|Bid||88.58 x N/A|
|Ask||88.64 x N/A|
|Day's range||88.58 - 92.10|
|52-week range||88.58 - 164.50|
|Beta (3Y monthly)||0.79|
|PE ratio (TTM)||27.68|
|Earnings date||30 Jul 2019|
|Forward dividend & yield||0.12 (13.21%)|
|1y target est||153.87|
Centrica originally announced last year that it would shed 4,000 jobs by 2020 , following a big fall in operating profits. The company said on Wednesday that the roles potentially affected were "non-customer facing" and the proposals included a reduction in management layers and back office functions. A Centrica spokesman said: "This difficult decision was made because we need to respond to the growing challenges we face.
Centrica originally announced last year that it would shed 4,000 jobs by 2020 , following a big fall in operating profits. Around 65% of the savings would be in operating costs and around £350m will be in the British Gas consumer division, which will see "further digitisation", the company said at the time. The company said on Wednedsay that the roles potentially affected were "non-customer facing" and the proposals included a reduction in management layers and back office functions.
Spanish utility Iberdrola will this week launch an Irish retail business and plans to invest over 100 million euros ($112 million) in renewable energy and storage projects in Ireland and Northern Ireland by 2025, it said on Tuesday. "We have had renewable generation in Ireland for over 20 years so moving into retail is a logical step," Colin McNeill, CEO retail Iberdrola Ireland and Iberdrola's UK arm ScottishPower said in an interview.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Hurricane Energy has announced first oil at its Lancaster field off Scotland, the first such success for so-called fractured basement reservoirs in Britain and a major milestone for the company within its guided schedule. Hurricane specialises in recovering oil from fractures in hard and brittle rock known as fractured basement reservoirs, which some see as a risky way to obtain crude. "Lancaster is the UK's first producing fractured basement field and the fact that Hurricane has delivered this industry milestone on time and within budget is an incredible achievement," said Robert Trice, Hurricane chief executive.
Harvey Jones says the price may finally look right for energy giant Centrica plc (LON: CNA), but it's still risky.
The outlook for these FTSE 100 (INDEXFTSE:UKX) companies is deteriorating rapidly and Rupert Hargreaves would sell before it's too late.
With FTSE 100 (INDEXFTSE: UKX) dividend yields starting to soften, is it time to snap up Centrica plc (LON: CNA) shares before it's too late?
IBM and British start-up Cera Care plan a six-month pilot to test whether lidar laser sensors, used to help self-driving cars "see", can enable elderly people to stay in their homes for longer - without compromising privacy. Lidar systems that work by using laser light pulses to render fine-grained images of surroundings, have typically been used to make high-resolution maps, catch speeding motorists and more recently help automated cars navigate through the streets. Jack Narcotta, a senior smart home analyst at Strategy Analytics, said lidar lasers were one of the more advanced solutions for elderly monitoring, but were still in the very early stages.
British utility stocks are trading at a growing discount to euro zone peers as investors fear the country's deepening political crisis could trigger a general election that ushers in renationalisation of the industry, worth $76 billion (£59.9 billion). The opposition Labour Party has said it wants to nationalise energy and water infrastructure if it can oust Prime Minister Theresa May's Conservatives from power, reversing decades of pro-privatisation policies. Simon Webber, lead portfolio manager on the global and international equities team at Schroders said those fears were "another overhang" for utilities, already subject to a discount like other UK assets because of Brexit uncertainty.
Should I buy or sell British Gas-owner Centrica plc (LON:CNA) after the FTSE 100 (INDEXFTSE:UKX) utility has slumped to new multi-decade lows.
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German energy group Innogy, which is being broken up by parent RWE and rival E.ON, on Tuesday said operating profit fell more than a fifth in the first quarter as it continued to lose customers in Britain. "In the company's UK retail business ... the persistently poor market environment resulted in a decline in customer numbers," Innogy said on Tuesday, keeping its 2019 outlook. In Britain, Innogy lost 103,000 customers in the first three months.
Another day, another chilling set of financials from Centrica plc (LON: CNA). Royston Wild asks: why take a chance on this battered stock when you can buy this FTSE 100 (INDEXFTSE: UKX) star instead?
The FTSE 100 ended down 0.6% while the FTSE 250 tumbled 1.2% on Monday, led by a slump in Metro Bank. The breakdown last week has not proved temporary and it seems China is prepared to go toe-to-toe with the U.S. on this," markets.com analyst Neil Wilson said. Vodafone tumbled 5.2% on its worst day in nearly five years after The Times reported that the world's second-biggest mobile operator was set to slash dividends to pay for auctions for mobile phone airwaves in Germany and Italy.
British Gas owner Centrica has revealed a fresh customer exodus at the start of the year and warned that a "challenging trading environment" will put further pressure on its annual performance. The FTSE 100 company said it lost 234,000 UK home energy supply accounts in the first four months of 2019, partly blamed on changes to the government's energy price cap. Centrica said in a trading update that its performance was hit by a "specific set of external factors" including the price cap as well as warmer than usual weather and falling UK natural gas prices.
By Muvija M and Shashwat Awasthi (Reuters) - UK blue-chip stocks rose slightly on Friday, recouping the session's losses as mining stocks gave investors something to cheer about at the end of a largely ...
Centrica plc (LON: CNA) shares are at an 11-year low. Roland Head explains why he's still holding this FTSE 100 (INDEXFTSE: UKX) faller.
FRANKFURT/LONDON (Reuters) - E.ON and Centrica, two of Britain's so-called "big six" energy providers, warned on Monday of a toughening retail market, raising the chance of cost cuts in response to falling profits. Britain's major energy utilities have faced competition from small, more flexible rivals entering the fray while the government has put a cap on electricity prices, causing several companies to cut their earnings outlooks. "We will have to talk to the regulator," E.ON finance chief Marc Spieker told journalists on Monday after reporting first-quarter results and flagging cost cuts at its British unit, where profits fell by 60 percent.
Britain's FTSE 100 edged up on Monday, led by oil heavyweights and as investors flocked to defensive stocks on concern over the stand-off in Sino-U.S. trade negotiations. The FTSE 100 was up 0.1% by 0720 GMT while the FTSE 250 was down 0.5%. Interest in stocks considered safe bets during uncertain times was high as trade negotiations between Washington and Beijing seemed to be at a deadlock.
The company, whose British Gas unit is Britain's largest energy supplier, said these factors would impact financial performance in the first half of 2019, but maintained its full-year outlook for operating cash flow and net debt. The company said it expects to achieve 2019 adjusted operating cash flow in the 1.8-2 billion pound range but said the tough trading conditions would put pressure on the outlook for the year.