Here is how Centrica PLC (CPYYY) and RWE AG (RWEOY) have performed compared to their sector so far this year.
Centrica PLC subsidiary British Gas has been named the country's worst energy supplier in terms of customer service. Consumer group Which?
British Gas owner Centrica PLC chalked up a 3% gain on Friday as Citi analysts commended the energy firm's full-year results. Citi reiterated a ‘buy' rating, flagging “stellar” results that saw shareholder returns hiked and showed balance sheet efficiency, earnings visibility and stability, alongside clarity on growth.
Chris O'Shea, the CEO of Centrica, discusses the energy firm's financial results.
British Gas owner Centrica PLC has unveiled a new £500 million buyback and upped its dividend after growing net cash last year despite flagging profit. An additional £500 million worth of shares would be repurchased to take its current buyback programme to £2.0 billion, the energy firm said in results on Thursday.
Centrica maintained its forecast for 2025 on Thursday and announced a share buyback of 500 million pounds ($629.70 million) as the British Gas owner announced its results for last year.
British Gas owner Centrica PLC (LSE:CNA) reports full-year results on 20 February, with analysts expecting steady performance in line with its five-year trend of stable or upgraded earnings. The FTSE 100-listed group has provided more clarity on how it will invest its excess capital -- with share buybacks extended to September 2025 -- but analysts at UBS said the "key" is for the company to confirm terms and a decision on the Sizewell 'C' nuclear plant.
Britain's gas storage levels are "concerningly low" with less than a week of gas demand in store following a cold snap, Centrica , operator of the country's largest gas storage site, said on Friday.
Barclays lowered the firm's price target on Centrica to 175 GBp from 190 GBp and keeps an Overweight rating on the shares. The firm says European utilities "remain in the foothills of a super-cycle." Regulated is now Barclays' preferred sub-sector and generators earnings "continue to unwind," the analyst tells investors in a research note. Barclays sees possible upside surprises from balance sheet clarity, low European expectations and capacity payments.
Centrica PLC (LSE:CNA) has begun buying back an additional £300 million worth of shares to take repurchases to £1.5 billion since November 2022. British Gas owner Centrica on Friday noted the buyback extension would be completed by September 2025 and see approximately 4.6% of its issued shares repurchased.
Centrica PLC (LSE:CNA) has announced a £300 million extension to its share buyback programme ahead of an investor event on Tuesday. Additional repurchases would mean the British Gas owner had bought back £1.5 billion worth of shares, or 20% of its issued capital, since November 2022, a statement said.
Centrica PLC (LSE:CNA) will hold an investor 'teach-in' on 10 December to try and highlight the attractions of its nascent smart metering business and some analysts expect the British Gas owner will also provide a trading update on the day. The FTSE 100 group is expected to hike its outlook for the full year, said UBS, thanks to supportive trends in commodity prices, particularly natural gas, and the company's improved risk management in trading operations.