Centrica 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.
Read moreRBC ups price target on Centrica
16th May 2022 13:40
(Sharecast News) - RBC Capital Markets has reiterated its 'outperform' rating on Centrica, as it upped its price target.
Read moreRBC Capital Markets hikes target price on Centrica
16th May 2022 13:39
(Sharecast News) - Analysts at RBC Capital Markets raised their target price on energy services firm Centrica from 90.0p to 125.0p on Monday, citing "exceptional" mid-term cashflow generation and free cash flow yields of roughly 20-25%.
Read moreCentrica FY adjusted EPS seen at top end of expectations
10th May 2022 07:26
(Sharecast News) - Energy services business Centrica said on Tuesday it expected full-year adjusted earnings per share to be at the top end of analyst expectations after a strong performance in the first four months of 2022.
Read moreSunday newspaper round-up: Twitter, British Airways, Russian oil imports
25th Apr 2022 00:05
(Sharecast News) - Relations between Twitter and and Elon Musk may be thawing if reports that the former is taking a fresh look at the technology magnate's £33bn takeover offer is anything to go by. According to the Wall Street Journal, the two sides were set to meet on Sunday to discuss the deal and Twitter's board was now said to be "more receptive to a deal". - Sunday Telegraph
Read moreUK energy firm websites crash as customers rush to get readings in
31st Mar 2022 13:23
(Sharecast News) - Britons bracing for a 54% rise in energy prices were given an extra dose of pain on Thursday as the websites of several energy suppliers crashed before they could submit readings ahead of a midnight deadline.
Read moreCentrica to exit gas supply agreements with Russian counterparts, including Gazprom
2nd Mar 2022 09:42
(Sharecast News) - UK energy outfit Centrica announced that it would exit its gas supply agreements with its Russian counterparts, mainly gas giant Gazprom.
Read moreEvraz and Polymetal to leave FTSE 100, Howden set to join
1st Mar 2022 10:46
(Sharecast News) - Evraz and Polymetal International will drop out of the FTSE 100 after the shares were hammered by Russia's invasion of Ukraine with Howden Joinery ready to join the index of top public companies.
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