Centrica loses 823,000 energy supply customers in 'disappointing' second half
Centrica said its second half performance has been “disappointing” due to tough competition and warmer-than-usual weather
Company
Centrica PLC
LON:CNA
Centrica plc is an integrated energy company operating predominately in United Kingdom and North America. In the United Kingdom, it operates three segments: upstream, downstream and storage.
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FTSE 100 closes down, dragged lower by Centrica PLC after dismal trading update
Market was subdued as US markets were closed for Thanksgiving
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Trading news from British Gas owner Centrica eyed amid energy tariff reform
The day ahead includes a trading update from British Gas owner Centrica, full year result from pubs operators Mitchells & Butlers PLC, and interims from Mothercare PLC
Centrica buys power management firm REstore for €70mln
REstore manages 1.7GW of peak load for more than 150 of Europe’s largest energy users
FTSE 100 closes at record high bolstered by weak pound on Brexit talks 'stalemate'
In a joint news conference held later in the day, Barnier admitted that some progress had been achieved on citizens' rights and Ireland's common travel area
FTSE 100 closes lower ahead of FOMC minutes
The FTSE 100 index closed down 4.46 at 7,533, below the session peak of 7,550.17 but above the low of 7,519.60
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Sky in bid limbo but revenues still growing; Trinity Mirror update to be another media focus in week ahead
The Week Ahead includes trading updates from media firms Sky PLC and Trinity Mirror PLC, as well as news from defence group BAE Systems PLC, and minutes from the FOMC meeting
HSBC trims price targets for British Gas-owner Centrica and SSE on energy price caps move
The analysts cut their target price for Centrica shares to 190p from 202p, reflecting a lower supply earnings multiple and a higher yield premium for increased political intervention, but maintained a ‘hold’ rating on the stock
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Future PLC raises expectations as chairman signals intention to bow out
Peter Allen will not be going back to the Future board room after February's AGM
FTSE 100 barely changed after PM's speech; Centrica slides
Not much happening among the blue-chips but Image Scan and Future were among the big movers in the small caps sector
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Randgold shines as gold stocks enjoy safe-haven rally on North Korean missile panic
Image Scan Holdings, Findel and Mountfield Group were among Tuesday's early risers.
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Mitie Group says it is being investigated by the FCA over the "timeliness" of its profit warning last September
In a brief statement, the FTSE 250-listed firm said the FCA had informed it on August 25 about the investigation, which will also look at the manner of preparation and content of Mitie’s “financial information, position and results for the
British Gas parent Centrica shares fall as watchdog lowers energy bills for prepayment customers
About three million customers who use prepayment metres for their energy will see bills fall by up to £19 a year
Centrica shares gain as it hikes electricity prices and makes progress in restructuring
Centrica's first half profits were hit by an exceptional charge of £268mln related to restructuring the business
FTSE 100 closes 51 up with engineer Rolls Royce in the driving seat
With an hour and a quarter of trading to go, the UK benchmark index was ahead 58 points at 7,430, just easing back from the afternoon peak of 7,438.90
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Centrica and BP to put some energy into the start of August
British Gas owner Centrica and BP are among the blue-chip names in Tuesday’s City agenda.
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Banks to dominate another busy earnings week, including numbers from HSBC and RBS
Week ahead: HSBC, Royal Bank of Scotland, Royal Dutch Shell, Next, Centrica, Shire, US jobs, Bank of England policy meeting ...
