Citi reiterates 'buy' rating on Centrica
16th Jun 2023 08:58
(Sharecast News) - Citi reiterated its 'buy' rating on British Gas owner Centrica on Friday as it argued that the stock's tepid share price performance in recent days despite the tailwind from a solid trading statement is a reflection of positioning rather than concerns on fundamentals.
Read moreBroker tips: Centrica, JTC
16th Jun 2023 07:21
(Sharecast News) - Citi reiterated its 'buy' rating on British Gas owner Centrica on Friday as it argued that the stock's tepid share price performance in recent days despite the tailwind from a solid trading statement is a reflection of positioning rather than concerns on fundamentals.
Read moreCentrica sees annual earnings at top end of expectations
13th Jun 2023 07:11
(Sharecast News) - British Gas owner Centrica said it expected annual earnings to be at the top end of expectations, driven by "significantly higher" profits at its retail division as customers struggle with soaring energy prices.
Read moreBroker tips: Centrica, BAT, Workspace
31st May 2023 14:15
(Sharecast News) - JPMorgan Cazenove said on Wednesday that British Gas owner Centrica remains a "top pick" as it lifted its price target to 140p from 130p and maintained its 'overweight' rating.
Read moreJPMorgan says Centrica remains 'top pick', lifts price target
31st May 2023 10:51
(Sharecast News) - JPMorgan Cazenove said on Wednesday that British Gas owner Centrica remains a "top pick" as it lifted its price target to 140p from 130p and maintained its 'overweight' rating.
Read moreUK energy firms holding on to £7bn in customer cash - Uswitch
26th Apr 2023 13:37
(Sharecast News) - Energy supply companies have been hammered for stashing almost £7bn of customers' money amid the crippling cost of living crisis.
Read moreHigh Court upholds sale of collapsed Bulb to Octopus Energy
31st Mar 2023 11:54
(Sharecast News) - The UK government's decision to sell failed energy firm Bulb to Octopus Energy was upheld by the High Court on Friday, after challenges were brought by Centrica's British Gas, E.ON, and Scottish Power.
Read moreBerenberg hikes target price on Centrica
24th Mar 2023 09:39
(Sharecast News) - Analyst at Berenberg hiked their target price on electric services company Centrica from 50.0p to 110.0p on Friday, stating the group's strong free cash flow yield had revived its dividend.
Read moreCentrica to extend life of two UK nuclear plants
14th Mar 2023 09:38
(Sharecast News) - Centrica announced plans to extend the lives of the Heysham 1 and Hartlepool nuclear power stations on Tuesday.
Read moreOfgem launches review of British Gas prepayment meter installations
21st Feb 2023 16:10
(Sharecast News) - Ofgem said on Tuesday that it has launched an investigation into Centrica's British Gas after it emerged that their subcontractors were breaking into homes to fit prepayment meters.
Read moreCiti reiterates 'buy' on Centrica after results
17th Feb 2023 07:33
(Sharecast News) - Citi reiterated its 'buy' rating on Centrica on Friday following a "strong" set of results a day earlier and as it highlighted the potential for further cash return to shareholders after the announced second tranche of share buyback.
Read moreBritish Gas owner Centrica posts record profit as energy bills soar
16th Feb 2023 07:21
(Sharecast News) - British Gas owner Centrica on Thursday reported record profits of £3.3bn, driven by soaring wholesale gas prices in the wake of Russia's invasion of Ukraine as Britons struggle with household energy bills.
Read moreSunday newspaper round-up: Brexit, Savings, British Gas
12th Feb 2023 21:01
(Sharecast News) - A cross-party summit that included both leavers and remainers has been held in high secrecy to address the failings of Brexit in the national interest. Also present were diplomats, defence experts and the heads of the largest businesses and lenders. A source said: "The main thrust of it was that Britain is losing out, that Brexit it not delivering, our economy is in a weak position," said the source. "It was about moving on from leave and remain, and what are the issues we now have to face, and how can we get into the best position in order to have a conversation with the EU about changes to the UK-EU trade and cooperation agreement when that happens?" - Observer
Read moreCentrica halts forced meter installations
2nd Feb 2023 11:02
(Sharecast News) - British Gas-owner Centrica has suspended the forced instalment of prepayment meters, after an investigation showed the homes of vulnerable customers were being broken into.
Read moreBritish Gas in heat pump sales push amid soaring energy costs
16th Jan 2023 13:12
(Sharecast News) - British Gas has started a price war for heat pumps as people look for alternatives to expensive gas boilers amid the cost-of-living crisis.
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