|Bid||69.88 x 0|
|Ask||69.92 x 0|
|Day's range||69.56 - 72.20|
|52-week range||63.99 - 156.65|
|Beta (3Y monthly)||0.58|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.10 (14.13%)|
|1y target est||153.87|
Dalmore, Equitix and GLIL Infrastructure are looking to acquire about 20% of the business, the report said. EDF Energy and Centrica would sell 10% of the EDF Generation business, Sky reported, adding that JP Morgan has been tasked with finding investors to acquire more shares of the French state-owned utility and Centrica's remaining stake.
Spirit Energy's remaining shareholders are looking to join majority owner Centrica in exiting the North Sea oil and gas business worth more than 1.5 billion pounds, four financial sources said. Centrica , which also owns Britain's largest energy supplier British Gas, said in July it was preparing to sell its 69% stake in Spirit Energy to focus on consumer energy services as part of its move away from fossil fuels. The UK utility will now also run the sale on behalf of the other owners, led by Bayerngas GmbH and Munich's municipal utilities company Stadtwerke München, as these make a u-turn on their interest in oil and gas exploration and production, one of the sources said.
A protracted decline in European gas prices, which has hurt some energy firms but may prove a boon to buyers, has yet to find a floor as low summer demand could boost gas storage tanks close to chock-full amid soaring global supply. British and Dutch prices, benchmarks for Europe-wide gas sales as well as some liquefied natural gas (LNG) markets, have lost half of their value since last September. Gas prices tend to fall during the summer but this year's slump was uncharacteristic as it began in the winter months, when prices traditionally rise, and has been accompanied by a larger-than-normal build-up in inventories.
The blue-chip index followed Wall Street lower after U.S. President Donald Trump warned China not to wait for the 2020 U.S. presidential election to make a trade deal. Big British banks, such as Barclays and RBS , fell after the BoE said banks would have to tell investors in 2021 if they could be closed down without disrupting financial markets. Corporate earnings were the main drivers behind most of the major stock moves on both UK indexes.
Centrica has been shifting towards consumer energy services and away from oil and gas exploration and large-scale power generation, as part of a move away from fossil fuels. As well as supplying energy, Centrica plans to build up its connected home and energy services divisions, offering products like smart thermostats to control home heating via a phone app and electric vehicle products. Centrica shares were down more than 10% below 80 pence per share, having fallen almost 70% since 2015 under Conn's tenure.
European stocks continued their decline on Monday, on the heels of this year's biggest weekly loss, as an escalation in the U.S.-China trade war battered sentiment and prompted investors to shift into safer bets. China said it would impose higher tariffs on most U.S. imports on a revised $60 billion target list, chilling risk appetite world over as it hit back at a tariff hike by Washington which came into force on Friday. Centrica Plc rose 3% as Britain's top energy supplier maintained its full-year outlook.
European shares extended losses early on Monday from the biggest weekly slump this year as the U.S.-China deadlock quelled hopes that the two largest economies will be able to resolve their trade dispute anytime soon. Asian shares fell and U.S. stock futures also pointed to a sharply lower open as United States and China appeared at a deadlock over trade negotiations with Washington demanding promises of concrete changes to Chinese law and Beijing said it would not swallow any "bitter fruit" that harmed its interests.
Britain's FTSE 100 slipped to a seven-week low as China slapped retaliatory tariffs on U.S. goods, further escalating their protracted trade dispute, and as telecom giant Vodafone slipped after a report of a dividend cut.
Britain's FTSE 100 edged up on Monday, led by oil heavyweights and as investors flocked to defensive stocks on concern over the stand-off in Sino-U.S. trade negotiations. The FTSE 100 was up 0.1% by 0720 GMT while the FTSE 250 was down 0.5%. Interest in stocks considered safe bets during uncertain times was high as trade negotiations between Washington and Beijing seemed to be at a deadlock.
European shares extended losses early on Monday from the biggest weekly slump this year as the U.S.-China standoff quelled hopes that the two largest economies will be able to resolve their trade dispute anytime soon. Asian shares fell and U.S. stock futures also pointed to a sharply lower open as United States and China appeared at a deadlock over trade negotiations with Washington demanding promises of concrete changes to Chinese law and Beijing said it would not swallow any "bitter fruit" that harmed its interests. The tariff-exposed auto sector was the biggest loser among European sub-sectors, especially weighed down by shares of Daimler AG.
Britain's main index was dragged back to its six-week low on Thursday as markets remained wary of an imminent tariff hike as trade talks between the United States and China resumed in Washington. The internationally focused FTSE 100 lost 0.9 percent and was set for its steepest weekly fall since early December, with industrials, miners and Asia-exposed stocks leading the drop. The midcaps gave up 1.3 percent, lagging the main index, whose losses were capped due to gains across so-called defensive stocks, which are deemed safer bets at times of economic troubles.
CALGARY , April 15, 2019 /CNW/ - Following a record-setting cold winter, Albertans are reminded that the Government of Alberta's Winter Moratorium, a program in place to prevent utility disconnections, will be lifted on April 15, 2019 . Albertans with outstanding utility bills are encouraged to contact their provider to make or set-up payment arrangements prior to issuance of a Pending Disconnection Notice. Disconnection remains the option of last resort and is why Direct Energy created the Direct Energy Emergency Fund, a $500,000 , three-year joint initiative in partnership with the United Way of Calgary and Area and the Alberta Capital Region.