EDF Energy shuts down four UK nuclear reactors after boiler defect August 11, 2014 Energy giant Centrica, which owns a 20 per cent stake in EDF Energy’s nuclear operations, yesterday warned that its earnings per share would be lower this year after a boiler defect caused its French peer to shut down four of its ageing reactors in the UK. EDF said it found an “unexpected” defect on a [...]
Analyst Views: What did you make of Centrica’s full-year results? February 20, 2014 PETER ATHERTON | LIBERUM CAPITALThe results weren’t a surprise as Centrica had guided the market before Christmas, but they were disappointing nonetheless. The US energy business is struggling with tighter margins than expected. But the political risk in the UK is the biggest thing that has driven their share price over the past five months. MARTIN BROUGH [...]
Industry expects slow exit from Centrica boss Laidlaw January 26, 2014 LONGSTANDING Centrica chief Sam Laidlaw’s widely anticipated departure from the energy firm will not be until at least next year, say analysts. Speculation has been rife that Laidlaw – who has been at the helm of the FTSE 100-quoted firm for eight years – will move on after his lengthy time at the top. But [...]
AA gets third boss in a year amid ongoing upheaval at motor icon August 28, 2014 FORMER car park boss Bob Mackenzie yesterday became the latest in a string of corporate executives to try their hand at running motoring icon AA. Mackenzie, who will break City convention and combine the role of chairman and chief executive at the group, follows in the footsteps of outgoing boss Chris Jansen, who left yesterday, [...]
Centrica finance chief leaves for Reed Elsevier January 7, 2014 CENTRICA finance director Nick Luff will depart the company this year to join information group Reed Elsevier, leaving Britain’s biggest household energy supplier in the midst of a political row over rising bills. Energy costs have become a big political issue in recent months, leading to intense scrutiny of utility companies like Centrica, after Ed [...]
Centrica finance chief moves to Reed Elsevier January 7, 2014 Publisher and information provider Reed Elsevier has announced this morning that Nick Luff, formerly chief financial officer (CFO) of energy firm Centrica, will be joining its ranks in the same position. In a separate statement, Centrica said that a search for a replacement for Luff is currently underway. Luff has been CFO at Centrica since 2007. [...]
Millions wiped off UK energy firms as Davey moots Centrica break-up February 10, 2014 A FURTHER £335m was wiped off UK energy firms yesterday, after energy secretary Ed Davey wrote to regulators to ask them to scrutinise gas supply margins, and suggested Centrica could be broken up. Investors knocked £275m off British Gas-owner Centrica, while FTSE 100 peer SSE lost close to £60m. Around £10bn has already been wiped of [...]
Centrica shares take a beating in wake of Davey’s attack. Here’s what you need to know February 10, 2014 Energy giant Centrica has become the biggest faller on the FTSE 100 in the wake of energy secretary Ed Davey's letter to regulators, urging them to investigate the profit margins of the big six energy companies. Shares in Centrica, which owns British Gas, have fallen by as much as three per cent this morning. Davey's [...]
Harvey Nash to wine and dine energy chiefs October 27, 2014 THE ENERGY industry’s top City slickers (pun intended) are set to meet for an evening of food and fine conversation at the Harvey Nash annual Oil & Gas dinner in The Dorchester’s Orchid Room tonight. Centrica’s outgoing boss Sam Laidlaw is the evening’s guest speaker and no doubt he’ll be looking forward to meeting old [...]
FTSE dragged down by HSBC and utilities – London Report November 3, 2014 BRITAIN’S top equity index broke a four-day rise yesterday as a drop in major utility stocks and in global banking group HSBC dragged the UK stock market lower. The blue-chip FTSE 100 index closed down by 0.9 per cent at 6,487.97 points. Last week, it had extended a rebound off 15-month lows reached in October. [...]