|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||4.7500 - 4.8000|
|52 Week Range||4.7500 - 8.8600|
|Beta (3Y Monthly)||0.02|
|PE Ratio (TTM)||9.63|
|Forward Dividend & Yield||0.87 (15.76%)|
|1y Target Est||6.80|
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Innogy SE on Tuesday posted a loss for its U.K. unit in the first quarter following an earlier write down of more than 1.5 billion euros ($1.7 billion). The market value of Centrica Plc, which is Britain’s biggest supplier of energy to homes, has slumped by more than a quarter this year, and the utility warned of challenging times ahead. The largest utilities also have lawmakers on their back, and they regularly cite Prime Minister Theresa May’s price cap on tariffs as a reason for deteriorating conditions.
The company, whose British Gas unit is Britain's largest energy supplier, said these factors would impact financial performance in the first half of 2019, but maintained its full-year outlook for operating cash flow and net debt. The company said it expects to achieve 2019 adjusted operating cash flow in the 1.8-2 billion pound range but said the tough trading conditions would put pressure on the outlook for the year.
Shares rose the most since September.The utility still sees adjusted operating cash flow for the full year of between 1.8 billion pounds ($1.38 billion) and 2 billion pounds, it said in a trading statement. Centrica lost 234,000 energy accounts in the four months through April, compared with 372,000 in the four months through November. Market ReactionCentrica gained as much as 4.3 percent, the most since Sept. 6.
Markets in Europe continued to fall during the Monday afternoon session, after news China will impose tariffs on some U.S. imports from June 1.
British Gas owner Centrica, for all its smart meters and connected home hubs, cannot predict the February weather. It has now conducted 24 annual votes on bosses’ bonuses since Cedric Brown’s 75 per cent pay rise — to £475,000 a year — inspired protesters to name a pig after him, and bring it to the 1995 shareholder meeting, where it eschewed the in-house catering in favour of a trough of treacle-covered £5 notes. Perhaps the board was emboldened by the demise of the porcine Cedric in a bread-eating accident some years ago.
The boss of Centrica said he spent every pound he had received in bonuses on buying shares in the company, as he was forced to defend his pay after a warning about the impact of a new cap on household energy bills. Iain Conn and the rest of Centrica’s board came under fire at its annual meeting in London over the group’s performance and executive remuneration. One retail shareholder calculated that Mr Conn’s bonus equated to almost £1 for every customer the owner of British Gas lost in the UK last year.
HOUSTON , May 1, 2019 /PRNewswire/ -- Yesterday, Direct Energy, one of North America's largest energy and services companies and a subsidiary of Centrica plc, successfully completed the $300 million sale ...
In 2015 Iain Conn was appointed CEO of Centrica plc (LON:CNA). First, this article will compare CEO compensation with compensation at similar sized companies. After that, we will consider the growth in the business...
LONDON, April 8, 2019 /PRNewswire/ -- Centrica plc, the international energy and services company with brands including British Gas, Bord Gáis Energy and Direct Energy, is introducing Responsible Business Ambitions out to 2030. Helping customers reduce their emissions by 25%, directly contributing 3% via its products and services, which is equivalent to the annual emissions of 2.5 million UK homes.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Generally speaking long term investing is the way to go. But unfortunately, some companies simply don't succeed. Zoo...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Centrica plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
HOUSTON, March 26, 2019 /PRNewswire/ -- Direct Energy®, one of the largest energy and energy-related services providers in North America, teamed up with its sister company Centrica Hive to offer the "Connect to Detect 24 Plan", which includes the Hive View indoor camera and a 24-month fixed price electricity plan. A fixed rate electricity plan that will protect consumers from price variability, and an indoor camera so they can stay connected to their home while they are away," said Bruce Stewart, president, Direct Energy, North America Home.
Moody's Investors Service ("Moody's") has today affirmed the Baa1 issuer rating and Baa3 junior subordinate rating of Centrica plc (Centrica). Concurrently, Moody's has affirmed Centrica's Prime-2 commercial paper rating. Centrica's ratings reflect, as positives, the company's leading position in the UK retail energy supply market, its diversification across the UK, Ireland and North America and across energy supply, energy services and gas production, and its track record of executing cost reductions and asset disposals to bolster its balance sheet.
Today we'll evaluate Centrica plc (LON:CNA) to determine whether it could have potential as an investment idea. Specifically, we'll consider its Return On Capital Employed (ROCE), since that will giveRead More...
HOUSTON, March 4, 2019 /PRNewswire/ -- Direct Energy® has partnered with the Fuel Rewards® program, a national loyalty program that connects with millions of consumers who enjoy earning cents-per-gallon savings at the pump, to offer existing, and new Fuel Rewards members additional savings opportunities when they enroll as a Direct Energy customer. The Fuel Rewards program provides members with cents-per-gallon savings on one of their most frequent purchases – gasoline.
LONDON, Feb. 26, 2019 /PRNewswire/ -- Centrica and HAX, the leading US and China-based startup accelerator program, have announced a partnership to find and develop new smart solutions that benefit the growing ageing population. The search is on for startups from across the globe who are seeking opportunities to partner with the company's smart home business, Centrica Hive, and secure investment to bring their products and services to a growing connected care market. Centrica Hive launched its first smart service, Hive Link, in December 2018 with the aim of helping people live independently in their own homes.
(Reuters) - British blue-chip shares fell on Thursday after downbeat reports from energy supplier Centrica and defence company BAE Systems, while a stronger pound weighed on multinational healthcare and ...
MILAN/LONDON (Reuters) - European shares dipped on Thursday, weighed down by several weak earnings updates and after data showed that euro zone factory output unexpectedly fell last month. Euro zone factory output slammed into reverse last month as activity in Germany declined again amid trade tensions and struggles in the auto sector, surveys showed. "There is still widespread concern about how well the economy in Europe has been performing in recent months," said Michael Hewson, chief market analyst at CMC Markets.
HOUSTON, Feb. 21, 2019 /PRNewswire/ -- Direct Energy, one of North America's largest energy and services companies and a subsidiary of Centrica plc, is selling Clockwork, Inc., and certain of its affiliates ("Clockwork") to Authority Brands, a home services franchise platform backed by funds advised by Apax Partners for $300 million. Clockwork consists of over 725 franchise territories, and 10 company-owned stores, and brands including One Hour Heating & Air Conditioning® (One Hour), Benjamin Franklin Plumbing® (Benjamin Franklin), Mister Sparky® electric, BuyMax, Success Academy and SuccessWare 21. Direct Energy acquired Clockwork in 2010 for $183 million.
Shares in British Gas parent Centrica slumped to a 16-year low on Thursday after the group warned a national price cap on energy bills, a fall in nuclear output and lower volumes at its oil and gas division would hit its 2019 results. Centrica said a regulator-imposed cap on standard energy prices would lead to a £300 million hit to profits in 2019, including a one-off impact of about £70 million in the first quarter of 2019. Late last year Centrica, whose British Gas unit is Britain's largest energy supplier, said it would seek a judicial review of the way regulator Ofgem calculated part of the price cap, which was initially set around 6 percent lower than British Gas's standard variable tariff.