London's stock market pulled back slightly on Thursday morning, with investors pausing for breath after a record-setting session the previous day. The FTSE 100 was down 0.19% at 7,083.32 in early deals, retreating from Wednesday's all-time closing high of 7,096.78. The index also set a record intrad
Read more* To write down 11 mln stg of unrecoverable bills at gas unit * Expects FY profit between 52 mln stg and 53 mln stg vs 63 mln stg forecast * To restate previous years' accounts to reflect writedown * Shares fall as much as 26 pct (Adds details) April 16 (Reuters) - Briti
Read moreTelecom Plus has warned that profit growth for 2015 and 2016 will be well below market expectations as the Utility Warehouse owner unexpectedly wrote down a large amount of unbilled customer debt. After a review of unbilled gas debtors the FTSE 250 group decided to write down a total of roughly£11m
Read more** Telecom Plus down c.23 pct, poised for biggest ever one-day drop & down at levels not seen since mid 2012 ** Co, which provides gas, phone, internet & electricity services to households & smaller businesses, says FY profit will miss prior forecasts ** Impacted by cut in energy pric
Read moreApril 16 (Reuters) - Telecom Plus Plc, a provider of multi-utility services, estimated full-year profit to be below its prior expectations, hurt by a cut in energy prices and lower demand due to a relatively mild winter. The company also said on Thursday that it anticipated adjusted pretax
Read moreThe chairman and two directors in Telecom Plus bought new shares in order to show confidence in the business on the same day it was hit by cuts in gas prices by rival SSE. Charles Wigoder, who has been chairman in the gas, electricity and mobile services group for 27 years, purchased 25,000 shares a
Read moreLONDON, Dec 15 (Reuters) - Britain's Energy Secretary Ed Davey said on Monday he wants the market share of independent energy providers to treble by the end of the decade, as the competition watchdog looks into the competitive behaviour of major utilities. Independent energy suppliers' mark
Read moreUtility services group Telecom Plus said it is happy with market expectations for the full year after strong organic growth in the first half, causing shares to surge on Friday. The company said that the strong growth in both customers and service numbers seen at the start of the year accelerated in
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