Centrica announces placing to cut debt, make acquisitions
5th May 2016 08:04
(ShareCast News) - FTSE 100 energy supplier Centrica announced plans to raise around £750m in a placing to fund acquisitions and cut debt. The owner of British Gas said it plans to issue around 350 million shares or 7% of its current issued share capital. The company said the placing will enable it
Read moreSunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read moreCentrica buys Danish energy management company
21st Apr 2016 07:43
(ShareCast News) - Centrica has agreed to acquire Denmark-based energy management provider Neas Energy A/S for DKK1.6bn (£170m) in cash plus adjustments for cash and net working capital. Neas provides customers with route to market and short-term trading optimisation services in six European countri
Read moreCentrica's British Gas to cut nearly 700 jobs, close Oldbury office
20th Apr 2016 12:19
(ShareCast News) - Centrica's British Gas has announced a proposal to cut 684 office-based roles, including the closure of its Oldbury office, as it looks to consolidate operations on fewer sites. As part of a full consultation process over the next 45 days, the company will discuss the proposals an
Read moreLondon pre-open: Stocks seen lower as oil skids on failed Doha meeting
18th Apr 2016 07:35
(ShareCast News) - London stocks were set to open lower on Monday as oil prices slid in the wake of the failed Doha meeting over the weekend. The FTSE 100 was seen starting 64 points lower than Friday's close at 6,279. "A failed attempt to agree an output freeze by some of the world's largest oil p
Read moreCentrica axes 800 jobs in first quarter; on track to hit 2016 targets
18th Apr 2016 07:21
(ShareCast News) - Centrica said it expected to axe 3,000 jobs in 2016 as part of its cost cutting plans with 800 gone in the first quarter of the year. In a trading statement, the company said UK home energy supply accounts were down 1.5% in the first quarter primarily as a result of significant lo
Read moreSunday newspaper round-up: Interest rates, Tata, Premier Foods, G4S, Centrica
3rd Apr 2016 16:33
(ShareCast News) - The Bank of England will hold interest rates at their current historic low for three more years, according to the market's current predictions. Judging by the overnight deposit rates that banks are charged to hold their cash at the central bank, which indicates market predictions
Read moreBroker tips: Burberry, Centrica, SSE, RBS
9th Mar 2016 14:38
(ShareCast News) - A weaker sterling will add to ,'s growth on both the top-line and bottom-line, but the recent rebound in the share price was "unwarranted", HSBC said. Neither should investors expect anything more than excess cash to be returned and room to cut costs further was limited, analysts
Read moreSSE and Centrica rally on JPMorgan upgrades
9th Mar 2016 10:51
(ShareCast News) - Utilities Centrica and SSE were among the top performers on the FTSE on Wednesday morning after JPMorgan Cazenove upgraded its ratings on the stocks. The bank said UK merchant utilities have been buffeted in recent years by a number of headwinds, with energy consumption down, stru
Read moreSunday share tips: Weir Group, Centrica, Constellation Healthcare
21st Feb 2016 15:14
(ShareCast News) - Sell shares in Weir Group, said the Sunday Times 'Inside the City' column. The Glaswegian pumps and valves manufacturer enjoyed the boom of the US fracking industry while its shares topped £25 for most of 2014, they entered 2015 at less than £18 and exited at £10. The shale tale i
Read moreFriday newspaper share tips: Centrica, BAE Systems
19th Feb 2016 15:30
(ShareCast News) - Calmer waters may lie ahead for Centrica this year if the company's boss can deliver on the promises made to investors, the Financial Times's Lex column said. Impairments on Centrica's exploration, production and power assets rose to over £1.8bn pushing the company's full year pro
Read moreCentrica profit and earnings slip but beat expectations
18th Feb 2016 07:39
(ShareCast News) - British Gas owner Centrica reported a 15% drop in pre-tax profit for 2015 as revenue declined, but earnings were still ahead of expectations. For the year ended 31 December, adjusted pre-tax profit fell to £1.13bn from £1.33bn in 2014, as revenue slipped 5% to £28bn. Earnings per
Read moreThursday preview: BAE Systems and Centrica report full year results
17th Feb 2016 12:36
(ShareCast News) - BAE Systems and Centrica are expected to report declines in full year profits on Thursday. Deutsche Bank (DB) said it predicted defence gaint BAE Systems to reveal a 3.2% drop in 2015 earnings before interest and tax to £1.65bn. Underlying earnings per share are expected to be dow
Read moreCentrica's credit ratings under review for downgrade by Moody's
15th Feb 2016 11:36
(ShareCast News) - Moody's has placed the Baa1 issuer rating and Baa3 junior subordinate rating of British Gas-owner Centrica on review for downgrade. The move follows the recent sharp drop in European gas and power prices and reflects the risk that measures already announced by Centrica may be insu
Read moreCredit Suisse cuts targets for Drax, Centrica, and SSE
15th Feb 2016 10:23
(ShareCast News) - Lower energy prices and their impact on those for power meant the major UK power groups would need to carry out self-help measures, although the ability of Centrica and Drax to do so was underappreciated by markets, Credit Suisse said. The Swiss bank lowered its power price estima
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