Centrica plc American Depositary Receipt (CPYYY)
Centrica profits tumble but dividend up and buyback extended
Centrica's profits tumbled in its latest as gas prices normalised and the bumper profits it made from the energy cap washed through. Striping those exceptional gains out profits still halved to £1 billion (£2.1bn), but the British Gas owner upped its interim dividend by 13% to 1.5p and extended its share buyback by £200 million cash balances rose to £3.2 billion.
British Gas owner Centrica's balancing act under shareholder gaze
Investors will be eager to dissect Centrica PLC (LSE:CNA)'s shareholder returns policy when the British Gas owner publishes an interim trading update next week. Centrica has been walking a tightrope between committing to investor returns and diverting cash flow to value-enhancing energy projects.
What Makes Centrica (CPYYY) a New Buy Stock
Centrica (CPYYY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Travis Perkins, AFC Energy, Centrica among companies set to benefit from a Labour election win
Travis Perkins (LSE:TPK), AFC Energy, Capita and Centrica were among the companies that analysts reckon could benefit from a potential Labour victory in next week's general election. UK stock market performance around the previous eight UK general elections has been volatile, analysts at RBC Capital Markets pointed out, having drilled through the data going back to the 1992 election won by John Major.
British Gas owner Centrica backs £300m cooled air power project
British Gas owner Centrica is backing a £300 million pioneering project that uses cooled air to generate electricity. Centrica will invest £70 million into the plant at Highview, a site in Carrington near Manchester, an area where the premier league team Man United's training ground is based.
British Gas owner Centrica says earnings in-line with forecasts
British Gas owner Centrica PLC (LSE:CNA) said its performance so far this year has been in line with analyst expectations, with a "more normalised" market backdrop as gas prices retreat from the highs following the Ukraine invasion. Ahead of its annual general meeting today, the FTSE 100 company said full-year adjusted earnings per share are expected to be in-line with consensus analyst expectations, which currently stands at 18.3p.
