Centrica appoints former BP bigwig to board
14th Sep 2018 11:47
(Sharecast News) - Multinational energy and services company Centrica on Friday appointed Richard Hookway to its board as chief executive of Centrica Business from 1 December.
Read moreUtilities rally as in-line Ofgem price cap provides clarity
6th Sep 2018 10:18
(Sharecast News) - London-listed utilities rallied on Thursday as investors breathed a sigh of relief after Ofgem's proposed price cap came in in line with expectations, ending uncertainty for the sector.
Read moreDownside for United Utilities now limited even if nationalised, Citi says
29th Aug 2018 10:54
(Sharecast News) - Analysts at Citi sounded a 'bullish' note on three of the UK's listed utilities, telling clients the trio's improved fundamentals were starting to show through, despite the heightened political uncertainty in the UK.
Read moreHousehold energy bills expected to rise in 2019 despite price cap
20th Aug 2018 09:50
(Sharecast News) - Power bills in the UK are likely to rise by £60 next year despite the introduction of a price cap by the government, according to a new analysis.
Read moreCentrica hikes tariffs for British Gas variable tariff customers again
8th Aug 2018 10:56
(Sharecast News) - Centrica was the source of more misery for British Gas customers not on a fixed tariff on Wednesday, confirming that its Standard Variable Tariff was to increase yet again due to what it described as rising wholesale costs.
Read moreRising carbon prices benefit Centrica and SSE, Berenberg says
2nd Aug 2018 13:46
(Sharecast News) - Centrica and SSE are likely to benefit from potential increases in EU carbon prices, Berenberg analysts said as they reiterated 'buy' ratings on both shares.
Read moreJefferies reiterates 'buy' on Centrica but concedes downside risks to consensus view
31st Jul 2018 16:42
(Sharecast News) - Analysts at Jefferies reiterated their buy recommendation and 165p target price on shares of Centrica following the energy's supplier's latest interims, even as they conceded that several aspects of the group's results "implied" downside risks to consensus estimates for its earnings per share in fiscal year 2018.
Read moreJefferies reiterates 'buy' on Centrica but concedes downside risks to consensus view
31st Jul 2018 16:42
(Sharecast News) - Analysts at Jefferies reiterated their buy recommendation and 165p target price on shares of Centrica following the energy's supplier's latest interims, even as they conceded that several aspects of the group's results "implied" downside risks to consensus estimates for its earnings per share in fiscal year 2018.
Read moreTuesday broker round-up
31st Jul 2018 13:26
(Sharecast News) - Abcam: Berenberg upgrades to buy with a target price of 1,640p.
Read moreCentrica focussed on strategy after another disappointing first half
31st Jul 2018 08:09
(Sharecast News) - Centrica posted its interim results for the period ended 30 June on Tuesday, reporting "stable" adjusted gross margin and EBITDA relative to the first half of last year, with adjusted operating cash flow falling 11% to £1.1bn.
Read moreEnergy companies 'making switching more difficult', ex-minister warns
30th Jul 2018 09:32
(Sharecast News) - The energy retail sector was slammed for the way it was rolling out smart meters on Monday, with a former energy secretary accusing companies of installing meters that made it more difficult for customers to switch suppliers.
Read moreFTSE 100 movers: Rio Tinto zips higher as Reckitt Benckiser falls
10th Feb 2017 17:10
(ShareCast News) - FTSE 100 is higher on Friday afternoon thanks to a string of mining behemoths led by Rio Tinto congregating atop the risers' list, albeit offset by a motley group of fallers led by consumer goods giant Reckitt Benckiser. London's top tier index closed 0.40% higher to 7,258.75 poin
Read moreRio Tinto appoints three non-exec independent directors
10th Feb 2017 13:59
(ShareCast News) - Shares Rio Tinto are up more than 3% after the mining giant confirmed the appointment of three oil- and energy-sector heavyweights to the boards of London-quoted Rio Tinto Plc and Australia-listed Rio Tinto Ltd. "The new directors broaden the experience of the board, bringing cons
Read moreBritish Gas to extend price freeze until August
10th Feb 2017 11:54
(ShareCast News) - Centrica's British Gas said on Friday that it will extend its price freeze on gas and electricity for customers on its standard energy tariff until August. The company said it was holding its price despite increases in external costs, as it significantly reduces its own costs, add
Read moreCentrica launches new global division as part of restructuring
8th Feb 2017 17:06
(ShareCast News) - British Gas owner Centrica on Wednesday announced it has launched a new global division to focus on residential and business end-customers. The division, Centrica Consumer, will be led by Mark Hodges, the group's chief executive of energy supply and services in the UK and Ireland.
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