|Bid||1,137.5000 x 401200|
|Ask||1,138.5000 x 27500|
|Day's Range||1,127.5000 - 1,143.5000|
|52 Week Range||1,077.0000 - 1,470.8101|
|PE Ratio (TTM)||14.01|
|Earnings Date||Nov 14, 2018|
|Forward Dividend & Yield||0.95 (8.74%)|
|1y Target Est||1,366.50|
French oil and energy group Total (TOTF.PA) said on Monday it had made a major gas discovery on the Glendronach prospect, located off the coast of the Shetland islands in the North Sea. Total said preliminary tests on the new gas discovery confirmed good reservoir quality, permeability and well production deliverability, with recoverable resources estimated at about one trillion cubic feet (1 tcf). It said Glendronach, located near its Edradour field, will be tied back to the existing infrastructure and developed quickly and at low cost.
The upward trajectory of already unseasonably high British wholesale gas prices is showing no sign of slowing, putting pressure on the energy regulator Ofgem to raise its price cap next year. A cap on default electricity and gas bills - a flagship policy of British Prime Minister Theresa May to end what she called "rip-off" prices - will be in place by the end of this year and can be adjusted according to changing costs such as wholesale energy prices. Ofgem has said it wants to cap default energy bills at 1,136 pounds a year ($1,484), a level below the most-used tariffs set by the country's big six suppliers, which include Centrica (CNA.L), whose British Gas is the largest household energy supplier in the country, SSE (SSE.L) and EDF (EDF.PA).
By Danilo Masoni MILAN (Reuters) - UK shares were broadly unchanged at the close on Monday after a choppy session as investors waited for the next move in the trade dispute between China and the United ...
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to begin learning the link betweenRead More...
Britain's top share index tracked higher European markets on Friday with the mood buoyed by easing trade worries, while Shire rose after China cleared Takeda's plans to buy the drugmaker. The FTSE 100 (.FTSE) ended up 0.3 percent, underpinned by gains among industrials and materials sectors, which more than offset weakness among utilities, hit earlier this week by a profit warning from SSE (SSE.L). "Traders (are) hopeful about U.S.-China trade talks despite President Trump being the fly in the ointment, downplaying prospects for quick negotiations," Accendo Markets analayst Mike van Dulken said.
Read is a former chairman of Laird Plc and will begin his role after the merger of SSE's retail power unit and German-listed Innogy's Npower. The appointment comes a month after the two energy utilities received provisional approval for the deal from Britain's Competition and Markets Authority.
By Helen Reid LONDON (Reuters) - European shares rose on Wednesday as oil and mining stocks rallied and investors shrugged off worries over trade tensions between the United States and China. The pan-European ...
Stronger crude prices and a rally in tobacco stocks gave a boost to Britain's top share index on Wednesday, while a profit warning hit energy provider SSE. The FTSE 100 ended up 0.55 percent at 7,313.36 points, having hit its lowest point in five months in the previous session. SSE tumbled 8.3 percent to its lowest since February 2011 after it warned first-half profit would halve due to the impact of dry, still and warm weather, and persistently high gas prices.
Britain's second largest energy supplier said it expected profit to halve in the six months to the end of September compared to the same period a year ago. "Lower than expected output of renewable energy and higher than expected gas prices mean that SSE's financial performance in the first five months has been disappointing and regrettable," Chief Executive Alistair Phillips-Davies said. It said its wholesale business would show an adjusted operating loss for the six months to the end of September, driven largely by problems with the cost of power supplies and generation.
Britain's regulator on Thursday proposed a price cap on default energy bills to save households about a billion pounds a year and aims to implement it in time for winter following a government promise to tackle "rip-off" prices. The energy regulator, Ofgem, said it wanted to cap the default electricity and gas bill at 1,136 pounds a year, a level below the most-used tariffs set by the country's big six suppliers but not as severe as some had expected. The cap will be in place by the end of this year and is intended to be a temporary measure lasting until 2023 at the latest, Ofgem said.
LONDON (Reuters) - British regulator Ofgem said on Thursday it expected big utilities to earn less profit as a result of the price caps it proposed on Thursday but also for them to boost the efficiency ...
Britain's top share index fell to a two-week low on Thursday as pressure from a firmer pound hit the index's dollar-earning constituents, though utilities were a relative bright spot. The FTSE 100 (.FTSE) index was down 0.6 percent at 7,516.03 at its close, extending the previous session's losses, while mid caps (.FTMC) were also down 0.2 percent. More cyclical sectors, such as miners and financials, were the biggest weight on the index, while large, dollar-earning stocks such as British American Tobacco (BATS.L), Reckitt Benckiser (RB.L) and Diageo (DGE.L) fell 0.4 percent to 1.5 percent.
The merger would create Britain's second-largest retail power provider, with a 23 percent market share behind Centrica's (CNA.L) British Gas with 27 percent. It would also reduce the "Big Six" providers to five.
Britain’s “Big Six” energy suppliers are set to become five after the merger of SSE Plc and Innogy SE’s retail units was provisionally approved by the Competition and Markets Authority. The new provider will be Britain’s second-biggest and worth about 2.6 billion pounds ($3.4 billion), according to RBC Europe Ltd. estimates. The CMA’s in-depth review of the merger follows a separate investigation into energy market competition, which found that 70 percent of customers at the six largest energy firms were on so-called standard variable tariffs, the most expensive deals.
STAVANGER, Norway (Reuters) - Norway's Equinor (EQNR.OL) plans to decide before next May on whether to invest in Britain's Dogger Bank offshore wind project, a company executive said on Tuesday. "We ...
British energy regulator Ofgem said on Thursday it would publish draft details on how the rules of an energy price cap will work in early September, as well as an indication of where the price cap could be set. UK Prime Minister Theresa May said last October she would impose controls to tackle what she called "rip-off" energy prices.
An increase in wholesale energy prices pushed Britain's Centrica (CNA.L) to announce its second price rise of the year this week even as regulators prepare to cap prices to help millions of households struggling with rising costs. All of Britain's top energy suppliers have increased prices since Prime Minister Theresa May lashed out at what she called "rip-off energy prices" last October and pledged to cap prices in the biggest market intervention since privatisation almost 30 years ago. Wholesale gas prices spiked to their highest level in at least 10 years as the country was hit by a cold weather snap dubbed the beast from the east in February, while the heatwave felt across the country this summer has also led to higher than usual demand for electricity.
Centrica (CNA.L) will raise its standard energy prices for British Gas customers for the second time this year, it said on Wednesday, blaming rising wholesale costs. Around 3.5 million customers, on its dual fuel standard variable tariff, will be hit with a 3.8 percent price increase from Oct. 1. The rise comes as energy regulator Ofgem prepares to implement a price cap on standard tariffs by the end of the year to combat what the government has called "rip off" energy prices.
By Kit Rees LONDON (Reuters) - A drop in heavyweight oil stocks weighed on the UK's top share index, which lagged a broader rally across European stocks on Thursday as U.S.-EU trade tensions thawed. The ...
By Danilo Masoni MILAN (Reuters) - Earnings updates were the main focus on Thursday as Britain's top share index inched higher, but it stayed within recent tight ranges as caution over the outcome of Brexit ...
European utilities fell after U.K. energy company SSE Plc said the dry, mild weather that cut quarterly profit could hurt full-year results. SSE, the second-worst performer, fell the most since May and U.K. energy supplier Centrica Plc slumped for a fifth day. “We expect SSE to be off on this news this morning,” John Musk, utilities analyst at RBC Europe Ltd said.