British Gas owner Centrica wins Ofgem appeal over energy price cap November 13, 2019 The High Court ruled in favour of British Gas owner Centrica’s appeal against the way that Ofgem calculated part of its energy price cap today. The decision means that Ofgem will have to make adjustments to the price cap. Read more: British gas owner Centrica shares fall to 20 year low as it warns over [...]
Consortium led by Dalmore in talks to buy stake in UK’s £6bn nuclear power stations September 14, 2019 A consortium is in talks to buy a 20 per cent stake in the UK’s nuclear power stations. Dalmore, Equitix and GLIL Infrastructure are the funds closing in on a deal for a share in the power stations, which are valued at about £6bn, according to Sky News. Read more: Energy group Wood to sell [...]
Chart: Departing CEO oversaw a 73 per cent drop in Centrica’s share price July 30, 2019 Iain Conn marked his departure from British-Gas owner Centrica this morning by slashing the dividend and launching an attack on the government’s energy price cap. The price cap was brought in at the start of 2019 to save consumers money. Read more: How long will luck last for Centrica’s 13% dividend yield? Conn said this [...]
British Gas owner Centrica ‘to cut dividend and sell off oil and gas business’ July 21, 2019 Centrica is said to be planning to cut its dividend and start looking for a buyer for its oil and gas business. The British Gas owner is reportedly planning to cut its payout in a bid to keep its credit rating. It would join the likes of Vodafone, Marks & Spencer and BT in doing [...]
FTSE 100’s best and worst performers in 2019 so far July 10, 2019 | City Talk By Graeme Evans from interactive investor. The blue-chip index jumped over 10 per cent in the first half of this year, but which one surged 68 per cent? It’s been a year of widespread and significant gains in the FTSE 100 index, with blue-chip stocks surging by as much as 68 per cent during the first half of 2019. [...]
Centrica launches new tariff for business customers to charge their electric cars May 28, 2019 British Gas owner Centrica has launched a new power tariff for business customers looking to charge their electric vehicles as the UK prepares for the switch to plug-in cars. More than three quarters of businesses plan to start shifting towards electric vehicles (EVs), Centrica said today as it launched an EV product aimed specifically at companies. Read [...]
How long will luck last for Centrica’s 13% dividend yield? May 23, 2019 | City Talk Times are hard and the yield screams danger, but Centrica has not cut the payout. Next results are key. The press was awash with stories predicting a nasty cut to Vodafone (LSE:VOD) dividend before it published full-year results. Few would be surprised. But BT (LSE:BT.A) kept shareholders on side by committing to its generous payout, and Centrica (LSE:CNA), one of [...]
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 [...]
British Gas-owner Centrica faces calls for shareholder revolt amid chief exec pay furore May 12, 2019 Centrica shareholders will head into the British Gas-owner’s annual meeting (AGM) tomorrow amid a clamour to reject chief exec Iain Conn’s £740,000 pay rise. Read more: Centrica shares hit 20-year low as it warns of energy price cap hit Despite a torrid 2018 in which Centrica lost around six per cent of its customers, Conn’s [...]