Centrica plc American Depositary Receipt (CPYYY)
Leading investment bank hails Centrica's £1.48bn Grain LNG deal as “good value” with long-term earnings boost
Citi has backed Centrica PLC's (LSE:CNA) purchase of a stake in the Grain liquefied natural gas terminal, calling the deal “good value” and supportive of long-term earnings. Centrica will acquire 50% of National Grid's Grain facility in a joint venture with Energy Capital Partners, valuing the asset at £1.48 billion including debt.
Centrica higher after £1.66bn Grain LNG is welcomed by analysts
Centrica PLC (LSE:CNA) shares gained 2% after analysts pointed to the potential upside from its planned purchase, alongside Energy Capital Partners, of National Grid's Isle of Grain LNG terminal for £1.66 billion. The terminal earned £163 million in operating profit (before interest, tax, and other charges) in the year to March 2025, meaning Centrica would be paying roughly nine times that annual profit.
Centrica, Energy Capital Partners to buy National Grid's LNG terminal for $2 billion
British Gas owner Centrica said on Thursday it will be jointly buying National Grid's Grain LNG terminal with U.S.-based infrastructure investor Energy Capital Partners for an enterprise value of about 1.5 billion pounds ($2.04 billion).
Centrica price target lifted after Sizewell C deal
RBC has raised its price target on Centrica PLC (LSE:CNA) shares from 175p to 200p and reiterated its 'outperform' rating, citing the group's move to take a 15% stake in the Sizewell C nuclear project as a key catalyst for long-term value. The broker says the Sizewell C deal offers “a highly attractive agreement” for Centrica, with strong, low-risk returns and limited execution risk.
Centrica: Predictable growth, Cash, and a fresh look for investors
Citi sees plenty of reasons to stay positive on Centrica PLC (LSE:CNA), even though the company faced some headwinds in the first half of the year. Yes, profits at Centrica Energy were softer and a mild winter weighed on the residential business.
Centrica hikes dividend despite plunge in profit
Centrica PLC (LSE:CNA) shares fell 1.2% after the British Gas owner reported lower profits and cash flow in the first half of the year, but increased its interim dividend 22% as it felt this was a resilient performance in a challenging market. Adjusted EBITDA of £0.9 billion was down 36% from the prior year, while adjusted operating profit roughly halved to £549 million.
Centrica jumps after Sizewell C nuclear plant investment confirmed
Shares in Centrica PLC (LSE:CNA) jumped 4% after the government gave the green light to build Sizewell C nuclear power station, with the owner of British Gas committing £1.3 billion of investment. The new total cost to build the plant has been put at £38 billion, which will be split between consumers, taxpayers and private investors.
Sizewell C nuclear plant gets final investment go-ahead, with Centrica taking 15% stake
Downing Street has approved the final investment decision to go ahead with the Sizewell C nuclear plant, where British Gas owner Centrica PLC (LSE:CNA) has agreed to acquire a 15% equity stake. A funding model has been agreed that the government said spreads the estimated £38 billion cost of constructing the 3.2 gigawatt nuclear power station in Suffolk between consumers, taxpayers and private investors.
Centrica poised to take 15% stake in Sizewell C nuclear project
Centrica PLC (LSE:CNA) is preparing to acquire a 15% stake in the Sizewell C nuclear power station, according to reports. The British Gas owner has been in talks for several months over a potential investment in the Suffolk-based plant, which is backed by French utility EDF and the UK government.
BP shortlists former Centrica chief Laidlaw as potential chair, Sky News reports
BP is considering Sam Laidlaw, the former chief executive of British Gas owner Centrica , as a leading candidate to succeed Helge Lund as chair, Sky News reported on Saturday.
Reading the runes: Is the tide turning for Centrica and what's happening with SSE?
Recent analysis from UBS reveals significant shifts in investor positioning within the European utilities sector, highlighting notable changes for UK-listed companies SSE PLC (LSE:SSE), Centrica PLC (LSE:CNA), Drax Group (LSE:DRX), United Utilities Group PLC (LSE:UU.), and Pennon Group PLC (LSE:PNN, OTC:PEGRY).
Is Centrica (CPYYY) Stock Outpacing Its Utilities Peers This Year?
Here is how Centrica PLC (CPYYY) and Sabesp (SBS) have performed compared to their sector so far this year.