Centrica combines European oil and gas business with Bayerngas Norge amid takeover rumours
Centrica has been streamlining its business to concentrate on its core energy supply and services
Investments and investor services
FTSE 100 closes higher as Chinese data bolsters miners
The blue-chip index has traded sideways since about 8.30 this morning
Carillion becomes a potential takeover target as analysts say it faces significant rights issue
The UK construction and support services firm will need to raise substantial funds to support a restructuring after warning on full year revenue and debt, analysts said
Centrica shares jump on takeover rumours as weaker pound sparks interest in UK assets
Centrica could fetch up to 300p per share in bids for the utility group, it has been speculated
FTSE 100 enjoys late surge to ensure it finishes the week ahead
The top-share index finished up on the day and therefore up on the week also
British Gas to be probed by watchdog over account switching fees
Licence conditions stipulate that that suppliers should not charge termination fees for any change that takes place within 49 days
British Gas owner Centrica unfazed by regulator Ofgem's plans for price cap for most vulnerable customers
In a statement, Ofgem said options being considered include introducing a safeguard tariff for vulnerable consumers which would protect them from overpaying for their energy
Contracts have been flowing for Plexus Holdings even though energy companies are still cautious about new drilling
In a trading update in May, the AIM-listed firm said discussions over contracts are taking longer than expected to conclude, although it still anticipated orders under negotiation will come through in its financial year ending in June 2018
Centrica extends recent rally as another broker upgrades after this week’s Queen's Speech
Following on from yesterday’s HSBC upgrade, JPMorgan Cazenove has today raised its rating for Centrica to 'neutral' from 'underweight'
HSBC upgrades rating for British gas-owner Centrica after Queen’s Speech revealed no intention for tariff cap
In a note to clients, the global bank’s analysts raised their stance on the FTSE 100-listed firm to ‘hold’ from ‘reduce’ with an increased target price of 202p, up from 187p
Centrica shares rise after British Gas-owner's £318mln cash sale of two UK power plants
Centrica has sold the Langage and South Humber Bank combined cycle gas turbine power stations which have a combined capacity of 2.3 Gigawatts to the UK unit of Czech-owned Energeticky a prumyslovy holding, a.s. (EPH).
Centrica's investment case overshadowed by Tory plans for energy price cap, says Barclays
Shares in Centrica and Drax gained as Barclays lifted its target price on the energy companies
FTSE 100 finishes lower amid UK political uncertainty and US tech sell-off
Around 8.45am, the UK blue chip index was about 24 points lower at 7,503, having gained around 1% on Friday after international stocks benefited from sterling’s falls
Centrica ticks higher as it offloads Canadian E&P joint venture for £240mln
The sale to a consortium of investors is in line with Centrica’s strategy to focus on its European assets
FTSE 100 rises as May's new government is DUPed
Despite the worst case scenario in the General Election, the FTSE 100 rose strongly
JPMorgan Cazenove puts the boot into British gas-owner Centrica with a double-downgrade
The US broker has double-downgraded its rating for the FTSE 100-listed firm to ‘underweight’ from ‘overweight and chopped its target price to 180p from 265p
Investments and investor services
FTSE 100 finishes little changed after "Super Thursday" underwhelms
The Footsie was back in black - but only just - thanks to precious metals miners
Footsie up ahead of close; unrest at ITV hits shares
The bulls could not quite push the top-share index above 7,400. Tomorrow they'll have a harder job with ex-div stocks lopping about 14 points off the Footsie
Centrica and SSE shares tumble after Theresa May confirms proposed cap on energy bills
The government's proposal for an energy price cap is expected to deliver a massive blow to the sector
FTSE 100 firm but off highs despite new intra-day records for US indices
The UK blue chip index finished 41 points higher at 7,342, retreating from the session peak of 7,359 but still well above the day’s low of 7,300
FTSE 100 firm but off highs as New York makes dull early progress
With around an hour and a half of trading to go in London, the FTSE 100 was up about 11 points at 7,308, holding off the day’s peak of 7,322
British Gas owner Centrica says warmer weather and lower prices hurt results in year to date
Centrica is in talks with the government about an alternative to plans for a energy price cap in the UK
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Pensioners, Ofcom and rivals snap away at BT
Week ahead: BT and Talk Talk: ITV, Barratt Developments, Centrica, William HIll and more ...
FTSE 100 closes over 2% higher as France vote cheers
The FTSE 100 closed 150 points, or 2.11% higher, as investors welcomed Macron's result in the first round of France's presidential election
Election uncertainty among factors leading Macquarie to downgrade British gas owner Centrica to 'hold'
Macquarie also cut its target price for Centrica to 220p and downgraded its 2017 earnings per share estimate by 17%, taking it to 9% below consensus
Centrica faces headwnds, Goldman says, though it should be able to resume dividend growth
Parliament is set to indulge in another frenzy of utility company bashing on Thursday
Credit Suisse downgrade to 'neutral' knocks shares in British Gas-owner Centrica
The Swiss bank's analysts have reduced their EPS estimates for Centrica by around 10% for 2017 and 2018, leading to a cut in the target price to 230p from 255p.
