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Centrica PLC (CNA.L)

CNA.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Norway's oil ministry approves Wintershall's Nova field development plan
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - Norway's oil and energy ministry: :SAYS APPROVES WINTERSHALL'S NOVA FIELD DEVELOPMENT PLAN.SAYS EXPECTS NOVA FIELD TO START PRODUCTION IN Q3 2021.WINTERSHALL AND ITS PARTNERS PLAN TO INVEST 10 BILLION NORWEGIAN CROWNS TO DEVELOP THE OFFSHORE FIELD.WINTERSHALL IS THE OPERATOR AND HOLDS 35 PCT STAKE, WHILE CAPRICORN HAS 20 PCT, SPIRIT ENERGY 20 PCT, EDISON 15 PCT AND DEA 10 PCT .  Full Article

Centrica Names Richard Hookway As Centrica Business CEO
Friday, 14 Sep 2018 

Sept 14 (Reuters) - Centrica PLC ::CENTRICA ANNOUNCES APPOINTMENT OF NEW CENTRICA BUSINESS CHIEF EXECUTIVE.APPOINTMENT OF RICHARD HOOKWAY AS CHIEF EXECUTIVE, CENTRICA BUSINESS EFFECTIVE 1 DECEMBER.HOOKWAY TO GET BASE SALARY OF £600,000.  Full Article

Centrica Says It Doesn't Believe Price Cap Is Sustainable Solution For Market
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Centrica PLC ::CENTRICA PLC - IN THE PROCESS OF REVIEWING THE MANY PAPERS OFGEM HAS ISSUED TODAY, AND A DETAILED EVALUATION WILL TAKE SOME TIME.CENTRICA PLC - LOOK FORWARD TO PARTICIPATING IN THE FINAL CONSULTATION PERIOD IN OCTOBER.CENTRICA PLC - DO NOT BELIEVE PRICE CAP IS SUSTAINABLE SOLUTION FOR MARKET, LIKELY TO HAVE UNINTENDED CONSEQUENCES FOR CUSTOMERS AND FOR COMPETITION.CENTRICA PLC - POSITIONING CO TO DELIVER A PROFITABLE ENERGY SUPPLY BUSINESS UNDER THE TEMPORARY DEFAULT TARIFF CAP.  Full Article

Centrica Says Co On Track To Achieve FY Financial Targets
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Centrica PLC ::HY STABLE ADJUSTED GROSS MARGIN AND EBITDA RELATIVE TO H1 2017.HY CENTRICA CONSUMER ADJUSTED OPERATING PROFIT DOWN 20PCT.HY CENTRICA BUSINESS ADJUSTED OPERATING PROFIT DOWN 57PCT.FULL YEAR ADJUSTED OPERATING CASH FLOW CURRENTLY EXPECTED TO BE HIGHER THAN 2017, WITHIN TARGETED £2.1-£2.3BN RANGE .AWAITING FINAL REGULATIONS IMPOSING A TEMPORARY DEFAULT TARIFF CAP IN UK.FULL YEAR DIVIDEND PER SHARE EXPECTED TO BE MAINTAINED AT 12.0P .H1 2018 ADJUSTED EPS DOWN 22PCT TO 6.4P, IMPACTED BY A HIGHER ADJUSTED EFFECTIVE TAX RATE OF 39PCT. .FULL YEAR ADJUSTED OPERATING CASH FLOW CURRENTLY EXPECTED TO BE HIGHER THAN 2017.REMAIN ON TRACK TO ACHIEVE ALL OUR FULL YEAR FINANCIAL TARGETS.EXPECT TO MAINTAIN FULL YEAR DIVIDEND PER SHARE AT ITS CURRENT LEVEL.  Full Article

Centrica Says Jeff Bell To Step Down As Group CFO
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Centrica PLC ::ANNOUNCES CHANGE OF GROUP CHIEF FINANCIAL OFFICER.AFTER OVER FOUR YEARS IN POST, AND IN LINE WITH LONG-STANDING SUCCESSION PLANS AGREED WITH BOARD, JEFF BELL WILL BE STANDING DOWN AS GROUP CFO AT END OF OCTOBER THIS YEAR AND WILL LEAVE COMPANY IN JULY 2019..PLEASED TO ANNOUNCE APPOINTMENT OF CHRIS O'SHEA AS GROUP CFO AND EXECUTIVE DIRECTOR OF CENTRICA PLC EFFECTIVE 1(ST) NOVEMBER..  Full Article

