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United Kingdom

Centrica PLC (CNA.L)

CNA.L on London Stock Exchange

138.00GBp
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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
Friday, 8 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 sees FY ‍2017 adjusted EPS to be around 12.5 pence​
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - CENTRICA PLC ::‍TRADING CONDITIONS COMPETITIVE, PERFORMANCE DELIVERY SINCE MID-YEAR IN CENTRICA BUSINESS ENERGY SUPPLY BUSINESSES HAS BEEN DISAPPOINTING​.‍REMAINS ON TRACK TO ACHIEVE 2017 TARGETS​.‍SEES FY ADJUSTED OPERATING CASH FLOW TO BE ABOVE £2BN​.SEES ‍FY GROUP CAPITAL INVESTMENT TO BE BELOW £1BN LIMIT WITH E&P CAPEX AROUND £500M​.‍SEES INCREMENTAL REVENUE INVESTMENT OF AROUND £100M IN GROWTH AREAS​ FOR FY.SEES ‍LIKE-FOR-LIKE DIRECT HEADCOUNT REDUCTION OF OVER 1,500​ IN FY 2017.‍SEES NET DEBT TO BE WITHIN TARGETED £2.5-£3.0BN RANGE​ AT YEAR END.‍2017 FULL YEAR ADJUSTED EARNINGS PER SHARE ARE EXPECTED TO BE AROUND 12.5P​.‍ONE-OFF NON-CASH POST-TAX CHARGE OF £46M IN NORTH AMERICA UNIT, RELATING TO A REASSESSMENT OF HISTORIC RECOGNITION OF UNBILLED POWER REVENUES​.  Full Article

Centrica ‍signs balancing and hedging contract for onshore wind installation​
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Centrica Plc :SIGNS BALANCING AND HEDGING CONTRACT FOR EUROPE'S SINGLE BIGGEST ONSHORE WIND INSTALLATION​.NEAS ENERGY ENTERED ROUTE TO MARKET CONTRACT WITH SPONSORS OF ONSHORE WIND INSTALLATION MARKBYGDEN EET IN SWEDEN BASED ON BALANCING,HEDGING STRUCTURE.  Full Article

Centrica buys Restore NV for 70 mln euros
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Centrica Plc ::CENTRICA PLC ACQUISITION.‍CENTRICA PLC HAS ACQUIRED RESTORE NV ("RESTORE"), EUROPE'S DEMAND RESPONSE AGGREGATOR, FOR EUR 70 MILLION (£62 MILLION)IN CASH​.‍BUSINESS WILL FORM PART OF CENTRICA'S INTERNATIONAL DISTRIBUTED ENERGY & POWER UNIT​.  Full Article

Centrica says unit British Gas extends its price freeze until August
Friday, 10 Feb 2017 

Reg-centrica Plc : British Gas extends its price freeze until August .British gas today announces that it will extend its price freeze for its customers on its standard energy tariff until august..  Full Article

Centrica buys UK water leaks detection business
Tuesday, 30 Aug 2016 

Centrica Plc : Acquisition .Acquired Flowgem Limited, an early stage UK-based business developing unique and innovative technology to remotely detect water leaks, for 13 mln stg.  Full Article

Centrica names Stephen Hester as senior independent director
Thursday, 28 Jul 2016 

Centrica Plc : Appointment of Stephen Hester as senior independent director with effect from 1 October 2016 .Stephen succeeds Ian Meakins who steps down from board as senior independent director with effect from 1 October 2016..  Full Article

Centrica loses 399,000 customers in the first half of 2016
Thursday, 28 Jul 2016 

Centrica Plc : Adjusted operating cash flow up 19 pct to 1,372 million stg, including working capital delivery in UK business. . Impact of low commodity prices on E&P and central power generation, partially offset by cost efficiency. . Focus and investment in customer service resulting in improved service metrics. . Home accounts in North America and Ireland stable. . CMA final report provides clarity on UK regulatory framework. Focus is now on bringing new innovative products and services to market. . 2016 full year adjusted operating cash flow on track to exceed 2 billion stg . 2016 first half net debt down to 3.8 billion stg, a reduction of 23 pct compared to first half of 2015 . Interim dividend of 30% of last year`s full year dividend in line with established practice . As previously stated, full year dividend will be determined based on our assessment of sustainable growth in operating cash flow. . E&P production was down 7%, largely reflecting natural portfolio decline, however we expect a first contribution from large scale cygnus development in q4 of 2016 . We have now installed over 360,000 connected hubs in uk. . We made very good progress in our cost reduction programme in first half of 2016, from which we expect to be delivering £750 million of savings per annum by 2020 . Adjusted earnings down 14% to 507 million stg, primarily reflecting extreme warm weather in north america.  Full Article