Centrica warns of price hikes in event of winter gas shortage - report
A long or cold winter could push natural gas prices higher and force some companies to limit production
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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UK energy bills to rise by £139 after gas prices soar in Europe
Ofgem adjusts the price cap twice a year based on estimates of the wholesale costs of gas and energy paid by suppliers
Centrica says first half was ‘broadly as expected’
“Although there is still a lot to achieve, our turnaround remains on track," said Chirs O'Shea
Centrica says electricity demand and boiler installation dropped in latest quarter
The British Gas owner recently fired hundreds of engineers after they refused to accept new terms and conditions
British Gas set to axe hundreds of engineers over 'fire and hire' contracts
The contracts had tarnished British Gas’s reputation said the GMB union
Centrica now "squarely in the value camp", says RBS
Although previously thought of as an income play, Centrica has not declared a dividend since 2019 and now “can be placed squarely in the value camp”, RBC asserts.
Energy regulator Ofgem clamps down on direct debit overpayments
“Suppliers should set the payments so that customers’ credit balance returns to £0 each year on the anniversary of when they started the payments”
Centrica drops final dividend as underlying profits slide
Covid-19, warmer weather and low commodity prices all hit the group
Centrica shares offer 30% more upside, JP Morgan reckons
The investment bank believe the share price outperformance is set to continue as the market appreciates the turnaround story
Centrica finance chief leaves after just seven months
The owner of British Gas has promoted Kate Ringrose to be its new chief financial officer
Centrica expects to beat earnings forecasts for 2020 but "remains cautious"
More people working from home mean business electricity demand saw a 15% negative impact in the second half, down from 30% in the second quarter
Centrica shares trade lower as workers launch strike action
Centrica shares were down 1.45% in Thursday morning's deals.
RBC bullish on Centrica after investor call
“We see underlying market conditions in energy supply as improving and CNA seems to be making progress on cost competitiveness."
Centrica shares trading in deep value territory, says JPMorgan
New management has begun to turn things around and full-year results next year the analysts "expect to see the benefits of restructuring on earnings and a strategic update"
Centrica says British Gas to snap up Robin Hood Energy customer base
Robin Hood currently serves around 112,000 residential customers and 2,600 business customers across 10,000 sites
British Gas pays out £1.73mln after pre-payment meter failings
Ofgem added that British Gas had no-one manning the indicated phone line on the day of the changeover
Energy cap to be reduced by £84 as coronavirus hits gas demand
The price cap for the coming winter period (October-March) will now be £1,042 against £1,126 currently
Centrica shares now worth buying, says Jefferies
Centrica shares are up 20% since the deal announcement but, the analysts noted, remain at a 45% discount to the sector
Centrica sells North American business as losses continue
Centrica said it would use the proceeds of the sale to reduce debt and to make a “material” contribution to its defined benefit pension schemes
Centrica plans digital-only brand to pick up lost British Gas customers
The energy firm is stepping up efforts against cheaper competitors after continued customer losses