Edition:
United Kingdom

Centrica PLC (CNA.L)

CNA.L on London Stock Exchange

90.26GBp
19 Jul 2019
Change (% chg)

0.52 (+0.58%)
Prev Close
89.74
Open
90.18
Day's High
90.94
Day's Low
89.28
Volume
16,313,246
Avg. Vol
22,016,760
52-wk High
156.66
52-wk Low
85.06

Latest Key Developments (Source: Significant Developments)

Centrica Says Trading Environment To Hit H1, Affirms FY Cash Flow, Debt View
Monday, 13 May 2019 

May 13 (Reuters) - Centrica PLC ::TRADING STATEMENT.FULL YEAR GUIDANCE ON OPERATING CASH FLOW AND NET DEBT MAINTAINED.OPERATIONAL PERFORMANCE HAS BEEN LARGELY IN LINE WITH COMPANY'S EXPECTATIONS IN FIRST FOUR MONTHS OF 2019.TRADING ENVIRONMENT CHALLENGING ON NEGATIVE IMPACT FROM UK DEFAULT TARIFF CAP, WARMER THAN NORMAL WEATHER, FALLING UK NATURAL GAS PRICES.CHALLENGING TRADING ENVIRONMENT ARE TEMPORARY IN NATURE, BUT WILL IMPACT FINANCIAL PERFORMANCE IN FIRST HALF OF 2019.COST EFFICIENCY DELIVERY EXPECTED TO ACCELERATE IN SECOND HALF OF YEAR.CHALLENGING TRADING ENVIRONMENT HAS ALSO PUT SOME FURTHER PRESSURE ON OUTLOOK FOR FULL YEAR.TOTAL CENTRICA CONSUMER CUSTOMER ACCOUNTS DOWN BY 20,000 OVER FIRST FOUR MONTHS OF YEAR.NORTH AMERICA BUSINESS WHOLESALE GAS OPTIMISATION PERFORMANCE NEGATIVELY IMPACTED BY WARM WEATHER IN Q1.E&P PRODUCTION FROM SPIRIT ENERGY AND ROUGH SLIGHTLY AHEAD OF EXPECTATIONS IN FIRST FOUR MONTHS OF YEAR.  Full Article

Centrica Announces Renewal Of Revolving Credit Facilities
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Centrica PLC ::RENEWAL OF REVOLVING CREDIT FACILITIES.RENEWAL OF SERIES OF BILATERAL COMMITTED REVOLVING CREDIT FACILITIES WITH INITIAL MATURITY DATE OF FEB 2024 IN AGGREGATE AMOUNT OF £4.2BN.NEW FACILITY REPLACES MAJORITY OF COMPANY'S EXISTING REVOLVING CREDIT FACILITIES WHICH WERE DUE TO EXPIRE IN 2021.NEW 5-YEAR FACILITIES HAVE 2 SEPARATE ONE-YEAR EXTENSION OPTIONS EXERCISABLE BY MUTUAL CONSENT ON FIRST AND SECOND ANNIVERSARY OF FACILITY.  Full Article

Direct Energy To Sell Its Franchisee Home Services Business, Clockwork, Inc
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Direct Energy: :DIRECT ENERGY TO SELL ITS FRANCHISEE HOME SERVICES BUSINESS, CLOCKWORK, INC.CENTRICA PLC - DEAL FOR $300 MILLION..  Full Article

Centrica To Sell Clockwork Inc For $300 Mln
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Centrica PLC ::CENTRICA TO SELL CLOCKWORK INC.PROPOSED DEAL FOR $300 MILLION (NOT $183 MILLION).SALE IS EXPECTED TO CLOSE IN FIRST HALF OF 2019.  Full Article

Centrica FY Rev Rises; Targets 500 Mln Stg Of Disposals, Headcount Reduction
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Centrica PLC ::FY HEADLINE LEVEL, ADJUSTED OPERATING PROFIT WAS UP 12%.FY RECOVERY IN NORTH AMERICA BUSINESS WAS SLOWER THAN EXPECTED.2019 FINANCIAL PERFORMANCE WILL BE IMPACTED BY UK DEFAULT TARIFF CAP AND CONTINUING LOWER VOLUMES IN E&P AND NUCLEAR.2018-20 TARGET RANGE FOR AVERAGE ADJUSTED OPERATING CASH FLOW IS UNDER SOME PRESSURE.2019 AOCF IMPACTED BY UK DEFAULT TARIFF CAP, CONTINUED LOWER E&P AND NUCLEAR VOLUMES, AND CASH TAX PHASING.TARGETING 2019 AOCF IN RANGE £1.8BN-£2.0BN.2019 NET DEBT EXPECTED TO BE IN RANGE £3.0BN-£3.5BN.TARGETING £500M OF NON-CORE DIVESTMENTS IN 2019.CAPITAL REINVESTMENT IN 2019 EXPECTED TO BE £1BN.HEADCOUNT REDUCTION OF 1,500-2,000 IN 2019.A FURTHER £250M OF EFFICIENCY SAVINGS EXPECTED IN 2019 AND AN ADDITIONAL £500M TARGETED BEYOND 2019.FY REVENUE £29.7BN VERSUS £28.0BN AS REPORTED A YEAR EARLIER.CONSUMER ENERGY SUPPLY & SERVICES CUSTOMER ACCOUNT HOLDINGS 23.7 MILLION AT YEAR-END VERSUS 24.4 MILLION AS REPORTED AT LAST YEAR-END.FY ADJUSTED PROFIT BEFORE TAX 1,116 MILLION STG VERSUS 902 MILLION STG REPORTED A YEAR EARLIER.BUSINESS ENERGY SUPPLY CUSTOMER ACCOUNT HOLDINGS 1.2 MILLION AT YEAR-END VERSUS 1.3 MILLION AS REPORTED AT LAST YEAR-END.TARGETING 2019 ADJUSTED OPERATING CASH FLOW IN RANGE £1.8BN-£2.0BN.  Full Article