Fuel cells may be the future, but Ceres Power is quietly developing them in the UK now
Ceres’ unique SteelCell – initially developed by researchers at Imperial College - are the most cost effective, robust and energy efficient fuel cells being developed.
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Storm Doris and Whirlpool willies
What's trending? Storm Doris and Whirlpool tumble dryers; banking behemoths Barclays and Lloyds; British American Vaping ... er ... Tobacco; and Deltex.
'Tell Sid' that dividend rises depend on debt reduction for British gas-owner Centrica
Centrica flagged up the possibility of increased future dividend payments, but investors were disappointed that the current payout has been left unchanged at 12p a share.
British Gas-owner Centrica flags-up future dividend hike but investors disappointed by pegged payout now
For the year ended December 31, the FTSE 100-listed firm saw its adjusted operating profits rise to £1.515bn, up from £1.459bn in 2015, and above forecasts for £1.47bn.
FTSE ends lower as Wall St adds to ex-divi stock blues
With around half-an-hour of trading to go in London, the FTSE100 index was almost 20 points lower at 7,282, the day’s worst levels, well below an earlier peak of 7,310.
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What Brexit? UK fourth-quarter 2016 growth exceeds forecasts, but business investment fell
The Office for National Statistics said gross domestic product rose by 0.7% in the fourth quarter compared with the previous three months, up from an initial estimate of 0.6%.
Ceres Power powering up as steel fuel cell developer sees more big clients, residential trials
Ceres has built up a significant head of steam over the past year with big manufacturers coming on board and trials of its prototype home power systems in the UK.
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Proactive oil & gas highlights: 88 Energy, Premier Oil, SDX Energy and more…
88 Energy now sees 1.5bn barrels of conventional oil resources in Alaska, while SDX Energy has snapped up Circle Oil’s Egypt and Morocco assets
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Proactive news round-up: Orogen Gold, Braveheart Investment, Concepta ...
A glance at some of the stories on the Proactive newswire today
Plexus shares rise after it unveils deal with Centrica
The deal will see it supply surface wellhead and mudline equipment services for jack-up exploration wells in the Norwegian sector of the North Sea.
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Judge allows Barclays-backed firm to frack in Yorkshire
Anti-fracking campaigners said they were devastated by the ruling
British Gas owner Centrica expects to exceed 2016 targets helped by cost-cutting
The FTSE 100-listed company said it expects to deliver adjusted earnings per share for 2016 of around 16.5p per share, which would still be a fall from 2015’s 17.2p outcome.
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FTSE stocks led higher towards 7000 by banks, but miners reel from Fed rate hike
FTSE 100 stocks closed higher on Thursday, just shy of the 7000 mark, but the theme of the session was all about weaker sterling in the wake of the US interest rate hike overnight
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Day ahead – Customer losses key for British Gas-owner Centrica
At the end of July, Centrica said the UK's biggest energy supplier lost almost 400,000 customers in the first half of the year as households continue to switch to smaller suppliers after years of rows over too high bills and poor service.
Centrica feeling the heat as Deutsche downgrades
Deutsche repeated its ‘buy’ advice on United Utilities, Severn Trent and Pennon, but turned bearish on Centrica
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Week Ahead: Bellway expected to have put in solid finish to eventful year
Big names reporting include Bellway, Dixons Carphone, John Wood Group, Go-Ahead Group, PZ Cussons and Berendsen
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Trending - Telecoms, the Daily Mail and General Trust and the new fiver
A look at some of the top trending stories of the day
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Brokers: UK pharma giants in good shape if Clinton wins says Citigroup
“From a legislative angle, we continue to prefer names with either limited part D exposure [US Medicare] or heavier contribution of non-pharma assets."
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Goldman Sachs says sell Tesco; Morgan Stanley more bearish on Centrica
“Our key concern is that cash generation does not support [the] valuation,” the Wall Street investment bank said.
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Brokers: Barclays like media firms, just not ITV
ITV and Inmarsat were the only two media and telecoms firms downgraded by Barclays in its latest note on the industry
Broker sees Centrica losing its spark
Jefferies cut Centrica and power station operator Drax to ‘underperform’
Ceres Power adds another string to its bow
Fuel cell developer adds residential trials to growing list of projects
Ceres Power launches home power system trials
Firm's system is set to generate most of a home's power and all its hot water more efficiently than the grid
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Proactive oil highlights: Centrica, Falcon, Green Dragon, Greka, Magnolia, Sound Energy and more...
