Centrica 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 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 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 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
Read moreUPDATE: Faroe Petroleum Soars On Norway Discovery
22nd Jul 2010 13:42
(Adds detail, executive and analyst comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil and gas explorer Faroe Petroleum PLC (FPM.LN) Thursday said it struck oil at an exploration well in the Norwegian North Sea, sending its shares sharply higher. Faroe said an
Read moreFaroe Petroleum Makes Discovery In Norwegian North Sea
22nd Jul 2010 07:42
LONDON (Dow Jones)--Oil and gas explorer Faroe Petroleum PLC (FPM.LN) Thursday said it struck oil at an exploration well in the Norwegian North Sea. Faroe said an initial analysis of the Maria prospect indicates between 75 million and 155 million barrels of oil equivalent could be recovered.
Read moreCentrica Hires Former Morgan Stanley Trader Banned By FSA - FT
10th Jul 2010 11:35
LONDON (Dow Jones)--Centrica PLC (CNA.LN), an integrated energy company and owner of British Gas, has hired David Redmond, the former Morgan Stanley trader banned by the Financial Services Authority last year after placing alcohol-fueled rogue bets in the oil market, the Financial Times reported Sat
Read moreCentrica: Test Well At Cygnus Gas Field Successful
7th Jul 2010 10:57
LONDON (Dow Jones)--U.K.-based energy company Centrica PLC (CNA.LN) Wednesday said the second appraisal well at the U.K. North Sea's Cygnus gas field confirms good characteristics of the reservoir. "This is potentially one of the most significant undeveloped gas fields in the U.K. continental sh
Read moreMARKET TALK: ABB, Credit Suisse Among Top Execution Nobel Picks
6th Jul 2010 11:18
1018 GMT [Dow Jones] Execution Nobel's top European picks going into the third quarter are ABB (ABB), Aviva (AV.LN), Cable & Wireless (CWC.LN), Centrica (CNA.LN), Credit Suisse (CS), Finmeccanica (FNC.MI), H&M (HM-B.SK), Lloyds (LYG), Mitchell & Butlers (MAB.LN), Prysmian (PRY.MI), Reed Elsevier (EN
Read moreUPDATE: Ceres Power's Boiler Trials Meet Another Delay
2nd Jul 2010 11:23
(Adds detail, analysts' comments, share price) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Fuel cell company Ceres Power Holdings PLC (CWR.LN) Friday announced another delay to the trial of its combined heat-and-power boilers in people's homes, which will stall the unit
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