Centrica plc American Depositary Receipt (CPYYY)
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.
Equinor, Centrica Strike 10-Year UK Gas Supply Agreement
EQNR inks a 20 billion euro deal with Centrica to supply 10% of UK gas demand for 10 years starting in 2025.
Centrica looks past a weaker start to the year as nuclear decision looms
Centrica PLC's (LSE:CNA) first-half earnings may have underwhelmed, but investors are being asked to look beyond the short-term noise. Despite a softer outlook for 2025, UBS has reaffirmed its 'buy' rating and nudged up its price target from 175p to 180p, suggesting more than 13% upside from the current share price of 159p.
Centrica to sell stake in North Sea Cygnus gas field for £215m
Centrica PLC (LSE:CNA) has agreed to sell nearly half of its stake in the Cygnus gas field in the southern North Sea for £215 million as the energy group continues to scale back its exposure to fossil fuel production and pivot towards low-carbon infrastructure projects. The deal, announced on Tuesday, involves the sale of a 46.25% interest in Cygnus by Spirit Energy, the oil and gas joint venture majority owned by Centrica.
Centrica backed by top investment bank despite earnings downgrade
Centrica PLC's (LSE:CNA) outlook remains attractive despite a weaker trading update last week, according to JP Morgan, which reiterated its “overweight” rating and highlighted upside potential from disciplined capital allocation. In a note to clients, analyst Pavan Mahbubani said the investment case for the British Gas owner remains intact, even as 2025 earnings expectations come under pressure.
Investment bank trims Centrica forecasts but sees Sizewell C as potential spark for upside
RBC has lowered its near-term earnings forecasts for Centrica PLC (LSE:CNA) following last week's annual general meeting, but maintains a constructive view on the stock. The Canadian bank cut its price target from 180p to 175p, retaining an 'outperform' rating, and pointed to the Sizewell C nuclear project as a potential catalyst that could support a rerating.
Centrica plunges after warning of lower profit in energy trading and storage
Shares in Centrica PLC (LSE:CNA) fell 7.6% as the British Gas owner reaffirmed its full-year 2025 profit and dividend guidance but warned of challenges in its energy trading business. British Gas Residential Energy has been impacted by warmer than usual weather in the second quarter but is expected to remain within its medium-term sustainable profit range for the year.
British Gas owner Centrica's update could be short but sweet, says analyst
British Gas owner Centrica PLC (LSE:CNA) is set to issue a trading statement on 8 May, with its shares up 15% so far this year and not far from six-year highs. Results in February helped lift the stock as the FTSE 100 group unveiled a new £500 million buyback and upped its dividend on the back of growing cash flows last year, despite flagging profit.
