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Telecom Plus Share News (TEP)
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Telecom Plus Information
Share Price Information for Telecom Plus (TEP)
Share Price is delayed by 15 minutes
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Share Price:
1,758.00
Bid:
1,756.00
Ask:
1,762.00
Change:
-14.00 (-0.79%)
Spread:
6.00 (0.342%)
Open:
1,762.00
High:
1,762.00
Low:
1,752.00
Prev. Close:
1,772.00
Last checked at -
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Don't have an account? Click here to register.Telecom Plus shares fall after profit warning on price cap impact
Wed, 17th Apr 2019 09:09
(Sharecast News) - Utility supplier Telecom Plus on Wednesday warned that full year profit would be lower-than-expected as the UK government's price cap hit results in the final quarter.Shares in the multi-utility provider fell in early trade as it said adjusted full year profit before tax was expected to be towards the lower end of earlier forecasts of £56m, the company said.It added that underlying cash flow remained strong, although net debt increased to approximately £38m from £11.2m, reflecting higher working capital requirements associated with changes to the phasing of certain energy industry payments, higher technology investment , smart meter roll-out costs and a share buy back in July 2018."We are encouraged by the profit outlook for the current year. The combination of accelerating growth in customer numbers and a small increase in our gross margins - resulting mainly from the improved supply arrangements with npower - mean that we expect adjusted profits before tax of between £60m and £65m for full year 2020, with a commensurate increase of (around) 10% in the total dividend to 57p per share in line with our published distribution policy," the company said.Telecom Plus provides mobile, gas, electricity as well as landline and broadband services.
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16 Apr 2015 13:41
FTSE 250 movers: Debenhams surges on strong H1, Telecom Plus lower on profit warning
Debenhams topped the risers after posting half-year results above its forecast, reversing a decline in sales over its financial first quarter. "Overall we delivered a good first half performance despite a difficult clothing season in Autumn and we are on track to achieve full year expectations," sai
Read more16 Apr 2015 11:54
London midday: Greek fears hit sentiment as stocks retreat ahead of US session
Ongoing uncertainty over Greece gave investors an excuse to take profits on Thursday, with UK stocks pulling back from record levels ahead of what is expected to be a busy session in the States. "Fears over Greece continued to dominate Thursday morning, leaving the Eurozone indices in a sorry state
Read more16 Apr 2015 11:39
16 Apr 2015 10:40
16 Apr 2015 09:13
London open: Greek woes pull UK stocks back from record high
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 more16 Apr 2015 08:58
UPDATE 2-Telecom Plus to take writedown, sees profit below market estimates
* 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 more16 Apr 2015 08:12
Telecom Plus tanks after profit warning on gas debtor writedown
Telecom 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 more16 Apr 2015 07:24
BUZZ-Telecom Plus: worst day ever on profit warning
** 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 more16 Apr 2015 07:21
16 Apr 2015 07:00
Telecom Plus sees full-year profit below prior estimate
April 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 more