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Pre-Thanksgiving smorgasbord as plethora of blue-chips report
A relative cornucopia of firms are scheduled to report results on Wednesday ahead of the US holiday, with a sprinkling of and UK and US economic data to taste
Company
United Utilities Group PLC
LON:UU.
United Utilities Group Plc (United Utilities), formerly United Utilities PLC, is a United Kingdom-based company. The Company’s regulated subsidiary, United Utilities Water PLC (United Utilities Water), holds licenses to provide water and sewage services to a population of some seven million people in north west England. United Utilities also applies its capability in operating utility infrastructure in competitive markets. The Company’s revenue arises from the provision of services. It is organized into two principal operating divisions: regulated and non-regulated activities. Regulated activities comprise the regulated activities of United Utilities Water (water and wastewater). Non-regulated activities, the Company apply the core utility skills of the regulated business through outsourcing contracts. In addition, this segment includes its interests in Northern Gas Networks and its overseas businesses.
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Deutsche Bank pulls plug on Pennon shares, downgrading rating to ‘hold’ from ‘buy’
The German bank's analysts said: “We now see the risk-reward trade-off for the stock as more balanced, with it trading roughly halfway between our RAB nationalisation bear case and a bull case where political risks fade"
Investments and investor services
FTSE 100 closes firmly in red as Italy causes jitters
In the currency markets, sterling is around flat against the Euro and down 0.43% against the US dollar.
FTSE 100 finishes in negative territory; Royal Mail slumps - again
FTSE 100 was on the losing team all day and closed down over 21 points at 7,474
FTSE 100 closes lower but up on the week as Italy rattles European markets
FTSE 100 closed the day 35 points lower as the situation in Italy rattled markets
Archive
United Utilities to be Friday’s star as firms rush to publish results
It’s the final business day of the quarter on Friday, and those companies which haven’t got their results out will be in a rush to do so if they don’t want their shares to be suspended
FTSE 100 closes day higher, boosted by rise in crude
Brent crude is up over 3% at $81.50 a barrel at the time of writing..
Archive
Summer sun hoped to have shone on Next interims, but will full-year guidance still be maintained?
Aside from Next's latest update, the Day Ahead will also bring trading news from water and power supplier United Utilities and results from fizzy drinks maker AG Barr
FTSE 100 closes in red and at four month-low amid trade worries
The pound added 0.03% against the Euro and was up 0.40% against the US dollar..
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
Centrica shares boosted by Citigroup rating upgrade, says utilities “starting to see fundamental value”
The US bank raised its stance on both Centrica and its blue-chip peer United Utilities PLC to ‘buy’ from ‘neutral’, highlighting valuation calls in both stocks
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
Investments and investor services
FTSE 100 closes in red as speculation swirls on August rate rise
The rise in sterling hit the dollar- earning constituents of the FTSE 100
Archive
Dixons Carphone to report slump in profits, Bank of England to stand pat on rates
Markets are pricing in a 3% chance that the Bank of England will raise interest rates, making it "about half as likely as England winning the World Cup", said Hargreaves Lansdown
Archive
Dixons Carphone has already had a kicking so investors will be hoping full-year numbers provide some relief
The Week Ahead also includes updates from blue chips Ashtead Group and Ferguson, plus mid-cap housebuilder Berkley Group, and the latest Bank of England interest rate decision
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”
Archive
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...
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
Investments and investor services
FTSE 100 joins global equities to head lower as geopolitical worries weigh
News that the President will now not be meeting North Korea leader Kim Jong-un next month as planned is weighing on global stocks
Investments and investor services
Kingfisher and Tate & Lyle key names in diary as spotlight falls on UK consumer
Kingfisher, Tate & Lyle, Talk Talk Telecoms and United Utilities are among the stand-out names in Thursday's schedule.
