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Utilitywise to capitalise on deregulation of England's water market

Tue, 13th Dec 2016 07:55

(ShareCast News) - AIM-listed Utilitywise has partnered with Business Stream to provide gas and electricity procurement services to the water supplier's customers in order to capitalise on the pending deregulation of the commercial water market in England.From April 2017, the English non-domestic water market will be deregulated, following Scotland in 2008, and the partnership is part of the company's strategy to capitalise on this for further revenue.Deregulation will allow retailers of different sizes to join the water market. Water will pass through the same infrastructure but the provision and billing will be managed by a company's licensed provider of choice, and it will be free for customers to switch and choose a provider of their choice.Through a joint marketing programme the company will offer gas and electricity procurement services and technology to Business Stream's 90,000 customers.This will initially be in Scotland, and then rolled out across England when Business Streams' acquisition of Southern Waters' non-domestic business comes into effect from April, which will include a further 100,000 customers.Utilitywise's chief executive, Brendan Flattery said: "This partnership will provide Business Stream customers with access to competitive energy prices as well as cutting edge technologies and services to help them reduce utility consumption and save even more money on their electricity, gas and water bills."Jo Dow, chief executive of Business Stream, added: "This is an innovative, triple utility offer designed to appeal to SME customers, enabling them to save time, money and effort. This new partnership makes it easier for customers to buy all their essential utilities in one place and to manage their accounts online at a time and place which suits them."
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22 Jan 2014 16:23

Utilitywise non-exec buys three million pound stake

A Non-Executive Director of Utilitywise, a cost management consultancy, on Tuesday acquired just over three million pounds-worth shares in the group. Jeremy Middleton, who co-founded emergency repairs business HomeServe, bought 1.15m shares at 260.22p a piece, significantly upping his stake to a t

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22 Jan 2014 12:31

CORRECT: DIRECTOR DEALINGS: Utilitywise Non-Executive Buys 1.2 Million Shares

(Utilitywise has corrected the total shareholding of Jeremy Middleton.) LONDON (Alliance News) - Utilitywise PLC Wednesday said Non-executive Director Jeremy Middleton bought 1.2 million shares at a price of 260.2158 pence per share. Following this transaction, Middleton holds 1.8 mil

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22 Jan 2014 11:20

DIRECTOR DEALINGS: Utilitywise Non-Executive Buys 1.2 Million Shares

LONDON (Alliance News) - Utilitywise PLC Wednesday said non-executive director Jeremy Middleton bought 1.2 million shares at a price of 260.22 pence per share. Following this transaction, Middleton holds 1.8 million shares, representing 0.88% of the share capital. Shares in the utilit

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10 Dec 2013 16:17

Entertainment One Film President continues sale, Empresaria builds stake

Patrice Theroux, the President of Film at Entertainment One, has reduced his stake in the entertainment company with the sale of 259,538 shares. The shares were traded in at 239.25p a time for a total value of £620,945. The transaction followed two other share sales of 665,462 at 240.1p on Decemb

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2 Dec 2013 16:16

Multiple sales for Entertainment One Chief

Darren Throop, Chief Executive Officer of Entertainment One, has sold four rounds of shares in the international entertainment company, reducing his stake by a total of 785,789 shares to 8.4m. While 69,239 shares were traded in at 239.2p each, the remainder were sold for 241.1p, earning Throop a to

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27 Nov 2013 15:59

Coms Chief builds stake after 'significant' contract win

David Breith, the Chief Executive Officer of Coms, on Tuesday acquired 1.53m shares, which the same day climbed after the group announced a "significant" contract win. Breith bought the shares at 4.48p each for a total of £68,544. The telecommunications and information technology specialist has s

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27 Nov 2013 10:54

DIRECTOR DEALINGS: Utilitywise Non-Executive Buys 119,050 Shares

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30 Oct 2013 11:12

Utilitywise Shares Rise 7% As It Revises Upward Its Pretax Profit

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15 Oct 2013 11:50

Utilitywise beats full year forecasts with energy to spare

First final results from corporate energy consultancy Utilitywise were comfortably ahead of forecasts, providing evidence of progress towards its goal of profitably consolidating a fragmented market. The AIM-listed company grew profits 81% before tax and acquisition-related costs to £7.0m on turnov

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15 Oct 2013 08:36

Utilitywise Profits Buoyed By Increased Headcount And Contract Wins

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8 Sep 2013 20:13

Sunday share tips: Vedanta, Highland Gold, Barratt

The Telegraph's Questor column said buy Vedanta. The natural resources group has completed a restructure that could bring $200m of tax savings. Analysts at Liberum Capital also think the fall in the value of the Indian rupee could boost EBITDA by $455m if the decline persists to the end of the year.

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13 Jun 2013 07:01

Thursday broker round-up UPDATE

African Barrick Gold: Citi moves target price from 175p to 124p and maintains a sell recommendation. ASOS: Nomura raises target price from 2970p to 3400p keeping a neutral rating. Exane increases target price from 4200p to 5000p and retains its outperform rating. Citi ups target price from 4400p to

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21 May 2013 07:12

Tuesday broker round-up UPDATE

Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a

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