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23 февраля, 17:37

Best of Lex: your weekly round-up

Vix funds, HK warrants, Venezuelan cryptobabble, Centrica, Cerberus, Rovio and more

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22 февраля, 17:51

Centrica: apology tour

Cutting costs and optimising its customer base will buy the energy supplier some time

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22 февраля, 15:10

Centrica to shed another 4,000 jobs as profits fall 17%

British Gas owner blames looming UK government price cap on energy bills

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22 февраля, 12:32

British Gas owner to cut 4,000 jobs blaming price cap and competition

Centrica profit falls nearly 20% as it expands cost-cutting drive to save extra £500m a yearCentrica, the owner of British Gas, will shed a further 4,000 jobs by 2020 as part of a cost-cutting programme, which it blamed on the government’s energy price cap and fierce competition in the market.Britain’s largest energy company reported a fall of nearly 20% in operating profit to £1.25bn in 2017, owing to poor performance in its business energy supply and North America divisions. Continue reading...

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22 февраля, 11:07

British Gas parent Centrica's stock rises 3.1% following results

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

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22 февраля, 10:42

British Gas owner Centrica to cut 4,000 jobs after 'weak' year

The cuts come after what Centrica said was a "weak" performance at the end of 2017.

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22 февраля, 10:33

British Gas owner Centrica expresses ‘deep regret’ over poor results

A further 4,000 jobs will be cut by 2020

19 февраля, 17:02

Frontrunning: February 19

Russian Curler Fails Drug Test, Authorities Explore Sabotage Possibility (WSJ) Here’s Who Is Winning in the Pyeongchang Winter Olympics (BBG) Russian magnate Deripaska to quit roles at his two biggest firms (Reuters) Iranian Airline Bought U.S. Jet Parts Through Front Firms (WSJ) One CEO Says Dalio Will Lose on European Bank ‘Big Short’ (BBG) For timing of Aramco IPO, watch forward oil price curve (Reuters) U.S. Oil Exports Go Up a Gear as Supertanker Sets Sail for China (BBG) Family Who Housed Florida Shooter Describes the Days Before the Attack (WSJ) This Short Seller Pressed ‘Tweet.’ Then the FBI Showed Up (BBG) Latvia's banking sector rocked by U.S. probe, central bank chief's detention (Reuters) Trump blasts Oprah over 60 Minutes episode (Reuters) Why Was Facebook So Easy to Hijack? (WSJ) Russia Warns U.S. Not to ‘Play With Fire’ in Syria (BBG) The Russian journalist who helped uncover election interference is confounded by the Mueller indictments (WaPo) Sweden Is Getting Worried About Its Cashless Society (BBG) Why the iPhone Is Losing Out to Chinese Devices in Asia (WSJ) U.S. Oil Exports Go Up a Gear as Supertanker Sets Sail for China (BBG) This Trader Quietly Built a Real Estate Empire in Downtown New York (BBG) Private Trades in Spotify Shares to Play Key Role in Debut (WSJ) Overnight Media Digest   FT UK millennials, those born since 1981, have seen a deterioration in living standard improvements compared to the previous generation, setting them apart from most other developed nations, according to research from the Resolution Foundation think-tank. British Prime Minister Theresa May on Monday will initiate an effort to rebalance post-secondary education away from universities towards vocational study as she announces a long-awaited review of all aspects of tertiary education. The scandal at Oxfam, one of the world’s biggest disaster relief charities, will deter wealthy donors from giving money to big charities, private bankers and analysts have warned.     Britain The Times SPONSORED - Centrica Plc Chief Executive Iain Conn is preparing to unveil plans to slash costs at British Gas, raising fears of more job losses as he fights to shore up Centrica's dividend. bit.ly/2CsDg2Z - The governor of Latvia's central bank, a member of the European Central Bank's governing council, was arrested and interviewed by anti-corruption police on Sunday, prompting calls for him to resign. bit.ly/2CrOHI1 The Guardian - The average price of a UK property coming on to the market has risen by more than 2,400 pounds ($3,369.60) in a month to just over 300,000 pounds amid evidence of "record" levels of house-hunting activity, according to Rightmove. bit.ly/2CtV6Ti The Telegraph - UK's Competition and Markets Authority is launching a crackdown on cartels after the success of its first advertising campaign led to a rise in tip-offs about illegal activity. bit.ly/2CvI4o8 - One of Carillion Plc's largest shareholders, Kiltearn Partners, was lining up to sue the group for loss of its clients' money when the firm collapsed, as investors said the board failed to effect change as the company ­floundered. bit.ly/2CtW1TD Sky News - The UK boss of Tesco Plc will this week become one of the youngest chairmen of a FTSE-350 company when he takes the reins at N Brown Group Plc, the online retailer. bit.ly/2CsQMnh - Prime Minister Theresa May is set to admit that students in England face one of "most expensive systems of university tuition in the world" as she announces a wide-ranging review of funding for further and higher education. bit.ly/2CvMI5t The Independent - Theresa May is facing a call for an early vote in the Commons on whether to press ahead with contentious plans to slash the number of MPs from 650 to 600. ind.pn/2HtJp2G