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
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
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
Archive
Time's almost up for GKN shareholders to vote on Melrose hostile takeover bid
The day ahead includes the outcome of Melrose's hostile takeover bid for GKN and trading updates from SSE and RPC
United Utilities expects full year revenues and profits to rise
Revenue is expected to be “slightly higher” than last year while underlying operating profit is forecast to be “moderately” higher”
FTSE 100 stages rebound as trade war fears ease
In the currency markets, the pound shed 0.17% against the Euro, and lost 0.46% against the US dollar
Archive
Ferguson's organic growth rates are likely to be the main points of interest
Also previewed: Irn-Bru maker AG Barr and water company United Utilities
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
Keller gains on US acquisition talks, also says Trump tax changes will benefit future earnings
Some of the main biggest risers and fallers in London on Friday
FTSE 100 pops higher again to another record close
It was another quiet day in London but also another record close
Investments and investor services
FTSE 100 closes higher; Next keeps festive cheer rolling
On a separate note, Mifid II comes into force today with the aim of increasing transparency and making everyone in the investment chain more accountable for their decisions
Investments and investor services
FTSE 100 finishes in the red as BoE keeps rates on hold
FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
FTSE 100 edges higher as "Spreadsheet Phil" sings 'This old house'
Lloyds's shares were changing hands at a rate of knots, while the house-builders saw some of their recent handsome gains creamed off
Archive
Hammond under pressure to cut deficit and boost public spending in Budget amid Brexit talks
It's all about the Autumn Budget on Wednesday with the spotlight on Philip Hammond
FTSE 100 closes slightly higher, boosted by builders and a stronger pound on the back of political uncertainty in Germany
London's blue-chip benchmark turned positive, as housebuilders all saw gains on expectations of a favourable budget from Chancellor Philip Hammond
Archive
Week ahead: UK Budget, EasyJet, Kingfisher, Mothercare, William Hill, United Utilities
The week ahead centres on the Autumn Budget but also sees updates from EasyJet, William Hill, Kingfisher, United Utilities, Mothercare and Fuller Smith & Turner
United Utilities downgraded amid worries over the inflationary impact on its earnings line
Regulator Ofwat’s next pricing assessment may also pose a threat
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 finishes in the red; Tusk says still no progress in Brexit talks
If the 7,300 level were a fence, Footsie would have spent the whole day sitting on it
Archive
Hurricanes paint sombre backdrop to cruise group Carnival 's third quarter
Carnival and Thomas Cook issue trading updates tomorrow with the devastating Caribbean hurricanes likely to be key features of both
FTSE 100 closes lower at 7,301 as pound eases against US dollar
FTSE 100 closed 9.35 lower at 7,301 and the FTSE 250 added over 49 points at 19,566
United Utilities faces hefty fine after pleading guilty to supplying contaminated water
About 700,000 people in Lancashire were affected by the water contamination in 2015
United Utilities faces charges over contaminated water from Franklaw treatment works
United Utilities said it has co-operated with the Drinking Water Inspectorate during its investigation into contaminated water supplied by the company
Archive
OPEC tipped to agree production cut extension
Day ahead: OPEC meeting in Vienna, Halfords preliminaries ...
Archive
Brexit and terrorism concerns in focus as Thomas Cook reports trading update
Thomas Cook posts a trading update tomorrow as the European travel industry continues to face challenging trading conditions
Investments and investor services
FTSE 100 stocks seesaw to unchanged close after mini-Budget
FTSE 100 stocks seesawed their way to a flat close on Wednesday as investors weighed up the first UK budgetary statement since Britain voted to leave the European Union in June
FTSE 100 retreats as macro fears outweigh earnings news
The top-share index spurned another chance to hit an all-time high.
GAME downgraded as UK sales continue to concern
Liberum has put its recommendation and price target under review following GAME’s pre-close trading update.
Investments and investor services
In thrall to Brexit fears as FTSE 100 flounders
Precious few blue-chips were making headway and the few that were in the blue were mainly defensive favourites
Wednesday's agenda: Osborne's autumn statement catches the eye
The Chancellor will likely make new announcements on budget savings are his tax credit changes were rejected by the House of Lords
Investments and investor services
FTSE 100 regains ground as miners rise
The FTSE 100 ended 1.6%, or 96.4 points higher at 6,032.
London shares motor ahead as Volkswagen panic eases
A revival in mining and automotive industry shares lifted indices
Investments and investor services
Shares rise as traders shrug off China woe and VW scandal
Eurozone manufacturing data showed steady sector growth
Wednesday's agenda: China data to shed light on economy
China takes centre stage on Wednesday, with an announcement from ECB president Mario Draghi also on the cards.
Archive
FTSE 100 slides again as Greece turmoil weighs again
FTSE100 is called to continue lower Tuesday as all eyes are still on Greece - on a day when it is likely to default on its its £1.1 billion payment due to the IMF.
JP Morgan sees Lloyds higher as govt sales continue
The bailed-out bank is JP Morgan's 'top pick’ in the sector