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Pin to quick picksTelecom Plus Share News (TEP)

Share Price Information for Telecom Plus (TEP)

London Stock Exchange
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Share Price: 1,764.00
Bid: 1,764.00
Ask: 1,772.00
Change: -14.00 (-0.79%)
Spread: 8.00 (0.454%)
Open: 1,780.00
High: 1,780.00
Low: 1,764.00
Prev. Close: 1,778.00
TEP Live PriceLast checked at -

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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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15 Jul 2014 10:03

finnCap reiterates upbeat outlook for Telecom Plus

finnCap has repeated its 'buy' recommendation for utility services provider Telecom Plus after a strong first-quarter update from the firm on Tuesday. "Telecom Plus is a premium stock with impressive gross profit focus and growth," said Analyst Harold Evans. The company, which provides gas, electr

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15 Jul 2014 09:08

London open: FTSE 100 rises for third day as miners gain

- Markets await UK inflation, German ZEW data - Telecom Plus jumps after strong Q1 update, outlook - Miners track metal prices higher techMARK 2,798.02 +0.14% FTSE 100 6,760.22 +0.21% FTSE 250 15,591.43 +0.09% UK stocks quickly erased an initial dip into the red to trade slightly higher on Tuesday

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15 Jul 2014 07:57

UPDATE 1-Utility firm Telecom Plus sees higher first-half profit

(Adds analyst comment, details, share movement) July 15 (Reuters) - British utility company Telecom Plus Plc said it expected first-half profit to be significantly higher than last year as it saw a 25 percent growth in customer additions during the first quarter on strong interest from par

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15 Jul 2014 07:49

London pre-open: Slow start expected as investors await economic data

The UK stock market is set for a quiet start on Tuesday as investors turn cautious following a decent performance the previous session. City sources predict the FTSE 100 will open around six points lower after rising 0.8% to 6,746.14 by the close on Monday. Dealer Jonathan Sudaria from Capital Sp

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15 Jul 2014 07:43

Telecom Plus confident of hitting record numbers after strong Q1

- Record full year numbers reiterated - Q1 customer numbers up 25% - Regulatory changes expected to deliver growth First-half profits are expected to be "significantly" ahead of last year's and record full year earnings are on track at utility supplier Telecom Plus, as customer numbers rose by 25%

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15 Jul 2014 07:41

Telecom Plus Expects "Significantly Ahead" First-Half On Strong First Quarter

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15 Jul 2014 07:35

UK MORNING BRIEFING: Telecom Plus Leads FTSE 250 On Bullish Outlook

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15 Jul 2014 06:16

Utility firm Telecom Plus says customer base rises 15 pct

July 15 (Reuters) - British utility company Telecom Plus Plc reported a 15.4 percent rise in first-quarter customer numbers and said it expected profit in the first half of the year to be significantly ahead of last year. The company, which owns and operates the Utility Warehouse brand, sa

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15 Jul 2014 05:28

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14 Jul 2014 09:09

Ex-divs to take 1.5 points off FTSE 100 on July 16

LONDON, July 14 (Reuters) - The following FTSE 100 company will go ex-dividend on Wednesday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-ma

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