PCI-PAL surrenders some recent gains as half-year losses widen
A look at the day's major movers, including Gulf Marine Services, Argos Resources, Premier Technical Services, Serco, Vitec, Purplebricks and Centrica
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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Centrica plunges on dividend worries as British Gas owner warns on 2019 numbers after mixed 2018 results
The FTSE 100-listed firm saw its total consumer account numbers fall by 1% in 2018, although adjusted operating profit rose 12% to £1.39bn, boosted by higher commodity prices
Investments and investor services
FTSE 100 closes in red amid lower volumes but Reckitt Benckiser jumps
Footsie closed down around 17 points at 7,219 but FTSE 250 added over 140 at 19,127
British Gas owner Centrica weak as Citigroup cuts stance to ‘neutral’ from ‘buy’, second broker downgrade this week
The US bank's analysts said "unless Centrica is able to revitalised its current strategy by delivering growth in some of its new business lines or to curb the level of churn in retail or to improve the commodity output, we see little reason
Investments and investor services
FTSE 100 joins the decline in global equities to close lower
There is not a lot of earnings news on either side of the Atlantic to drive markets higher
British Gas owner Centrica warms up as UK regulator raises price caps
Ofgem said it was upping the limit to allow suppliers to cover the higher costs they are facing on the wholesale market
Centrica dividend cut “inevitable”, claim RBC analysts
RBC has pointed to a likely dividend cut and a “general lack of growth” as two of the main reasons for double-downgrading Centrica to ‘underperform’ from ‘outperform’
British Gas parent Centrica downgraded to ‘neutral’ by Credit Suisse amid “tight” dividend outlook
In a note, the bank cut its EPS forecast for the FTSE 100 firm by 9% for 2018 to reflect a weaker UK home market and lower hydrocarbon production volumes
Archive
FTSE 100 closes in the red as global market unease continues
Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
Lloyds and RBS drive FTSE 350 dividends to another record year, but is this trend sustainable?
High yields are often viewed as a warning that a company’s dividend is too high to maintain, but a new study thinks the issue lies with the value of unloved UK stocks and not their pay-outs
Centrica shares knocked as Deutsche Bank cuts target price for British Gas owner in review of European utilities
The German bank repeated a ‘sell’ rating on the FTSE 100-listed firm and reduced its target to 115p from 135p, leading the shares to shed nearly 4% at 134.10p in late morning trading
Centrica's dividend at risk if anything else goes wrong for the British Gas owner, says UBS
UBS sees the possibility of a takeover bid for Centrica after rumours of foreign interest in the firm emerged last year
Analysts expect British Gas parent Centrica to cut dividend as it feels the heat of price cap
“Perhaps it would be better if British Gas owner Centrica just cut its dividend and got it over and done with," said Russ Mould, investment director at AJ Bell
Investments and investor services
Minds + Machines on the march after non-exec buys shares
A look at the day's winners and sinners, including Bigblu, Hardy Oil & Gas, Urals Energy, Juridica, Ebiquity, Egdon Resources, Union Jack Oil, Europa Oil & Gas, Wynnstay, Veltyco and Centrica
British Gas owner Centrica expects energy price cap to hit 2019 earnings
“As previously indicated, we expect the price cap to result in some negative near-term impact on earnings and cash flow, particularly in 2019 before we have fully realised planned cost efficiencies,” Centrica said
FTSE 100 closes firmly in the red as PM Theresa May says Brexit deal within grasp
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points
Archive
No profit warning repeat hoped for from British Gas owner Centrica
Aside from Centrica, the Day Ahead includes updates from the likes of water firm Severn Trent, booze retailer Majestic Wines, and pubs operator Mitchells & Butlers
Centrica's British Gas launches first residential tariff for electric vehicle users offering cheaper electricity at night
The FTSE 100-listed group said electric vehicle drivers use up to 80% more electricity if they charge at home and so can benefit from tariffs which pass on cheaper overnight wholesale electricity costs
FTSE 100 closes lower as UK politics, Brexit remain the focus
The chief negotiator for the EU, Michel Barnier, has proposed extending the transition period for the UK to leave the bloc until as late as 2022. Theresa May said she was not keen on the idea
Archive
UK investors will have plenty of updates to chew over in the coming week as turkeys are prepared for US Thanksgiving
Aside from the inevitable Brexit drama, the Week Ahead will be dominated by another batch of corporate updates from the likes of Kingfisher, Centrica, easyJet, and Compass Group