Centrica: UK Caythorpe Gas Storage Facility On Hold For Now
28th Jul 2010 10:07
LONDON (Dow Jones)--U.K. utility Centrica PLC (CNA.LN) said Wednesday it had decided not to proceed, at least for now, with its Caythorpe gas storage project in northern England due to regulatory uncertainty and reduced profitability. Centrica has also delayed an investment decision on the Baird
Read moreUPDATE:Centrica First-Half Operating Profit Up On Buys,Weather
28th Jul 2010 09:55
(Adds analyst comment, detail.) By Selina Williams Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. utility Centrica PLC (CNA.LN) Wednesday posted a 65% rise in adjusted operating profit for the first half of 2010, on cold weather and as profits from its retail energy supply business of
Read moreLondon open: Footsie higher after results flood
28th Jul 2010 08:47
London's blue chips have opened despite a mixed reception to some of the announcements on another busy day for company results. Banks are still going well after the reports yesterday that new capital requirements might be less onerous than previously expected. Royal Bank of Scotland and Barclays ar
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
28th Jul 2010 08:29
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0729 GMT [Dow Jones]--Centrica's (CNA.LN) 1H 2010 earnings seen neutral for shares, says Citi analyst Peter Atherton. "Th
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING -2-
28th Jul 2010 08:29
exceed PHP910 billion target; could increase by more than 10% from this year's collection goal of PHP860 billion. National Bank of New Zealand's Business Outlook survey showed NZ's July business confidence eased to net 27.9% of respondents expecting conditions to improve over next 12 months vs June'
Read moreMARKET TALK: Centrica 1H 2010 Results Seen Neutral -Analyst
28th Jul 2010 08:29
0729 GMT [Dow Jones]--Centrica's (CNA.LN) 1H 2010 earnings seen neutral for shares, says Citi analyst Peter Atherton. "The market expected good results and they delivered them," he says. Citi has a buy on the stock and a target of 310p. Centrica posted a 65% rise in adjusted operating profit for th
Read moreCentrica 1H Adjusted Operating Profit Up 65% On Buys, Weather
28th Jul 2010 07:53
By Selina Williams Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. utility Centrica PLC (CNA.LN) Wednesday posted a 65% rise in adjusted operating profit for the first half of 2010, as its profitable retail energy business offset lower commodity prices, and said results for the year would b
Read moreLondon pre-open: Solid start expected
28th Jul 2010 07:34
Traders expect London's blue chips to open around 16 points higher Wednesday morning on another busy day for company results. Centrica is heading for more controversy over energy prices after the British Gas owner's underlying interim profits jumped 65%. Earnings in the half-year to June rose by 65
Read moreCold snap boosts Centrica earnings
28th Jul 2010 06:58
Centrica is heading for more controversy over energy prices after the British Gas owner's interim profits jumped 65%. Earnings in the half-year to June rose to £886m from £537m on revenues of £11.7bn, barely changed from the previous year. Pre-tax profits rose from £448m to £2bn. A strong performa
Read moreWednesday preview: Centrica, BATs, Compass
27th Jul 2010 15:58
It's another busy day for results on Wednesday with Footsie stalwarts BG Group, BATs, Compass, Invensys, Rexam, Rolls-Royce, Sage and Centrica all fighting for attention. Centrica, which trades under the British Gas and Scottish Gas brands, is expected to have benefitted from a chilly winter in th
Read moreEARNINGS PREVIEW: Centrica 1H Oper Pft Seen Warmed By Winter
27th Jul 2010 13:30
Centrica (CNA.LN): 1H 2010 earnings Due: July 27 at 0600 GMT Dow Jones survey of three analysts Operating profit: GBP1.37B, +47% (GBP936M 1H 2009) NOTE: Centrica (CNA.LN) 1H operating profit is expected to be up on strong demand due to the cold winter, high domestic energy tariffs and low whol
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
26th Jul 2010 12:30
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1130 GMT [Dow Jones] Credit Suisse raises Centrica (CNA.LN) price target to 340p from 320p ahead of the company's 1H resul
Read moreMARKET TALK: Credit Suisse Raises Centrica Price Target
26th Jul 2010 12:30
1130 GMT [Dow Jones] Credit Suisse raises Centrica (CNA.LN) price target to 340p from 320p ahead of the company's 1H results due July 28. Says Centrica is still its preferred UK utility and notes its strong strategic positioning. Believes that through having the Venture platform, cost-cutting in Bri
Read moreCentrica, International Power Talk Over Power Stations Buy - Report
25th Jul 2010 13:46
LONDON (Dow Jones)--U.K.-based energy company Centrica PLC (CNA.LN) is in talks with electricity group International Power PLC (IPR.LN) over the purchase of power stations, the Mail on Sunday reports, without citing sources. Centrica is expected to confirm to the stock market Monday that it has
Read moreSunday newspaper round-up: BP, Virgin Active, Centrica
25th Jul 2010 10:20
BP is paving the way for the departure of Tony Hayward, its embattled chief executive, as it prepares to unveil this week the largest quarterly loss in British corporate history. A crucial board meeting tomorrow will decide Hayward's fate, according to insiders. The options are to announce his exi
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