A round up of the oil headlines from the world of Proactive.
Centrica sees hit from warm US weather and low oil prices as profits dip
The British Gas owner said commodity prices remained at low levels despite recent increases
PREVIEW: Investors look for signs of synergies from Shell's acquisition of BG
To misquote Prince, it’s just another frantic Thursday with around one-sixth of the FTSE 100 companies set to update the market.
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Brokers: Centrica in favour with Credit Suisse
In a market where everyone is panicking about house prices and property funds, online house-seller Rightmove remained a source of tranquillity.
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Brokers: ‘Painful transition’ for M&S
Barclays took opposing views on the futures of high street stalwarts compared with younger online retailers on Friday.
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Brokers pick their winners post-Brexit
Broadcaster ITV was downgraded, as was airline group IAG
No price cap for big six as CMA tones down energy reforms
The regulator’s final report after a two-year review of the UK energy market omitted the cap having included it a year ago.
Investments and investor services
BREXIT LIVE: City reaction as Britons choose leave
That's it from us for a very volatile Friday, more Brexit reaction to follow on Monday.
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Centrica downgraded while it launches £750mln share sale
Centrica, Direct Line Insurance Group, Stagecoach, Shell and Randgold Resources were all in Thursday’s broker spotlight.
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Centrica downgraded while it launches £750mln share sale
Centrica, Direct Line Insurance Group, Stagecoach, Shell and Randgold Resources were all in Thursday’s broker spotlight.
Stocks becalmed as investors await US jobs data
The FTSE 100 closed at 6,117, up five points. The FTSE Aim was similarly becalmed, dipping six points to 3,371
New Day, same old sorry story for Trinity Mirror
it was a tough day for newspaper publisher Trinity Mirror, not that you'd know it from the share price.
UK shares see-saw as Centrica news weighs on Footsie
After a promising start UK shares were turning lower at lunch, with FTSE100 down around five points.
Centrica biggest Footsie loser as it seeks £750mln from market
City analysts have described as 'surprising' a move by British Gas owner Centrica to raise £750mln....
Risers and Fallers - Churchill Mining, StageCoach and Feedback
Major share price rises and fallers in London at 9.45am
London shares recover after oil-stained session
The FTSE 100 Index closed 9.77 points higher at 6,353
Small caps recover from oil woe as drug M&A talk swirls
Small caps pare losses but Footsie drops nearly 20 points
Stocks dip after oil talks fail, but drug M&A chat injects interest
Indices drop after Iran's absence at talks scuppers hopes of price freeze
Centrica PLC to cut 3,000 jobs as UK arm returns to profit
British Gas owner said job cuts would help it to save £200mln in 2016
Week Ahead: Cash collection in focus at Utilitywise
Utilitwise is keen to align supplier commercial terms to improve cash conversion
GW Pharmaceuticals Plc lights up AIM 100 on epilepsy success
Standing at 3,364 the FTSE AIM 100 closed sharply higher, up 86 points or 2.65%.
Energy firms face crackdown over high bills
UK competition regulator says consumers may have been paying £1.7bn more than necessary
Credit Suisse downgrades Ashtead Group PLC on rental rate fears
Swiss broker reduces recommendation on plant hire company to 'underperform'
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FTSE 100 dragged lower by resource stocks
The FTSE 100 ended in the red, weighed down by big payers Astra, Glaxo and Shell going ex-dividend.
Investments and investor services
London market flounders but Morrisons sparks interest
The FTSE 100 Index fell 34 points to 5,996 after Chinese inflation hit its highest point since last September
Followed – Centrica, energy and house prices and print media
It was the usual story today of bumper profits at utilities - this time giant Centrica - the British Gas owner, as increasingly customer groups complain the lower wholesale prices of energy are not passed on to householders.
Investments and investor services
London's top flight slips on China data and oil prices
The FTSE 100 Index fell 51.85 points to 5978 as oil prices drifted
Centrica cuts divi as profits fall amid lower oil prices
Utility cut its full-year dividend per share by 11% to 12p