Hunt mulling fresh windfall tax on power generators - report
15th Nov 2022 10:59
(Sharecast News) - The chancellor Jeremy Hunt is considering introducing a 40% windfall tax on the "excess returns" of electricity generators as part of this week's Autumn Statement, it was reported on Tuesday.
Read moreCiti lifts Centrica price target, reiterates 'buy' rating
31st Oct 2022 13:03
(Sharecast News) - Citi lifted its price target on British Gas owner Centrica on Friday to 93p from 81p as it reiterated its 'buy' rating on the stock.
Read moreJefferies upgrades Centrica, Drax to 'buy'
31st Oct 2022 07:28
(Sharecast News) - Jefferies upgraded Centrica and Drax on Monday to 'buy' from 'hold' as it pointed to strong free cash flow generation and resilient balance sheets.
Read moreEnergy firms rally as Hunt scales back support package
17th Oct 2022 11:39
(Sharecast News) - Energy firms rallied on Monday as chancellor Jeremy Hunt announced in his emergency statement that energy support in the form of a freeze on bills will be reviewed in April.
Read moreMinisters pressing ahead with renewable energy windfall tax - report
10th Oct 2022 10:34
(Sharecast News) - UK ministers are reportedly pressing ahead with plans to cap prices at renewable energy generators, after talks failed to persuade them to voluntarily fix contracts well below the current wholesale rates.
Read moreSuppliers must do more to help struggling customers - Ofgem
27th Sep 2022 09:39
(Sharecast News) - Energy suppliers must do more to help customers in payment difficulties, Ofgem warned on Tuesday.
Read moreJPMorgan upgrades SSE to 'overweight'
20th Sep 2022 07:59
(Sharecast News) - JPMorgan Cazenove upgraded SSE on Tuesday to 'overweight' from 'neutral' and hiked the price target to 2,100p from 1,585p.
Read moreCentrica in talks to boost financing - report
6th Sep 2022 07:25
(Sharecast News) - Shares in Centrica sparked on Tuesday on reports the blue chip was seeking additional credit to meet rising collateral demands.
Read moreSunday newspaper round-up: Energy tariffs, Bank of England, IAG
14th Aug 2022 16:01
(Sharecast News) - Scottish Power and Eon have called for a special fund to be created that would allow customers' bills to be frozen for two years and to spread the cost of the natural gas price crisis over ten years or more. According to Scottish Power boss, Keith Anderson, "unprecedented times call for unprecedented action". UK families on default energy tariffs are staring at a surge in their annual bills from £1,971 to around £3,582 from 1 October when the new price cap set by Ofgem - and which is due to be announced on 26 August - is due to go into effect. The proposed 'deficit fund' would be backed by a government guarantee, allowing it to borrow billions from lenders such as Barclays, who had expressed interest in a prior similar proposal. - The Sunday Times
Read moreGovernment 'working up' cost-of-living package for new PM
10th Aug 2022 13:38
(Sharecast News) - The government is working on a new cost-of-living package to support Britons facing monumental uplifts in bills and prices, it was suggested on Wednesday, for the next prime minister to consider.
Read moreCentrica signs deal to import £7bn of LNG from US
9th Aug 2022 14:15
(Sharecast News) - British Gas owner Centrica said on Tuesday that it has signed a £7bn agreement with Delfin Midstream in the US for the purchase of 1 million tonnes per annum of liquified natural gas (LNG).
Read moreCiti downgrades Centrica to 'neutral'
3rd Aug 2022 07:28
(Sharecast News) - Citi downgraded British Gas owner Centrica on Wednesday to 'neutral' from 'buy' following a 70%+ absolute share price performance since the beginning of last year.
Read moreCentrica delivers 'strong' H1 operational performance, adjusted earnings surge
28th Jul 2022 07:09
(Sharecast News) - Electric services company Centrica said on Thursday that it had delivered a "strong" operational performance in the six months ended 30 June, with adjusted earnings surging against a backdrop of "high and volatile" commodity prices.
Read moreCentrica pulls out of Bulb auction - FT
27th Jun 2022 07:42
(Sharecast News) - British Gas owner Centrica has pulled out of the auction for failed energy provider Bulb, leaving the UK government struggling to achieve a competitive bidding process, the Financial Times reported, citing people close to the sale process.
Read moreCentrica expands winter gas supply deal with Norway's Equinor
16th Jun 2022 11:25
(Sharecast News) - Centrica announced a major agreement with Norwegian state energy giant Equinor on Thursday, to deliver an additional one billion cubic metres of gas supplies to the UK for each of the next three winters.
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