Jefferies flags challenging outlook for Centrica
Analysts retain ‘hold’ rating on British Gas owner ahead of results
Centrica launches JV with Bayerngas Norge December 2017
Move comes as British Gas owner transforms portfolio
Jefferies sees dividend growth at Centrica as unlikely November 2017
Analysts retain ‘hold’ recommendation on British Gas owner
Centrica shares tumble after profit warning November 2017
Company loses 823,000 customers in four months
Centrica to scrap standard variable tariff
Company pledges simpler tariffsNovember 2017
Drop in Centrica shares seen as creating buying opportunity
Kepler Cheuvreux lifts rating on British Gas ownerNovember 2017
Centrica expands Connected Home business in Italy
British Gas owner inks five-year partnership with Eni gas e luceNovember 2017
Centrica snaps up power management firm
Business to form part of group’s international distributed energy and power unitNovember 2017
Energy shares already hit hard by initial price cap announcement
UK energy company share prices were positive Thursday despite the UK Government's unveiling of the draft energy price cap Bill, that will pave the way for Ofgem to place price caps on a range of SVR tarriffs.October 2017
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Centrica share price: Group extends gas supply deals with Gazprom and Statoil
Centrica/Gazprom deal indicative of European dependence on Russian gasMay 2015
Centrica share price: British Gas under fire despite 5% price cut
Centrica’s British Gas urged to drop prices furtherAugust 2015
Centrica share price drops on flat full-year earnings forecast
British Gas owner says market conditions remain challengingNovember 2013
Centrica share price: Lower commodity prices weigh on group performance
Centrica expects its improved year-on-year downstream profitability to be offset by low commodity prices.April 2015
Centrica share price: Group announces £16m gas project investment
Centrica ups investment in Morecambe fieldJuly 2015
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About Centrica PLC
Centrica Plc (LON:CNA) is a British multinational utility company headquartered in Windsor. It is the biggest supplier of gas to customers in the UK and one of the biggest suppliers of electricity in the country. It has four divisions - British Gas (which operates in Scotland under the brand Scottish Gas), Centrica Energy, Centrica Storage and Direct Energy â and has operations in the UK, Europe, North America and Trinidad and Tobago. Sam Laidlaw is Centricaâs current CEO.
The company was formed in February 1997 through the demerger of British Gas Plc into two separate companies â Centrica Plc and BG Plc. BG, which became BG Group in 1999, and uses the British Gas name overseas, but has no involvement in Centricaâs domestic retail brand.
Centrica concluded a Â£2 billion contract for an annual 2.4 million tonnes of liquefied natural gas from Qatargas in 2011, with the initial agreement for three years. In 2011 Centrica also sold its Dutch subsidiaryâs electricity and gas supply business for Â£63 million in cash to Eneco BV. This sale signalled the companyâs withdrawal from gas and electricity supply in mainland Europe.
In 2011 Centrica also acquired interests in 8 Norwegian oil fields from Statoil ASA, for Â£1 billion. An agreement is also in place with Statoil for the purchase of 5 million cubic meters of gas per annum, the equivalent of around 5 percent of UK needs.
Centria Energie GmbH, the companyâs German trading operation was discontinued in 2012 and in July 2013 Centrica announced an agreement for the acquisition of Hess Corporationâs energy marketing division Â£0.64 billion.
Centrica is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. Itâs one of the biggest companies on the LSE with a market capitalisation of more than Â£20 billion.