ANALYST VIEWS: WHAT DO YOU THINK OF CENTRICA’S RESULTS ? November 17, 2010 MANOJ LADWA | ETX CAPITAL Centrica continues to perform strongly and is making progress towards the strategic priorities set out earlier this year. Overall, the group’s forecast for operating profit for 2010 is slightly ahead of current expectations. SCOTT BYROM | MONEYSUPERMARKET.COM This is yet another kick in the teeth for customers of the energy [...]
Top Goldman man quits to join Hayward April 4, 2011 GOLDMAN Sachs’s head of UK investment banking is leaving to move on to an investment opportunity with former BP chief executive Tony Hayward, according to sources familiar with the matter. Julian Metherell (pictured), who has been with Goldman since 1999, is an oil and gas specialist whose clients included BP, Centrica and Petrofac. One senior [...]
FTSE tumbles to three-month closing low on energy worries June 23, 2011 MINERS and energy stocks were the worst hit members of Britain’s sharply lower FTSE 100 index yesterday, hit by heightened fears of a slowdown in global growth. The FTSE 100 ended down 98.61 points, or 1.7 per cent, at 5,674.38, its lowest close since 16 March when markets were plunging in the immediate aftermath of [...]
FTSE 100 CHAIRMEN BACK DRIVE FOR MORE WOMEN ON UK BOARDS July 13, 2011 THE DEBATE about how to get more businesswomen into the boardroom continued last night at the Lansdowne Club, as FTSE 100 chairmen came to hear BAE Systems’ chairman Dick Olver outline his plans for reform. “It is not a matter of quotas; it is a question of better decisions in the boardroom,” said Olver, who [...]
HP wins $400m contract February 28, 2011 HP has won a $400m (£290m) contract to move Centrica to cloud- and utility-based computing. HP says the deal will “support Centrica’s change programme, improve speed of deployment, help lower costs and support the company’s environmental objectives.” HP will provide these services from two of its data centres in the UK.
FTSE edges down as IMF scandal cast shadow over markets May 16, 2011 The FTSE 100 fell in early trading as the arrest of IMF chief Dominique Strauss-Kahn threatened to derail crisis talks on eurozone debt. Strauss-Kahn, who denies a sexual assault charge in the US, was a pivotal player in tackling the eurozone debt mountain. A bailout package for Portugal is set to be given the green [...]
FTSE edges down as IMF scandal cast shadow over markets May 16, 2011 The FTSE 100 fell in early trading as the arrest of IMF chief Dominique Strauss-Kahn threatened to derail crisis talks on eurozone debt. Strauss-Kahn, who denies a sexual assault charge in the US, was a pivotal player in tackling the eurozone debt mountain. A bailout package for Portugal is set to be given the green [...]
Centrica takes on Connaught’s gas safety arm September 28, 2010 THE OWNER of British Gas has bought a chunk of Connaught’s surviving business and taken on 600 employees, the energy giant announced yesterday. Centrica paid £11.2m yesterday for the gas and electrical safety branch of Connaught Compliance, one of the few parts of the firm to escape administration. It has also bought Connaught’s training academy [...]
Centrica chairman Carr mulls role advising on defence cuts October 3, 2010 CENTRICA chairman Roger Carr has been approached by the government about taking a role on the board of the Ministry of Defence (MoD), as part of its plan to appoint business leaders to oversee efficiency drives across all Whitehall departments. A number of business grandees have already been sounded out about the roles by Lord [...]
BG Group says North Sea tax to cost £162m May 10, 2011 BG GROUP yesterday disappointed investors with a 25 per cent year-on-year drop in quarterly earnings, after taking a $265m (£162m) hit from the North Sea tax hike and reporting a five per cent production drop. Chief executive Frank Chapman was scathing about the government’s surprise levy on energy, which taxes gas firms on the same [...]