Telecom Plus Share News (TEP)

Telecom Plus Expects Profit Growth, Looks Forward To Energy Price Cap

LONDON (Alliance News) - Utility services firm Telecom Plus PLC on Thursday said it expects modest profit growth despite a challenging environment, as it also increased its total return to its was

Telecom Plus sells stake in energy business to Drax Group for £71m

(ShareCast News) - FTSE 250 listed gas, electricity and broadband provider Telecom Plus has completed the sale of its 20% stake in Opus Energy Group to Drax Group, a electrical power generation firm, for about £71m. Following approval by the European Commision, Drax bought the stake in Opus Energy a

TOP NEWS: British Gas, SSE Named Amongst Most Expensive Suppliers

Telecom Plus sees return to faster organic growth as energy prices rise

(ShareCast News) - Interim revenues fell slightly at Telecom Plus, but profits were up as the utility company remains confident energy prices will rise to offset the decline. For the six months ended 30 September, revenue slipped 0.9% to £291.3m, compared to the same period last year, due to warmer

Sector movers: Telecoms pace gains

(ShareCast News) - So-called 'bond proxies' such as fixed-line telecommunications providers were among the best performing sectors at the start of the week even as yields on longer-dated Gilts were whipsawed about, with prices mostly recovering from the steep losses seen earlier in the day. As of 16

UPDATE 1-Britain's Big Six energy suppliers stem customer exodus as prices rebound

(Edits throughout) * Small suppliers' discounts shrink as wholesale costs rise * Switching to small suppliers at lowest since March 2015 * Npower gains 200,000 customers in July * SSE slows customer losses to 50,000 in Q2 By Karolin Schaps LONDON, Aug 25 (Reute

Telecom Plus not considering upping Opus Energy stake

(ShareCast News) - Low-cost multi-utility supplier Telecom Plus said on Thursday that it was not currently considering upping its stake in Opus Energy Group. The statement was in response to recent media speculation regarding the possible sale of Opus Group, in which Telecom Plus holds a 20% stake.

Telecom plus upgraded to 'sector perform' from 'underperform' by RBC

(ShareCast News) - Utility group Telecom plus was upgraded to 'sector perform' from 'underperform' and had its target price raised to 1,050p from 850p by RBC Capital Markets on Friday. RBC said it believes the company, which supplies gas, electricity, landline, broadband and mobile services, will se

UK Dividends Calendar - Next 7 Days

Wednesday broker round-up

(ShareCast News) - Arrow Global Group: Goldman Sachs reiterates buy with a target price of 340p. Crest Nicholson: JP Morgan keeps at overweight with a 700p target. Shire: Exane BNP Paribas stays at outperform with a target price of 5700p and Jefferies keeps at buy with a target price of 5500p. Woo

BROKER RATINGS SUMMARY: Go-Ahead Raised By JPMorgan, Cut By Investec

WINNERS & LOSERS SUMMARY: FirstGroup Up 9% As Rival Go-Ahead Drops 15%

Telecom Plus revenue, dividend up for the year

(ShareCast News) - Low-cost multi-utility supplier Telecom Plus announced its final results on Tuesday, with revenue up 2.1% to £744.7m. The FTSE 250 firm said its results and its final dividend were in line with expectations, as adjusted profit before tax rose 4.2% to £54.4m. Statutory profit befo

Telecom Plus Sees Modest Growth For Year Ahead As Annual Profit Dips