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Utilities, rail operators most exposed to UK election, Fitch says

Fri, 17th Apr 2015 10:27

Utilities and rail companies are among the corporate sectors most at risk from regulatory or government policy shifts following the upcoming UK general election on 7 May, according to Fitch Ratings.With the Conservative Party having frozen rail fares, and Labour pledging to freeze energy prices if elected, Fitch flagged both sectors as being particularly vulnerable in a note to clients on Friday. The ratings agency also included housebuilders, oil and gas, healthcare and defence companies among those likely to see a challenging operational climate post-elections.Roelof Steenekamp, senior director at Fitch Ratings, said: "Household utility bills have slipped down the political agenda in the last few months due to the improving economy and wage growth overtaking headline inflation, but utilities remain a sector where the political parties' policies vary significantly."A resumption of the rapid growth in bills seen in the first few years of the decade would increase political risk whatever party or combination of parties was in power, he added.In the rail sector, Steenekamp noted that both main parties had some form of policy or the other that would limit an increase in regulated rail fares over the course of the next parliament, with an added complication of a state-owned rail franchise promised by Labour that would be competing with private players for tenders."This could be credit negative for rail franchise operators, even though we do not believe the impact would be significant," he said.Conservative Party policy on housing has focused on providing financial assistance for buyers, for example, through its Help-to-Buy scheme. Such policies tend to push up home prices, which is positive for housebuilders' earnings. However, Fitch said the move could push prices further above their long-term sustainable level, adding to the risk of a bubble and a subsequent correction."Both the Conservative and Labour parties have plans to increase construction, potentially opening up more opportunities for the sector, but we believe house builders could struggle to quickly accelerate construction," Steenekamp added.Fitch reckons healthcare, oil & gas and defence companies could also face reform but any impact would probably be limited as policy shifts would either be incremental or only affect a small portion of their business.
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17 Oct 2023 08:49

LONDON MARKET OPEN: Stocks rise as UK wage inflation eases

(Alliance News) - Stock prices in London opened higher on Tuesday, buoyed by an improvement in wider market sentiment amid potential diplomatic developments in the Middle East, as well as encouraging signs wage inflation pressures are easing in the UK.

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LONDON MARKET OPEN: Stocks steady as eyes on oil, Israel, US earnings

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12 Oct 2023 16:02

London close: Stocks mixed as US inflation comes in slightly hot

(Sharecast News) - London markets ended with a mixed outcome on Thursday, as investors digested a fresh inflation reading out of the US, as well as a slight uptick in the UK economy.

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12 Oct 2023 08:58

LONDON MARKET OPEN: Stocks rise as UK economy ekes out growth

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6 Oct 2023 11:43

LONDON MARKET MIDDAY: Aviva takeover talk boosts FTSE 100

(Alliance News) - The FTSE 100 was in the green at midday Friday, boosted by Aviva amid takeover rumours.

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6 Oct 2023 08:55

LONDON MARKET OPEN: Stocks up; UK house prices fall again

(Alliance News) - Stock prices in London opened higher on Friday, as focus turns to the US nonfarm payrolls data.

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5 Oct 2023 15:47

UK dividends calendar - next 7 days

Friday 6 October 
Admiral Group PLCdividend payment date
Alfa Financial Software Holdings PLCspecial dividend payment date
Anglo-Eastern Plantations PLCdividend payment date
Blackrock World Mining Trust PLCdividend payment date
Cairn Homes PLCdividend payment date
Dalata Hotel Group PLCdividend payment date
Drax Group PLCdividend payment date
Glanbia PLCdividend payment date
GlobalData PLCdividend payment date
Goodwin PLCdividend payment date
Greggs PLCdividend payment date
Intertek Group PLCdividend payment date
Irish Continental Group PLCdividend payment date
JPMorgan American Investment Trust PLCdividend payment date
JPMorgan Global Growth & Income PLCdividend payment date
Land Securities Group PLCdividend payment date
Personal Assets Trust PLCdividend payment date
Quartix Technologies PLCdividend payment date
Serco Group PLCdividend payment date
Walker Crips Group PLCdividend payment date
Warehouse REIT PLCdividend payment date
Zotefoams PLCdividend payment date
Monday 9 October 
Henderson Smaller Cos Investment Trust PLCdividend payment date
LondonMetric Property PLCdividend payment date
Tuesday 10 October 
LSL Property Services PLCdividend payment date
Wednesday 11 October 
Assura PLCdividend payment date
Rathbones Group PLCdividend payment date
Thursday 12 October 
Blackrock Latin American Investment Trust PLCex-dividend payment date
Breedon Group PLCex-dividend payment date
Diageo PLCdividend payment date
GSK PLCdividend payment date
Howden Joinery Group PLCex-dividend payment date
i3 Energy PLCex-dividend payment date
Invesco Bond Income Plus Ltdex-dividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
JPMorgan Mid Cap Investment Trust PLCex-dividend payment date
Kingfisher PLCex-dividend payment date
MP Evans Group PLCex-dividend payment date
Macfarlane Group PLCdividend payment date
North American Income Trust PLCex-dividend payment date
Oxford Instruments PLCdividend payment date
Persimmon PLCex-dividend payment date
Personal Group Holdings PLCex-dividend payment date
Primary Health Properties PLCex-dividend payment date
Ruffer Investment Co Ltdex-dividend payment date
Senior PLCex-dividend payment date
Spirax-Sarco Engineering PLCex-dividend payment date
Strategic Equity Capital PLCex-dividend payment date
Supermarket Income REIT PLCex-dividend payment date
Taylor Wimpey PLCex-dividend payment date
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LONDON MARKET CLOSE: Stocks up ahead of BoE and Fed decisions

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LONDON MARKET MIDDAY: Housebuilders surge as UK inflation abates

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LONDON MARKET OPEN: Stocks rise after cool UK inflation print

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