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
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 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