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 [...]
British Gas owner Centrica to axe 700 management jobs in UK June 19, 2019 British Gas owner Centrica has confirmed it will slash up to 700 management and back office roles in the UK as part of a previously announced wave of job cuts. The latest losses will count towards the 4,000 job cuts figure announced in February 2018, which Centrica intends to complete by 2020. Read more: British [...]
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 [...]
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 [...]