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LON100:CNA, Feb 22, 03:04 UTC

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Bord Gáis Energy profits fall to €50m despite positive revenues

CNA

SHARES in UK energy giant Centrica, which owns Bord Gáis Energy, sank as much as 12pc yesterday as it warned that a cap on UK energy prices will hit its cash flow. The group also said that profits at Bord Gáis Energy fell 6pc to £44m (€50.7m) as it was impacted by an extended and planned maintenance outage of its power station in Whitegate. However, it said that its Irish unit had performed well overall in 2018. Along with other energy providers in Ireland, Bord Gáis Energy raised its prices last year, increasing its gas prices by 4.7pc in August, and its electricity prices by 5.8pc. Centrica said a regulator-imposed cap on standard UK energy prices would lead to a £300m (€345.5m) hit to profits in 2019, including a one-off impact of about £70m (€80.6m) in the first quarter.

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independent.ie
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Breaking: Centrica (LON:CNA) "Hold" Rating Kept by Jefferies Today; The Target Price per Share is Set to GBX 125.00

CNA

Acadian Asset Limited Liability Corporation holds 0.03% of its portfolio in Centrica plc (LON:CNA) for 155,338 shares. In an analyst report revealed to investors on Thursday, 21 February, Centrica (LON:CNA) shares have had their “Hold” Rating reiterated by research professionals at Jefferies. Among 12 analysts covering Centrica PLC (LON:CNA), 3 have Buy rating, 4 Sell and 5 Hold. Therefore 25% are positive. Centrica PLC had 31 analyst reports since August 23, 2018 according to SRatingsIntel. As per Friday, November 2, the company rating was maintained by Credit Suisse.

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whatsonthorold.com
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Boss of British Gas owner Centrica in line of fire as shares sink to a 16-year low

CNA

The sell-off was triggered by a warning that its profits and cash flow will be lower than anticipated this year, raising concerns over future dividend payments. Although the energy giant reported a 12 per cent rise in profits to £1.4billion and 6 per cent rise in revenues to £29.7billion for 2018, it said the energy price cap introduced by regulators will dent its fortunes in 2019, piling pressure on under-fire chief executive Iain Conn. Analysts warned that the dividend – which was held at 12p a share in 2018 – is under threat. It is a hangover from British Gas's privatisation in 1986 under Margaret Thatcher when an estimated 1.5m individual investors bought stock after the 'Tell Sid' advertising campaign which encouraged everyday Brits to put their money into the firm. Laith Khalaf, senior analyst at Hargreaves Lansdown, said: 'All the 'Sids' out there who still hold Centrica shares won't be best pleased with the performance in the last few years, and with the dividend under pressure there could be further bad news in the pipeline.'. Michael Hewson, chief market analyst at derivatives dealer CMC Markets, said: 'If Iain Conn has a long term plan for Centrica it's difficult to imagine how much worse it could have gone if the share price direction has been any guide since he took over.'. Asked about the slump in shares on his watch, Conn said: 'I don't think it's my job to tell retail shareholders what to think.

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thisismoney.co.uk
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Centrica plc (LSE:CNA)’s Portfolio Darling or Leech?

CNA

Centrica plc (LSE:CNA) of the Gas, Water & Multiutilities sector might have recently popped up on investor’s radars as the 10209208 market cap company based out of Great Britain recently closed at 1.372000. The key for investors will be to try and locate the winners in the space and find the companies that are either creating new technology or adapting to it rapidly. So how has Centrica plc (LSE:CNA) performed in terms of returns? This indicator tells you how a company is currently valued in terms of Book to Market compared to its average Book to Market over the past 10 years. The Great Britain based firm is currently valued at 35706. Some other notable ratios include the Accrual Ratio of -0.024690, the Altman Z score of 2.180416, a Montier C-Score of 2.00000 and a Value Composite rank of 14.

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augustareview.com
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Jefferies Financial Group Reiterates “Hold” Rating for Centrica (CNA) – Baseball Daily News

CNA JEF

Centrica (LON:CNA)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Thursday. They presently have a GBX 125 ($1.63) price target on the integrated energy company’s stock. JPMorgan Chase & Co. cut their price target on shares of Centrica from GBX 190 ($2.48) to GBX 170 ($2.22) and set an “overweight” rating for the company in a research note on Tuesday, December 11th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company.

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Centrica plc (LON:CNA) Ratings Summary on Feb 21, 2019

CNA

During 2018 Q3 the big money sentiment decreased to 0.88. 23 investors sold all, 65 reduced holdings as Centrica plc ratio dived. Price T Rowe Associate Md has 0.03% invested in Centrica plc (LON:CNA) for 5.05 million shs. On Friday, October 26 the stock of Centrica plc (LON:CNA) has “Buy” rating given by Berenberg.

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enbulletin.com
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Centrica Expands Smart Home Energy Management Offerings, Targets the US Market

CNA

U.K. energy company Centrica has confirmed it intends to bring new home energy management options to the U.S. market after making key investments this month. Sam Salisbury, director of Centrica Innovations Labs, told GTM the company would look to test the packages in the U.S. later this year, with a view to commercial launch in 2020. Centrica also made a smaller investment in Mixergy, a spin-out company from the University of Oxford's Energy and Power Group, which is touting a smart hot water tank concept that helps homeowners save energy and reduce power bills. They are aimed at giving Centrica access to energy management and smart boiler technology as part of a wider vision to create homes that could consume 70 percent less power from the grid than at present, Salisbury said. As part of this vision, Centrica is also looking to engender partnerships with solar and battery vendors in the U.K. and the U.S. Other elements in the Centrica smart home concept include residential EV charging points, heat pumps and connected appliances.

