (LON:MOIL) saw shares tank over 60% as it faces the prospect of delisting from AIM if it agrees necessary funding with major shareholders.

The company has been in talks with its lenders - a group comprising its own major shareholders – who have refused to pay-out the full amount of funds due under a prior funding arrangement which was agreed in September.

Elsewhere, experts say Apple (NASDAQ) could see the share price rocked depending on how the Chinese react to the launch of Apple Pay there today - its mobile payment system.

China already has a strong mobile pay market and Apple will be going up against competition so it's crucial for the tech giant to be successful here.

When Apple Pay was launched in the UK in July, a 59% spike in positive social media activity was followed by the company’s share price climbing to a two-year high of 132.07.

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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK