British Gas owner Centrica’s shareholders say yes to chief executive’s £740,000 pay rise in ‘challenging’ conditions May 13, 2019 Shareholders expecting their dividends to be slashed this year clubbed through a 44 per cent pay rise for Centrica’s chief executive today despite company’s disappointing performance. Conn has overseen a two-thirds drop in share prices, to a 20-year low, since stepping into the role while the British Gas owner is haemorrhaging customers to other suppliers. [...]
British Gas owner Centrica ‘may slash dividend’ after challenging start to the year May 13, 2019 Analysts warned that a dividend cut is on the horizon at British Gas owner Centrica after several external factors hit performance in the opening months of 2019. Centrica said that the government’s new energy price cap had dented its figures, including a one-off £70m impact in the first quarter. Read more: British Gas owner Centrica [...]
Mike Ashley among Debenhams shareholders wiped out April 18, 2019 | City Talk By Graeme Evans from interactive investor. One of the most intriguing City soap operas is over for investors as lenders seize control of Debenhams. The fight for survival at Debenhams (LSE:DEB) stores goes on, but for investors the suspension of shares signalled the final act in a grim 13 years of stock market trading. The [...]
Lloyds Bank stars as FTSE 100 rockets in Q1 April 9, 2019 | City Talk By Graeme Evans from interactive investor. After a great first quarter for stock markets, we assess the best and worst blue-chips of 2019 so far. It’s been a storming start to 2019 for the FTSE 100 index, with popular interactive investor stocks including Lloyds Banking Group (LSE:LLOY), Next (LSE:NXT) and Tesco (LSE:TSCO) among those on [...]
Boss of British Gas owner gets £700,000 pay rise a week after hiking bills by 10 per cent April 8, 2019 The head of British Gas owner Centrica boosted his pay cheque by £740,000 last year, it has been revealed just a week after the firm upped prices for millions of customers. Iain Conn, who has led London-listed Centrica since 2015, was paid £2.42m in 2018, up from £1.68m the year before. Read more: Ofgem price cap: What [...]
Hedge funds take out £86m bets against British Gas owner Centrica March 31, 2019 Hedge funds are taking out record bets against British Gas owner Centrica as the energy sector faces challenges from Ofgem’s price cap. The cap, which increases from tomorrow, has put pressure on suppliers’ margins. Read more: UK must decarbonise heating, Centrica boss says Disclosed so-called short positions in the Big Six energy supplier have risen [...]
UK must decarbonise heating, but not through hydrogen, Centrica boss says after government commitment March 19, 2019 Britain and other countries must remove carbon from their heating and cooling, British Gas owner Centrica said today, but warned a move to make the gas grid run on hydrogen is “unlikely to be practical”. Centrica chief executive Iain Conn said natural gas would be “crucial” in the transition to reducing carbon emissions, and that Britain [...]
Ofgem price cap: What to do if your energy bills shoot up February 21, 2019 Around 11m customers are facing higher energy bills from April, as SSE became the last of the Big Six energy suppliers to hike tariffs this morning. The energy firms have said that they need to put up prices as they are squeezed by higher wholesale costs. Read more: Households told to cough up as Ofgem [...]
British Gas owner Centrica sees shares fall to 20-year low as it warns of energy price cap hit to cash flow February 21, 2019 The owner of British Gas grew profits last year, but shares dropped 11 per cent this morning to a 20-year low as the company warned a new energy price cap will impact cash flow. The figures Revenue grew six per cent year on year to £29.7bn at Centrica and adjusted operating profit was up 12 per cent to [...]
Earnings are electric at Scottish Power owner February 21, 2019 Spain's Iberdrola has said it will bring forward its growth plans by a year after profits rocketed. The Scottish Power owner said it now expects to hit 2022 targets, including net profit of €3.5bn to €3.7bn (£3bn to £3.2bn), by 2021. The supplier, is on a major investment spree, having poured €4.1bn into its networks and renewables business. [...]