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greentechmedia.com
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Russia’s Gazprom Neft says 2018 net profit up 49%

CNA AAL +1 more CNA AAL TMUS

Gazprom Neft, the oil arm of Russian gas producer Gazprom, yesterday reported a 48.7% jump in 2018 net profit to 376.7bn roubles ($5.8bn) buoyed by higher prices and output.Russia’s fastest-growing oil producer by output, Gazprom Neft said it expects production to rise by 2% this year despite a global deal to curb production.Output in 2018 rose 3.5% to 688.4mn barrels of oil equivalent, or 92.88mn tonnes.It reiterated a hydrocarbon production target of 100mn tonnes of oil equivalent by 2020 and expects oil prices of around $60 per barrel through to 2030 in its base scenario.Gazprom Neft reported a 45.1% jump in 2018 adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to 799.5bn roubles.Revenue rose by 28.7% to 2.49tn roubles on production, including shares in joint ventures. OTE said it will benefit from investments in advanced fixed and mobile telephony networks and stabilising revenue in Romania following one-off provisions and restructuring plans.Strong cash flow will raise payouts to shareholders, it said.OTE will pay a dividend of €0.46 per share on 2018 profit, up 31% rise compared to a year earlier.Heavy spending on new high-speed VDSL broadband services and a fast growing pay-TV business in Greece, where it generates about 90% of its core profit, have helped the group win back fixed-line customers.After implementing several voluntary redundancy schemes in past years, OTE said it is “systematically” exploring cost-reduction initiatives to boost profits across its businesses. Standard Chartered Standard Chartered PLC (StanChart) has set aside $900mn to cover fines resulting from regulatory investigations in the United States and Britain, potentially drawing a line under probes which have dogged the bank for years.News of the provision, made for the fourth quarter of last year, comes ahead of a strategy update from the bank along with its 2018 earnings results on Tuesday, when chief executive Bill Winters is widely expected to outline an overhaul of operations.In a filing to the Hong Kong Stock Exchange yesterday, StanChart said the provision related to the potential resolution of US investigations into alleged violations of US sanctions, and for probes relating to foreign exchange trading.The filing is the first time the bank has quantified the possible cost of the investigations.Previously it said only in filings that it was “not practicable” to estimate the financial impact because the range of potential outcomes was too broad.StanChart also included in the provision a £102.2mn ($133.3mn) fine from Britain’s Financial Conduct Authority related to historical financial crime controls.It said it was considering its options in relation to the penalty.The British regulator declined to comment when contacted by Reuters.StanChart has been the subject of multiple investigations by US authorities into its dealings with Iran, which is the subject of heavy US sanctions.In 2012, the bank agreed to pay $667mn to settle alleged sanctions breaches from 2001 through 2007.It also agreed deferred prosecution agreements with the Department of Justice and New York County District Attorney’s Office.The agreements were extended to March 31 this year in December 2018.The current investigations are examining the extent to which the bank allowed clients with Iranian interests to conduct transactions after 2007, as well as the extent to which it shared such dealings with authorities at the time of the 2012 settlement.In October, Winters said US authorities were also investigating whether StanChart breached Iran-related compliance rules as recently as 2013.Media reports last year said London-based StanChart faced a possible $1.5bn fine for Iran-related sanctions violations.The 2018 provision will reduce profit at the bank, which analyst estimates had previously put at $3.9bn, Refinitiv data showed. Bouygues French conglomerate Bouygues predicted an increase in earnings for 2019 and growth at its telecoms arm after posting higher 2018 profits that lifted its shares.The family-controlled group has recently had problems at its construction division which have been offset by the strength of its telecoms unit.However, Bouygues said all its main businesses, including construction arms such as Colas, improved in the fourth quarter.Bouygues’ current operating profits rose 7.5% from a year earlier to €1.51bn, while sales rose 8% to €35.56bn.Core earnings at Bouygues Telecom, France’s third-biggest mobile operator which Bouygues failed to merge with market leader Orange in 2016, rose by 171mn euros from a year earlier to €1.27bn.For 2019, Bouygues said it hoped to improve group profits and generate some 300mn euros of free cash flow at Bouygues Telecom.

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gulf-times.com
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Centrica Plc ADR 2018 Q4 - Results - Earnings Call Slides - Centrica Plc ADR (OTCMKTS:CPYYY)

CNA

FY: 02-18-19 Earnings Summary. Centrica Plc ADR 2018 Q4 - Results - Earnings Call Slides. Feb. 21, 2019 1:50 PM•CPYYY. The following slide deck was published by Centrica Plc ADR in conjunction with their 2018 Q4 earnings call. About this article:. Tagged:. Includes:. Centrica Plc ADR (CPYYY). CPYYF. Recommended for you:. SA Stock Market news.

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seekingalpha.com
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Centrica plc (CNA) Declines -11.7% on Feb 21

CNA LSE

Shares of Centrica plc (LON:CNA) last traded at 121.15, representing a move of -11.7%, or -16.05 per share, on volume of 86.84M shares. Centrica plc currently has a total float of 56.91M shares and on average sees 24.91 million shares exchange hands each day. Not only does the UK boast with a compelling education system, a competent political structure, and a healthy tourism industry’ it also takes pride in excellent corporate governance that continues to shape its economy. Because of this, the country has one of the most competitive equity markets globally’ transforming not just Europe but the trade and commerce around the world. In the UK, the main stock exchange is the London Stock Exchange (LSE) while the benchmark index is the Financial Times Stock Exchange (FTSE) 100 Index.

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kreviewer.com
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