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Centrica PLC (CNA.L)

CNA.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Centrica Buys Vista Solar
Wednesday, 5 Sep 2018 04:00am EDT 

Sept 6 (Reuters) - Centrica PLC ::CENTRICA BUILDS ON OFFER TO BUSINESSES AND THE PUBLIC SECTOR WITH ACQUISITION OF CALIFORNIAN COMPANY, VISTA SOLAR.VISTA SOLAR WILL BE INTEGRATED INTO CENTRICA'S DISTRIBUTED ENERGY AND POWER BUSINESS.  Full Article

Centrica Says British Gas Standard Variable Tariff To Rise By 3.8 Pct
Wednesday, 8 Aug 2018 04:30am EDT 

Aug 8 (Reuters) - Centrica Plc ::BRITISH GAS STANDARD VARIABLE TARIFF TO INCREASE.BRITISH GAS STANDARD VARIABLE TARIFF WILL INCREASE FOR EXISTING CUSTOMERS ON 1 OCTOBER BY 3.8 PCT.INCREASING ITS SVT PRICES BECAUSE OF AN APPROXIMATELY 20 PCT RISE IN COSTS OF BUYING WHOLESALE ENERGY SINCE APRIL.2.4 MILLION CUSTOMERS ON FIXED PRICE PRODUCTS WILL BE UNAFFECTED BY THE PRICE INCREASE.EXPECT TO HAVE ONLY 3 MILLION CUSTOMERS ON SVT BY END OF YEAR, DOWN FROM 4.3 MILLION AT START OF 2018.  Full Article

Centrica Announces Result Of Tender Offers
Friday, 2 Mar 2018 09:30am EST 

March 2 (Reuters) - Centrica Plc ::‍WILL ACCEPT FOR PURCHASE £600,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF NOTES VALIDLY TENDERED IN TENDER OFFERS​.  Full Article

Centrica ‍Announces Indicative Results Of Tender Offers For Certain Notes ​
Friday, 2 Mar 2018 06:35am EST 

March 2 (Reuters) - CENTRICA PLC ::‍ANNOUNCES INDICATIVE RESULTS OF TENDER OFFERS FOR CERTAIN OF ITS NOTES​.IT EXPECTS TO ACCEPT £600,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF NOTES VALIDLY TENDERED IN TENDER OFFERS​.EXPECTS THAT NONE OF THIRD PRIORITY NOTES VALIDLY TENDERED IN TENDER OFFERS WILL BE ACCEPTED FOR PURCHASE​.  Full Article

UK's Unite Calls For Meeting With British Gas Over 4,000 Planned Job Losses
Thursday, 22 Feb 2018 08:28am EST 

Feb 22 (Reuters) - Centrica Plc ::UK'S UNITE- UNITE CALLS FOR URGENT MEETING WITH BRITISH GAS OVER 4,000 PLANNED JOB LOSSES.  Full Article

Centrica Says Targeting At Least 50% Increase In Revenue In 2018
Thursday, 22 Feb 2018 02:00am EST 

Feb 22 (Reuters) - Centrica Plc ::FY ‍ADJUSTED OPERATING PROFIT DOWN 17% TO £1,252M​.‍PROPOSED FULL YEAR DIVIDEND OF 12.0P​.FY REVENUE ‍28.0​ BILLION EUROS VERSUS 27.1 BILLION EUROS.FY ADJUSTED OPERATING PROFIT DOWN 17% TO 1,252 MILLION EUROS, REFLECTING SIGNIFICANTLY REDUCED PROFIT IN CENTRICA BUSINESS.FY ADJUSTED EARNINGS ‍698​ MILLION EUROS VERSUS 895 MILLION EUROS.GROUP NET DEBT DOWN 877 MILLION EUROS TO 2.6 BILLION EUROS AT YEAR END 2017, AT LOWER END OF 2.5 BILLION -3 BILLION EUROS END 2017 TARGETED RANGE.‍£750M COST EFFICIENCY PROGRAMME DELIVERED THREE YEARS EARLY​.‍GROUP COST EFFICIENCY PROGRAMME TARGET INCREASED BY £500M TO £1.25BN PER ANNUM BY 2020​.INTEND TO PURSUE SALE OF UK NUCLEAR INVESTMENT.‍EXPECT TO MAINTAIN CURRENT LEVEL OF DIVIDEND PER SHARE SUBJECT TO GENERATING AOCF WITHIN TARGET RANGE AND NET DEBT REMAINING WITHIN A £2.25BN-£3.25BN RANGE​.‍TARGETING AOCF OF £2.1BN-£2.3BN P.A. ON AVERAGE AND CAPITAL REINVESTMENT OF NO MORE THAN £1.2BN P.A​.‍TARGETING ADJUSTED OPERATING CASH FLOW OF £2.1BN-£2.3BN PER ANNUM ON AVERAGE AND CAPITAL REINVESTMENT LIMITED TO NO MORE THAN £1.2BN PER ANNUM FOR 2018-20 PERIOD​.SEES ‍NET DEBT REMAINING WITHIN A £2.25BN-£3.25BN RANGE​.SEES £200 MILLION OF EFFICIENCY SAVINGS IN 2018.EXPECT A FLAT 2018 FULL YEAR DIVIDEND PER SHARE OF 12.0 PENCE.SEES A LIKE-FOR-LIKE HEADCOUNT REDUCTION OF AROUND 1,000 IN 2018.‍ANNOUNCING OFFERS TO REPURCHASE £0.6BN-£1BN OF OUTSTANDING GROSS DEBT TO ACHIEVE A MORE EFFICIENT BALANCE SHEET STRUCTURE​.  Full Article