Centrica Says Centrica Business Solutions Launches In Ireland
Thursday, 26 Jul 2018 

July 26 (Reuters) - Centrica PLC ::CENTRICA BUSINESS SOLUTIONS LAUNCHES IN IRELAND.EXPANDED ITS OFFER TO BUSINESSES IN REPUBLIC OF IRELAND WITH LAUNCH OF CENTRICA BUSINESS SOLUTIONS.  Full Article

Centrica Says Chief Executive Of Centrica Business Mark Hanafin To Retire
Thursday, 5 Jul 2018 

July 5 (Reuters) - Centrica PLC ::MARK HANAFIN, CHIEF EXECUTIVE, CENTRICA BUSINESS, TO RETIRE FROM CENTRICA PLC.MARK HANAFIN, CHIEF EXECUTIVE, CENTRICA BUSINESS HAS ELECTED TO RETIRE FROM COMPANY AT END OF MARCH 2019.PROCESS TO APPOINT MARK'S SUCCESSOR HAS BEGUN AND THIS WILL BE ANNOUNCED SEPARATELY IN DUE COURSE.  Full Article

Centrica unit agrees to buy 50 pct in Barrow Green Gas
Friday, 29 Jun 2018 

June 29 (Reuters) - Centrica PLC ::CENTRICA PLC’S ENERGY MARKETING & TRADING BUSINESS HAS AGREED TO ACQUIRE A 50 PERCENT STAKE IN BARROW GREEN GAS (BGG) - STATEMENT.BGG IS THE ONLY GAS BUSINESS IN GREAT BRITAIN FOCUSED SOLELY ON THE GREEN GAS MARKET, SHIPPING ALMOST HALF OF THE GREEN GAS USED BY BRITISH HOMES AND BUSINESSES.THE NEW PARTNERSHIP WILL GIVE CENTRICA ACCESS TO LEADING EXPERTISE IN THE BIOMETHANE MARKET AND STRENGTHEN ITS ABILITY TO OFFER CUSTOMERS A WIDER CHOICE OF RENEWABLE ENERGY PRODUCTS.  Full Article

Gaslog Ltd Announces Charter To Centrica For Seven Years
Wednesday, 30 May 2018 

May 30 (Reuters) - GasLog Ltd ::GASLOG LTD. ANNOUNCES A CHARTER TO CENTRICA FOR SEVEN YEARS AND PLACES A NEWBUILDING ORDER AT SAMSUNG HEAVY INDUSTRIES.GASLOG LTD - RATE OF HIRE FOR CHARTER IS BROADLY IN LINE WITH MID-CYCLE RATES.GASLOG - 180,000 CUBIC METER LNG CARRIER (HN 2262) ORDERED FROM SAMSUNG HEAVY INDUSTRIES IN SOUTH KOREA, WITH EXPECTED DELIVERY IN Q3 2020.GASLOG LTD - CO AND CENTRICA SEPARATELY AGREED OPTIONALITY IN RELATION TO ACTUAL VESSEL TO BE DELIVERED INTO CHARTER.GASLOG LTD - OPTIONALITY ALLOWS, INSTEAD OF HN 2262, EITHER HN 2212 OR HN 2274 TO BE DELIVERED INTO CHARTER.GASLOG LTD - GASLOG PARTNERS LP HAS RIGHT TO ACQUIRE VESSEL DELIVERED INTO CHARTER PURSUANT TO OMNIBUS AGREEMENT BETWEEN CO AND GASLOG PARTNERS.GASLOG - GASLOG PARTNERS' POTENTIAL DROPDOWN PIPELINE TO INCREASE TO 9 LNG CARRIERS WITH CHARTER LENGTH OF 5 YRS OR MORE DUE TO RIGHT TO ACQUIRE VESSEL.  Full Article

Centrica Says Rick Haythornthwaite Will Step Down As Chairman
Tuesday, 8 May 2018 

May 8 (Reuters) - Centrica PLC ::ITS CHAIRMAN, RICK HAYTHORNTHWAITE, HAS INFORMED BOARD OF HIS INTENTION TO STEP DOWN AS CHAIRMAN WITHIN NEXT 12 MONTHS.BOARD WILL NOW COMMENCE A PROCESS TO APPOINT A SUCCESSOR FOR RICK HAYTHORNTHWAITE.  Full Article

Wintershall struggles to boost output from Norway's Maria field

OSLO, Oct 15 German oil firm Wintershall's flagship project in Norway - the Maria oil and gas field - is not meeting output expectations due to water injection issues, the company said on Monday.