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19 февраля, 09:30

Small energy suppliers top uSwitch customer satisfaction survey

‘Big six’ companies left behind as Octopus Energy, Bulb and Utility Warehouse take first three places Two small energy suppliers have left the “big six” trailing when it comes to customer satisfaction, according to the biggest survey of its kind.The success of Octopus Energy and Bulb sends a message to larger, more established players such as British Gas and Npower that customers will look elsewhere if they do not feel they are being treated properly, said the price comparison and switching service uSwitch.com. Continue reading...

23 января, 20:29

A New Era for Energy Politics

The established energy landscape is crumbling, as oil producers lose their influence and countries race to establish control over new markets. Who are the new players poised to control the resource politics of the future? Simultaneous interpretation in English and Mandarin Chinese · Fatih Birol, Executive Director, International Energy Agency, Paris · Iain Conn, Group Chief Executive, Centrica, United Kingdom · Gao Jifan, Chairman and Chief Executive Officer, Trina Solar, People's Republic of China · Isabelle Kocher, Chief Executive Officer, ENGIE, France · Mohammed Saleh Al Sada, Minister of Energy and Industry of Qatar With · Rick Perry, Secretary of Energy of the United States Moderated by · Tian Wei, Host, World Insight with Tian Wei, China Global Television Network (CGTN), People's Republic of China http://www.weforum.org/

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26 ноября 2017, 10:00

Industrial strategy must put the whole country on the map to lift the UK

An OBR-style watchdog has been appointed to monitor progress, but it needs teethThat’s the budget out of the way – now for the main course. The government’s white paper on industrial strategy, to be unveiled on Monday, could be a far more significant moment for the UK economy than chancellor Philip Hammond’s set of safety-first policy tweaks.The budget measures, in any case, were completely overshadowed by the Office for Budget Responsibility’s gloomy economic forecasts and its downgrade of the UK’s productivity growth. It is only the new industrial strategy, 16 months in the making, that stands a serious chance of improving the UK’s performance. Continue reading...

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26 ноября 2017, 10:00

Centrica boss Iain Conn has had few reasons to be cheerful in 2017

Last week’s fall of Centrica shares, amid a loss of British Gas customers, capped a turbulent period for the chief executiveWhen Iain Conn – the vintage-Jaguar-owning boss of Centrica – built a new garage at his home, the planning application reportedly cited the need to protect the smooth old machine from “bird droppings”.That submission probably referred to the car rather than the old charmer himself, but considering the year that Conn has endured, it might be shrewd for him to take personal precautions. Continue reading...

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24 ноября 2017, 16:00

Best of Lex: your weekly round-up

Centrica, HP, UK Budget, housebuilders, NH/Barcelo, AT&T/Time, Asia markets, BoJ, Taylor Swift, Uber

24 ноября 2017, 15:05

Польша решила научить ЕС, как ему с США торговать

Так сколько же будет стоить для Варшавы американский газ? Представитель правительства Польши по вопросам стратегической энергетической инфраструктуры Петр Наимский оценил подписанный недавно контракт между польским нефтегазовым концерном PGNiG и компанией Centrica LNG на поставку 9 судов СПГ как «исторический». Напомним, что первая транспортировка сжиженного газа в Польшу состоится в следующем году, он будет доставляться морем на терминал в Свиноуйсьце из терминала сжижения Sabine Pass в Луизиане в течение пяти лет.