Centrica PLC Posts 17.4 Pct Fall In FY Profit
Thursday, 22 Feb 2018 02:00am EST 

Feb 22 (Reuters) - Centrica Plc ::IN 2018, TARGETING AT LEAST A 50 PERCENT INCREASE IN REVENUE IN DISTRIBUTED ENERGY AND POWER BUSINESS SEGMENT .SEES NET DEBT REMAINING WITHIN £2.25 BILLION-£3.25 BILLION RANGE IN 2018-2020​.FY REVENUE 28.0 BILLION POUNDS VERSUS 27.1 BILLION POUNDS .FY ADJUSTED EARNINGS 698 MILLION POUNDS VERSUS 895 MILLION POUNDS.NET DEBT DOWN 877 MILLION POUNDS TO 2.6 BILLION POUNDS AT 2017-END, AT LOWER END OF 2.5 BILLION-3 BILLION POUNDS END 2017 TARGETED RANGE.IN 2018-2020 EXPECT TO MAINTAIN CURRENT LEVEL OF DIVIDEND PER SHARE SUBJECT TO GENERATING AOCF WITHIN TARGET RANGE.FY ADJUSTED OPERATING CASH FLOW 2,069 MILLION POUNDS VERSUS 2,686 MILLION POUNDS.EXPECT NEW COST EFFICIENCY PROGRAMME TO INVOLVE REDUCTION IN LIKE-FOR-LIKE HEADCOUNT OF AROUND 4,000 BY 2020.FY ADJUSTED OPERATING PROFIT DOWN 17 PERCENT TO £1,252 MILLION.PROPOSED FULL YEAR DIVIDEND OF 12 PENCE.£750 MILLION COST EFFICIENCY PROGRAMME DELIVERED THREE YEARS EARLY​.GROUP COST EFFICIENCY PROGRAMME TARGET INCREASED BY £500 MILLION TO £1.25 BILLION PER ANNUM BY 2020.INTEND TO PURSUE SALE OF UK NUCLEAR INVESTMENT.TARGETS ADJUSTED OPERATING CASH FLOW £2.1 BILLION-£2.3 BILLION PER ANNUM ON AVERAGE, CAPITAL REINVESTMENT LIMITED TO NO MORE THAN £1.2 BILLION PER ANNUM FOR 2018-20.SEES £200 MILLION OF EFFICIENCY SAVINGS IN 2018.EXPECT FLAT 2018 FULL YEAR DIVIDEND PER SHARE OF 12.0 PENCE.SEES LIKE-FOR-LIKE HEADCOUNT REDUCTION OF AROUND 1,000 IN 2018.  Full Article

CMA Confirms Removal of Centrica's Rough Storage Site Undertakings
Wednesday, 13 Dec 2017 05:05am EST 

Dec 13 (Reuters) - COMPETITION & MARKETS AUTHORITY (CMA)::CMA SAYS HAS CONFIRMED ITS DECISION TO REMOVE UNDERTAKINGS FROM BRITAIN'S ROUGH GAS STORAGE.CMA SAYS REMOVING THESE WILL FACILITATE THE CLOSURE OF THE NORTH SEA GAS STORAGE FACILITY, WHICH HAS BEEN DEEMED UNSAFE BY ITS OPERATOR.CMA SAYS IN JUNE 2017 ROUGH'S OPERATOR, CENTRICA STORAGE LIMITED (CSL), ANNOUNCED THAT IT INTENDED TO CLOSE THE PLANT nEON3NS2PP.CMA SAYS FOLLOWING A REVIEW IT HAS DECIDED TO RELEASE THE FACILITY’S OWNERS, CENTRICA PLC (CENTRICA) AND CENTRICA STORAGE LIMITED (CSL), FROM THE UNDERTAKINGS.  Full Article

Centrica Plc says Spirit Energy Launched Following Completion E&P JV
Monday, 11 Dec 2017 02:14am EST 

Dec 11 (Reuters) - Centrica Plc ::SPIRIT ENERGY LAUNCHED FOLLOWING COMPLETION OF CENTRICA AND BAYERNGAS NORGE E&P JOINT VENTURE.  Full Article

Government Of Canada Names Direct Energy Business As Their New Natural Gas Provider
Friday, 8 Dec 2017 02:25pm EST 

Dec 8 (Reuters) - Centrica PLC ::DIRECT ENERGY - GOVERNMENT OF CANADA NAMED CO THEIR NEW NATURAL GAS PROVIDER FOR CORRECTIONAL SERVICES CANADA, DEPARTMENT OF NATIONAL DEFENCE.DIRECT ENERGY - CO ALSO NAMED NEW NATURAL GAS PROVIDER FOR PUBLIC SERVICES AND PROCUREMENT CANADA; TO PROVIDE SERVICES FOR NEXT 10 YRS​.  Full Article

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Soaring British winter gas prices point to energy price cap increase

LONDON The upward trajectory of already unseasonably high British wholesale gas prices is showing no sign of slowing, putting pressure on the energy regulator Ofgem to raise its price cap next year.