News: Centrica PLC (CNA.L)

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Thu, Jul 31 2014

UPDATE 1-Britain's energy firms forecast to see higher margins for 2014

* Pre-tax margin at 106 stg for coming year vs 101 stg in June

UPDATE 2-Centrica first-half profits fall 35 pct on weather woes

* British Gas average bill seen down 90 pounds/year on less use

Centrica names BP refining boss Conn as CEO

July 29 - British utility Centrica Plc said it appointed Iain Conn, who has quit as head of refining at BP Plc, as its new chief executive officer, effective Jan. 1.

BRIEF-Centrica unit acquires U.S. residential solar business Astrum Solar

* North American subsidiary, Direct Energy, has acquired U.S. residential solar business, Astrum Solar, for $54 million (£32 million)

BP refining boss Conn quits, in talks for Centrica top job

LONDON - BP's head of refining, Iain Conn, is leaving the oil major and holding talks with British utility Centrica about succeeding its chief executive, Sam Laidlaw, the companies said on Thursday.

Centrica drills dry well in Norwegian North Sea

OSLO, July 23 - Britain's Centrica drilled a dry well in the Norwegian sector of the North Sea, the Norwegian Petroleum Directorate said on Wednesday.

Chile eyes use of U.S. shale gas in early 2016, ENAP says

SANTIAGO, July 15 - Chile's state oil company ENAP said on Tuesday it would start using U.S. shale gas during the first half of 2016 via an ongoing supply contract with Britain's BG Group Plc.

British Gas pays compensation to misled customers, charity

LONDON, July 4 - British Gas, Britain's largest energy supplier owned by utility Centrica, has paid around 4,000 customers and a charity 1 million pounds ($1.7 million) for misleading savings promises on its energy tariffs, regulator Ofgem said on Friday.

EU mergers and takeovers (June 16)

BRUSSELS, June 16 - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

EU Commission clears Centrica takeover of Bord Gais supply arm

LONDON, June 16 - The European Commission has cleared Centrica's 1.1 billion euro ($1.5 billion) takeover of the retail arm of Irish state-owned energy supplier Bord Gais.

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