Centrica Signs PPA With Moray Offshore Windfarm East
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Centrica PLC ::CENTRICA SIGNS PPA WITH MORAY OFFSHORE WINDFARM EAST.CENTRICA PLC - PPA CONTRACT IS FOR A 15-YEAR PERIOD STARTING FROM COMMERCIAL OPERATION WHICH IS SCHEDULED FOR 2022.  Full Article

Anadarko Announces LNG Sale And Purchase Agreement With Tokyo Gas And Centrica
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Anadarko Petroleum Corp ::ANADARKO ANNOUNCES LNG SALE AND PURCHASE AGREEMENT WITH TOKYO GAS AND CENTRICA.AGREEMENT FOR LONG-TERM SUPPLY OF LNG.ANADARKO PETROLEUM - MOZAMBIQUE LNG1 CO SIGNED SALE AND PURCHASE AGREEMENT WITH TOKYO GAS CO., AND CENTRICA LNG COMPANY FOR LONG-TERM SUPPLY OF LNG.  Full Article

Centrica Wins 2-Year Contract In Denmark
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Centrica PLC ::WON 2-YEAR CONTRACT FOR BALANCING, TRADING 469 MW RENEWABLES CAPACITY IN DENMARK UNDER OFFTAKE OBLIGATION SUBSIDY SCHEME.  Full Article

Centrica PLC Says Continues To Expect To Achieve 2018 Group Targets
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Centrica PLC ::CENTRICA PLC - CENTRICA EXPECTS TO ACHIEVE 2018 GROUP TARGETS DESPITE UPSTREAM OPERATIONAL IMPACTS.CENTRICA PLC - SEES FY ADJUSTED OPERATING CASH FLOW IN £2.1-£2.3BN RANGE.CENTRICA PLC - TO MAINTAIN FULL YEAR DIVIDEND PER SHARE AT 12.0P.CENTRICA PLC - CONTINUES TO EXPECT TO ACHIEVE ITS GROUP TARGETS FOR 2018 AS SET OUT IN PRELIMINARY RESULTS IN FEBRUARY.CENTRICA PLC - SEES FY ADJUSTED OPERATING PROFIT AND EBITDA TO BE ABOVE 2017 LEVELS.CENTRICA - TRADING CONDITIONS FOR COMMODITY EXPOSED CUSTOMER-FACING BUSINESSES CONTINUE TO BE HIGHLY COMPETITIVE IN UK, IRELAND, NORTH AMERICA.CENTRICA - IN RECENT MONTHS EXPERIENCED 2 UNEXPECTED DEVELOPMENTS AFFECTING ITS ASSET BUSINESSES WHICH WILL HAVE NEGATIVE IMPACT ON 2018 PERFORMANCE.CENTRICA PLC - IN E&P, SPIRIT ENERGY FORECAST PRODUCTION FOR 2018 HAS FALLEN TO ABOUT 47.5MMBOE FROM AROUND 50MMBOE AT TIME OF INTERIM RESULTS.CENTRICA PLC - 2019 SPIRIT ENERGY PRODUCTION IS CURRENTLY EXPECTED TO BE AT BROADLY SIMILAR LEVELS TO 2018.CENTRICA PLC - PERFORMANCE IN NUCLEAR HAS BEEN IMPACTED BY EXTENDED INSPECTIONS AND OUTAGES AT HUNTERSTON B AND DUNGENESS B POWER STATIONS.CENTRICA - PROGRESS MADE ON INTRODUCING NEW PROPOSITIONS FOR CUSTOMERS IN ADVANCE OF INTRODUCTION OF A DEFAULT TARIFF PRICE CAP.CENTRICA PLC - MARKET VOLATILITY AND EXTREMES OF WEATHER HAVE ALSO BEEN CHALLENGING IN 2018.CENTRICA PLC - UK HOME ENERGY SUPPLY ACCOUNTS HAVE REDUCED BY 372,000 IN FOUR MONTHS TO END OF OCTOBER.  Full Article

Centrica Appoints Charles Berry Chairman Designate
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Centrica PLC ::CENTRICA PLC - DIRECTORATE CHANGE.CENTRICA PLC - ANNOUNCES APPOINTMENT OF CHARLES BERRY AS A DIRECTOR AND CHAIRMAN DESIGNATE.CENTRICA PLC - CHARLES BERRY IS CHAIRMAN OF WEIR GROUP.CENTRICA PLC - CHARLES SUCCEEDS RICK HAYTHORNTHWAITE WHO ANNOUNCED IN MAY 2018 HIS INTENTION TO STEP DOWN DURING COURSE OF NEXT 12 MONTHS.CENTRICA PLC - BERRY WILL BECOME CHAIRMAN ON 21 FEBRUARY 2019.  Full Article

PRESS DIGEST- British Business - July 8

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.