Centrica plc American Depositary Receipt (CPYYY)
British Gas owner Centrica sells three 'non core' businesses
Centrica PLC has completed the sale of three non-core energy solutions businesses in Europe for more than £80 million as the British Gas owner sharpens its focus on higher growth areas. The FTSE 100 company said its energy solutions operations in Italy and the Netherlands have been sold to Joulz, a portfolio company of 3i Infrastructure PLC.
RBC sees earnings momentum and capital discipline driving upside at Centrica
Broker lifts target as services growth, smart meters and infrastructure optionality underpin medium-term value creation RBC Capital Markets has reiterated its 'outperform' rating on Centrica PLC (LSE:CNA), raising its price target to 215p, as it argues the group is entering a period of improving earnings quality, stronger visibility and attractive capital returns. The analysts highlight a combination of operational discipline, capital allocation strength and multiple medium-term catalysts that are not fully reflected in the current valuation.
Centrica's Spirit sells North Sea assets to Serica Energy
British Gas owner Centrica PLC (LSE:CNA) will get £39 million after its majority-owned Spirit Energy sold its final 15% interest in the Cygnus gas field, along with all other producing assets in the Greater Markham Area and Southern North Sea, to Serica Energy for a total transaction value of approximately £98 million. The deal includes £57 million in headline consideration and the transfer of £41 million in decommissioning liabilities.
Centrica set to benefit if UK provides funding to extend life of nuclear reactors
UBS said Centrica PLC (LSE:CNA) has upside potential from a UK government consultation that could extend the life of existing nuclear assets via the Contracts for Difference (CfD) scheme. The UK government yesterday published a consultation on offering CfDs for existing reactors.
Centrica hails life extensions to two nuclear plants
British Gas owner Centrica PLC (LSE:CNA) hailed the one-year life extensions of the Heysham 1 and Hartlepool nuclear power stations, where it holds a 20% stake. Both plants are now expected to operate until March 2028, with the extensions expected to add three terawatt-hours (TWh) of electricity generation between 2026 and 2030.
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.