24 ноября 2017, 14:52

Польша решила научить ЕС, как ему с США торговать

Так сколько же будет стоить для Варшавы американский газ?.   Представитель правительства Польши по вопросам стратегической энергетической инфраструктуры Петр Наимский оценил подписанный недавно контракт между польским нефтегазовым концерном PGNiG и компанией Centrica LNG на...

24 ноября 2017, 09:00

Thames Water explains why nationalisation is suddenly popular | Nils Pratley

Privatised utility was seen as a financial instrument paying fat dividends to offshore owners while short-changing customers. Its new boss seems to think that game is now upHang out with executives from water companies and you’ll quickly learn than everybody loathes Thames Water. Insiders blame the firm for spoiling the reputation of the entire industry. They wonder if Labour’s calls for re-nationalisation would score so well in opinion polls if Thames hadn’t so precisely fulfilled the caricature of a privatised water utility – the one that draws firms as financial engineers who pay fat dividends to offshore owners while short-changing customers.Not all those peers have pristine records themselves, but you can understand why they point at Thames. The company’s current corporate structure is baffling to ordinary mortals. Two Cayman Islands entities sit below the regulated utility and a chain of five companies stands between the main company and its shareholders. Complexity is one reason why it was impossible for outsiders to calculate the returns made by Macquarie during its decade as Thames’ dominant shareholder. Nobody, however, disputes that the Australian financial house made a packet. Continue reading...

23 ноября 2017, 22:06

Centrica investors blindsided by America woes

US and Canada operations hit by subdued demand and plentiful supply

23 ноября 2017, 20:12

Акции британской Centrica обвалились на 15,5%

Крупнейшая энергетическая компания Британии испытала наиболее серьезный однодневный обвал котировок в своей истории, потеряв более 1 миллиарда фунтов рыночной капитализации.

06 марта 2014, 00:40

Centrica: энергобезопасность Британии под угрозой

Великобритании необходимо срочно искать новые источники энергии. Собственная добыча нефти и газа падает, при этом зависимость от импорта энергоносителей растет. С такой оценкой ситуации выступил Сэм Лэйдлоу, глава крупнейшей газовой компании Centrica.

06 марта 2014, 00:40

Centrica: энергобезопасность Британии под угрозой

Нефтяные платформы Gullfaks А и Gullfaks С в Северном море Великобритании необходимо срочно искать новые источники энергоносителей. Собственная добыча нефти и газа стремительно падает, при этом зависимость страны от импорта энергоносителей растет. С такой оценкой ситуации выступил Сэм Лэйдлоу, глава крупнейшей в Великобритании газовой компании Centrica.  Комментарии главы Centrica прозвучали в рамках ежегодной конференции по энергетике CERAWeek в Хьюстоне, США.  Сэм Лэйдлоу, генеральный директор Centrica   "Сегодня Великобритания импортирует около половины необходимого газа. При этом добыча нефти и газа в Северном море за последние три года упала на 38%. К 2020 г. доля импортируемого газа в энергобалансе Великобритании вырастет до 70%. Мы находимся в зависимом положении от стран-экспортеров энергоносителей, это ослабляет энергетическую безопасность Великобритании. Нам нужно срочно найти какое-то решение в этой ситуации”.   Импорт нефти и газа в Британии на максимуме с 1976 г В Великобритании падает добыча и растет импорт нефти В последние годы на фоне истощения месторождений в Северном море в Великобритании наблюдается четкая тенденция по сокращению собственных объемов добычи нефти и газа и существенный рост импорта энергоносителей. Об этой ситуации в 2012 и 2013 гг. сообщало Министерство энергетики и изменения климата Великобритании. Министр энергетики и развития бизнеса Великобритании Майкл Феллон в ноябре 2013 г. заявил, что к 2030 г. доля импорта природного газа со стороны Великобритании вырастет до 75%.