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Centrica PLC (CNA.L)

CNA.L on London Stock Exchange

13 Dec 2017
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-5.30 (-3.66%)
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Latest Key Developments (Source: Significant Developments)

Centrica would consider selling UK nuclear plant stake - CEO
Wednesday, 21 Jun 2017 06:20am EDT 

June 21 (Reuters) - Centrica Plc :Centrica CEO says would consider divesting stake in uk nuclear plants if received right offer.  Full Article

Centrica says revenue from connected home unit could reach 1 bln pounds by 2022
Wednesday, 21 Jun 2017 05:00am EDT 

June 21 (Reuters) - Centrica Plc :Centrica's ceo of consumer business says revenue from connected home division could reach 1 billion pounds by 2022.  Full Article

Centrica says on track to meet 2017 financial targets
Wednesday, 21 Jun 2017 03:47am EDT 

June 21 (Reuters) - Centrica Plc :Centrica says on track to deliver 2017 financial targets - presentation slides.Centrica says targeting 2.5-3 billion pounds net debt by end 2017 - presentation slides.Centrica says continues to engage constructively with uk government, regulator on energy market - presentation slides.Centrica says targets distributed energy & power division to break-even by 2019 - presentation slides.Centrica says to invest around 250-350 million pounds a year between 2017-2020 - presentation slides.  Full Article

Centrica to sell Langage,South Humber Bank power stations
Wednesday, 21 Jun 2017 02:00am EDT 

June 21 (Reuters) - Centrica Plc ::Centrica to sell Langage and South Humber Bank gas-fired power stations.Sale to EP UK Investments Ltd ("EPUK") for 318 million pounds in cash.Transaction is subject to EU merger clearance and is expected to complete during second half of 2017.  Full Article

Centrica To sell its 60 pct stake in Canadian E&P business​
Friday, 9 Jun 2017 02:00am EDT 

June 9 (Reuters) - Centrica Plc :Centrica Plc - disposal.‍Centrica agrees sale of its Canadian E&P business​.‍CQ Energy Canada Partnership, Canadian E&P joint venture in which Centrica Plc owns a 60 pct interest, is to be sold​.‍To a consortium comprising MIE Holdings Corporation, Can-China Global Resource Fund and Mercuria for a purchase price of c$722 million in cash​.‍Centrica's net share of sale proceeds is expected to be approximately 240 million stg after adjustments​.‍Divestment means centrica's E&P activity will now be focused solely on European assets​.‍Transaction is expected to close in second half of 2017​.  Full Article

Centrica says 86.20 pct votes favour remuneration resolution at AGM
Tuesday, 9 May 2017 06:17am EDT 

May 9 (Reuters) - Centrica Plc ::86.20 percent vote in favour of resolution to approve directors' annual remuneration report at AGM.  Full Article

Centrica says on track to deliver against 2017 targets
Monday, 8 May 2017 02:00am EDT 

May 8 (Reuters) - Centrica Plc ::Trading statement.Connected home revenue 30 pct higher to end of April 2017 compared to same period in 2016.Warmer than normal weather in YTD resulted in lower than planned consumption in UK and North America.Higher realised unit margins in North America home energy supply and good optimisation performance in North America business.YTD UK wholesale oil, gas and baseload power prices have all fallen since Centrica's preliminary results in February.UK home energy supply accounts down 261,000 in year to date.FY adjusted operating cash flow is expected to be above 2 bln stg.Divestment programme on track, with completion of trinidad and tobago E&P assets expected later in H1 and Canada E&P sale targeted for 2017.2017 closing net debt is expected to be in 2.5 bln stg-3.0 bln stg range.Capital investment, including small acquisitions of less than 100 mln stg each, is expected to be no more than 1 bln stg in 2017, including E&P capex of around 500 mln stg.FY incremental revenue investment of around 100 mln stg in growth areas.Like-for-like direct headcount reduction of around 1,500 expected during 2017.Efficiency savings of 250 mln stg expected in 2017.We remain on track to deliver against our 2017 targets - CEO.Have had dialogue with government, proposed alternative ways to improve market further, without resorting to price regulation.  Full Article

Centrica to invest 60 mln pounds to increase Morecambe Bay gas production
Wednesday, 3 May 2017 04:56am EDT 

May 3 (Reuters) - Centrica Plc :Britain's Centrica will invest 60 million pounds ($78 million) to boost Morecambe Bay gas production, it said in a statement on Wednesday..The project to refurbish two 5,000-tonne platforms in the East Irish Sea is expected to start later this month..Once complete, the project will unlock up to a further 3 billion cubic feet of gas under the East Irish Sea by simplifying the process required to get it to shore..  Full Article

Norway's Maria field could start producing in H1 2018-operator
Tuesday, 2 May 2017 04:49am EDT 

May 2 (Reuters) - Wintershall Holding Gmbh [RIC:RIC:WINT.UL]:Wintershall says its Maria oilfield off Norway could start producing in H1 2018.Wintershall CEO Mario Mehren says the startup will depend on the drilling success.Says drilling started in March and is expected to last for up to 580 days.The field is estimated to hold around 180 million barrels of oil equivalents of recoverable reserves, mostly oil.Wintershall has 50 pct stake, Norway's Petoro 30 pct and Centrica <<>> 20 pct .  Full Article

Amec Foster Wheeler awarded 60 mln stg contract extension
Wednesday, 15 Mar 2017 03:38am EDT 

Amec Foster Wheeler Plc : Amec Foster Wheeler wins 60 million stg contract extension for Centrica's Morecambe bay assets . Secures around 200 jobs .Original contract awarded to Amec Foster Wheeler in 2011 is now extended for a further three years to end of 2019.  Full Article

Premier Oil to sell North Sea pipeline stake to CATS

Dec 11 Premier Oil Plc will sell its 30 percent stake in a North Sea pipeline to UK gas infrastructure company CATS Management Ltd for up to 23.6 million pounds ($31.68 million), it said on Monday.