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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 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

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

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 

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
Saturday, 9 Dec 2017 

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

Centrica's British Gas to raise energy prices for second time this year

LONDON, Aug 8 Centrica will raise its standard energy prices for British Gas customers for the second time this year, it said on Wednesday, blaming rising wholesale costs.