Average energy prices rise seven per cent in two months, MoneySuperMarket analysis finds November 8, 2016 The average cost of the cheapest energy tariffs available in the UK has jumped by seven per cent in the last two months, according to MoneySuperMarket. The average cost of the top 10 deals rose on 7 September was £784, but had risen to £839 by 7 November, an analysis of MoneySuperMarket data representative of the whole [...]
Costly coal and lower US steel prices leave ArcelorMittal braced for weak fourth quarter November 8, 2016 The world's largest steelmaker, ArcelorMittal, has warned low US steel prices and a recent rally in the price of coal will weigh on its profits in the fourth quarter. The figures Earnings before interest, tax, depreciation and amortisation (Ebitda) rose 40 per cent to $1.9bn (£1.5bn) at the global steelmaker in the quarter ended 30 September. However, [...]
Appalachian-focused Diversified Gas & Oil targets $60m Aim listing in December November 8, 2016 Appalachian-focused US firm Diversified Gas & Oil (DGO) has announced its intention to float on the London Stock Exchange's junior market in December. DGO is seeking to raise around $60m (£48m) with its Aim placing, which it says offers investors exposure to "a sound, profitable dividend-paying play on the US energy market". Around half of [...]
Danish group Dong Energy to exit oil and gas business to focus on wind power November 8, 2016 Dong Energy, the Danish wind farm developer with large UK operations, has announced it will exit its oil and business to focus solely on offshore wind power. The figures The former state-controlled utility, which listed on the Copenhagen Stock Exchange in June, posted a 627 per cent rise in profits to 3.3bn Danish krone (£395m) [...]
Associated British Foods shoots to the top of FTSE 100 as revenues lift at the Primark and British Sugar owner November 8, 2016 Associated British Food's (ABF) share price rose more than seven per cent this morning, taking it straight to the top of the FTSE 100, as the Primark owner posted a rise in revenues and hailed 2016 as a "turning point" for its sugar business. The retailer added that it hopes to benefit from Brexit and is in discussions [...]
Hillary Clinton in the lead against Donald Trump as New Hampshire village of Dixville Notch takes to the polls November 8, 2016 Democratic nominee Hillary Clinton inched ahead in the fight for the White House this morning within minutes of Americans taking to the polls in the Presidential election. Clinton swept to victory against her Republican rival Donald Trump in the village of Dixville Notch, New Hampshire, where eight voters cast their ballots. While Clinton took four votes, Trump [...]
Cautious hopes of Hillary Clinton win against Donald Trump lift most stock markets in Asia November 8, 2016 Most Asian stock markets rose today as Americans prepared to head to the polls and investors remained cautiously optimistic that Democratic presidential nominee Hillary Clinton will secure the White House. Modest upswings in Asian shares pushed the MSCI's broadest index of Asia-Pacific-based stock outside of Japan up 0.3 per cent. Hong Kong's Hang Seng rose [...]
Ofgem drops investigation into SSE despite finding “inconsistencies” in energy group’s processes November 7, 2016 Ofgem has ended an investigation into energy company SSE after the utility committed to improving the services needed for competitors to connect customers to its distribution network. The gas and electricity regulator had identified "competition concerns" and "inconsistencies" in SSE's processes to connect new developments to its electricity distribution network in the South of England, Ofgem said [...]
HSBC’s shares rise four per cent despite larger-than-expected profit slump after Brazil disposal November 7, 2016 HSBC's share price rose by more than four per cent this morning, despite a sharper-than-expected slump in profits in the third quarter – although stripping out currency fluctuations, things looked rather better… The figures Pre-tax profit at the British lender fell 86 per cent to $843m in the quarter ended 30 September, down from $6.1bn in [...]
Fever-Tree’s share price jumps more than eight per cent on sparkling rise in full-year expectations November 7, 2016 Shares in mixer maker Fever-Tree have risen more than eight per cent this morning after the group said its full-year results will be "materially ahead of current market expectations". In a brief trading update, the tonic water, lemonade and ginger beer producer said the group has continued to "perform strongly" in the second half of the year. [...]
