CPYYF
Centrica plc·Utilities
2.65
0.000%(+0.00)
Close PriceLast Updated: — ET
52W L: $1.9552W H: $2.90
CPYYF NEWS
proactiveinvestors.co.uk
May 15
JP Morgan backs SSE and Centrica as Middle East shock lifts European power outlook
JP Morgan has reiterated 'overweight' ratings on SSE PLC (LSE:SSE) and Centrica PLC (LSE:CNA), arguing that the effects of the Middle East conflict will continue to support European power prices and that utility stocks are well placed to benefit. The bank named SSE as one of its top picks in European utilities alongside Germany's RWE, noting that both offer double-digit earnings per share growth rates above the sector average.
reuters.com
May 15
British Gas owner Centrica to pay $27 million after prepay meter probe
British Gas owner Centrica has agreed to pay 20 million pounds ($26.69 million) into a redress fund after investigators found the utility installed prepayment meters in the homes of vulnerable customers without their consent, regulator Ofgem said.
proactiveinvestors.com
Apr 21
SSE and Centrica lifted as UK moves wind and solar farms to fixed-price contracts
Shares in SSE PLC (LSE:SSE), Centrica and several renewable energy investment companies rose after the UK government confirmed plans to move older wind and solar farms onto fixed-price contracts, or else be hit with higher windfall taxes. SSE, which owns windfarms and hydroelectric power plants, saw its share climb 3.3% to 2,610p on Tuesday, while fellow FTSE 100-listed energy producer Centrica PLC (LSE:CNA), which owns British Gas, and FTSE 250-listed biomass burner Drax Group (LSE:DRX) were up 2.3% and 1.8%.
proactiveinvestors.co.uk
Apr 21
SSE and Centrica boosted as UK moves wind and solar farms to fixed-price contracts
SSE PLC (LSE:SSE) shares rose after the UK government confirmed plans to move older wind and solar farms onto fixed-price contracts. Shares in SSE, which owns windfarms and hydroelectric power plants, rose 3.8% to 2,614p early on Tuesday, while fellow FTSE 100-listed energy producers Centrica PLC (LSE:CNA) and FTSE 250-listed Drax Group (LSE:DRX) were up 1.7% and 1.8%.
proactiveinvestors.co.uk
Apr 20
Centrica sell-off overdone as short nuclear lifespan limits delink exposure, says Citi
Centrica PLC (LSE:CNA) shares have been caught up in a sector-wide sell-off following press reports of potential government action to delink power and gas pricing in the UK, but Citi argues the market has overreacted and reiterates its 'buy' rating on the stock. The broker contends that investors are focusing too narrowly on earnings per share impact and failing to account for the limited remaining lifespan of Centrica's nuclear generation assets.
proactiveinvestors.co.uk
Apr 17
SSE and Centrica hit as Reeves threatens to rewire energy pricing
Shares in SSE PLC (LSE:SSE) and Centrica PLC (LSE:CNA) took a heavy beating on Friday after Chancellor Rachel Reeves signalled that the government is actively working to sever the link between electricity and gas prices - a reform that could fundamentally reshape the economics of the UK energy sector. SSE fell 5.2% and Centrica dropped 4.9%, making the two utilities among the biggest fallers on the FTSE 100 on a day when the broader mood across European markets was broadly positive, buoyed by hopes of progress in Middle East peace talks.
