Centrica PLC (CNA.L)
20 Aug 2019
FRANKFURT/DUESSELDORF, Germany E.ON remains committed to the ailing British retail energy market, its chief financial officer said on Wednesday, allaying concerns the German group could pull out after prolonged profit decline.
Aug 7 Britain's energy regulator told suppliers on Wednesday to lower their price cap for average annual consumption by 75 pounds ($91.21) to 1,179 pounds from Oct. 1, following a drop in wholesale power and gas prices this year.
LONDON A protracted decline in European gas prices, which has hurt some energy firms but may prove a boon to buyers, has yet to find a floor as low summer demand could boost gas storage tanks close to chock-full amid soaring global supply.
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LONDON (Reuters Breakingviews) - Iain Conn has got the message. The Centrica chief executive on Tuesday said he would step down next year as the UK utility announced plans to slash its full-year dividend. Conn made plenty of missteps, but Centrica’s woes defy easy fixes.
July 30 A surge in oil major BP offset steep losses in consumer goods giant Reckitt Benckiser and energy utility Centrica and lifted London's FTSE 100 to a fresh 11-month high on Tuesday.
LONDON, July 22 Britain is likely to cut its cap on household energy prices by around 5.6% or 70 pounds ($87) a year from October, E.ON UK said on Monday, meaning lower power bills for around 11 million Britons.
July 22 London's main index held steady on Monday as oil heavyweights rose amid heightened tensions in the Middle East, while energy firm Centrica fell on reports of a dividend cut and Ted Baker was in demand after multiple media reports of takeover plans.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
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