Centrica plc American Depositary Receipt (CPYYY)
We should have more energy storage in the UK, says Centrica CEO
Chris O'Shea, the CEO of Centrica, discusses the energy firm's financial results.
British Gas owner Centrica surges as £500mln buyback unveiled
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.
UK utility Centrica keeps 2025 forecast, plans share buyback
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.
Centrica update expected to bring Sizewell commentary as final decision nears
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 'concerningly low', Centrica says
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.
Centrica price target lowered to 175 GBp from 190 GBp at Barclays
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.
British Gas owner Centrica begins additional £300mln buyback
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.
British Gas owner Centrica boosts share buyback programme by £300mln
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 could raise outlook alongside meter 'teach-in' – analyst
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.
Centrica needs to hand out more cash to revive share price, Jefferies suggests
British Gas owner Centrica PLC (LSE:CNA) ticked higher after analysts Jefferies said the recent weakness in the share price has been overdone with all its key operational metrics expected to rise this year. The US bank said it has upgraded forecasts this year for underlying profits/earnings forecasts by 4%/3% on the assumption of marginally higher nuclear power output, gas consumption volumes and commodity prices compared to August.
Britain's Centrica signs 10-year US gas deal with Coterra
British utility Centrica and U.S. producer Coterra Energy have entered into two gas sale and purchase agreements, which will reduce market risk in Centrica's liquefied natural gas (LNG) portfolio, Centrica said on Wednesday.
Bosses from Centrica and other energy firms to meet minister over vulnerable households support
Bosses from Centrica PLC (LSE:CNA), EDF, Octopus Energy and other energy companies are meeting a government minister today to discuss measures to support vulnerable households this winter. Representatives from industry bodies including Energy UK, Ofgem and Citizens Advice will also participate in the discussions with energy communities minister Miatta Fahnbulleh.
