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Pin to quick picksCentrica Share News (CNA)

Share Price Information for Centrica (CNA)

London Stock Exchange
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Share Price: 132.00
Bid: 131.55
Ask: 131.65
Change: 1.85 (1.42%)
Spread: 0.10 (0.076%)
Open: 130.35
High: 132.20
Low: 128.95
Prev. Close: 130.15
CNA Live PriceLast checked at -

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FTSE 100 closes above 8,000 on positive Centrica, StanChart earnings

Thu, 16th Feb 2023 17:31

Centrica, StanChart jump on upbeat earnings

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Vodafone up on report exploring options for African Unit

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FTSE 100 up 0.2%, FTSE 250 flat

Feb 16 (Reuters) - Britain's internationally-focussed FTSE 100 on Thursday closed above 8,000 points for the first time as upbeat earnings from Centrica and Standard Chartered countered global risk-off sentiment after hotter-than-expected U.S. inflation data.

The blue-chip FTSE 100 gained 0.2%, off an intra-day record high hit earlier in the day, but still at its highest ever closing level of 8,012.53 points.

The exporter-heavy index has had a stellar start to the year, gaining 7.5% so far as positive corporate earnings and rising commodity prices supported the index.

Data showed U.S. producer prices rose more than expected in January while jobless claims unexpectedly fell, fanning speculation the U.S. Federal Reserve would keep raising interest rates for longer than expected.

"The fact that it (inflation) hasn't weakened has given the market bit of a reason to pause," said Chris Beauchamp, chief market analyst at IG Group.

"Having rallied so much, the index does need a lot of good news to drive it higher from here. But we might be at risk of running out of that in the short term."

The domestically-focussed FTSE 250 midcaps closed flat.

Shares of Centrica jumped to top the FTSE 100, adding 5.7%, after the British Gas owner's annual profit more than tripled and it announced an extension of its share buyback programme.

Standard Chartered rose 4.1% after the lender reported a 28% rise in annual pretax profit and unveiled a $1 billion share buyback.

Meanwhile, investors will have an eye out for Bank of England Chief Economist Huw Pill's speech on the UK economy later in the day.

Among individual stocks, pharmaceutical company Indivior tumbled 13.6% after reporting its full-year results, tanking to the bottom of FTSE 250.

Shares of Vodafone rose 2.3% on a report the telecom company is exploring options for its African unit Vodacom. Gains in the stock lifted the telecommunications sector up 2.3%. (Reporting by Shashwat Chauhan and Shristi Achar A in Bengaluru; Editing by Sherry Jacob-Phillips and Mark Potter)

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28 Feb 2023 14:09

UK subsidies for Octopus takeover of rival unlawful, court told

LONDON, Feb 28 (Reuters) - The British government granted billions of pounds in unlawful subsidies to Octopus Energy to take over collapsed energy supplier Bulb, three major rivals told a London court on Tuesday as they try to overturn the deal.

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28 Feb 2023 09:27

LONDON BROKER RATINGS: JPMorgan cuts Mondi; Rolls-Royce raised

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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28 Feb 2023 06:07

Energy companies bring bid for UK High Court challenge over Bulb sale

(Alliance News) - Three energy companies are due to bring a UK High Court challenge over the sale of collapsed energy company Bulb to Octopus Energy.

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22 Feb 2023 09:51

LONDON BROKER RATINGS: Credit Suisse raises WPP; DB cuts IHG to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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21 Feb 2023 16:10

Ofgem launches review of British Gas prepayment meter installations

(Sharecast News) - Ofgem said on Tuesday that it has launched an investigation into Centrica's British Gas after it emerged that their subcontractors were breaking into homes to fit prepayment meters.

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21 Feb 2023 11:14

TOP NEWS: Ofgem launches probe into Centrica's British Gas

(Alliance News) - Ofgem has announced a "comprehensive, independent and wide-ranging review" into Centrica PLC's British Gas after its subcontractors were revealed to be breaking into homes to fit prepayment meters.

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17 Feb 2023 07:33

Citi reiterates 'buy' on Centrica after results

(Sharecast News) - Citi reiterated its 'buy' rating on Centrica on Friday following a "strong" set of results a day earlier and as it highlighted the potential for further cash return to shareholders after the announced second tranche of share buyback.

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16 Feb 2023 19:06

U.S. LNG producers poised to leapfrog rivals with three new projects

NEW YORK, Feb 16 (Reuters) - At least three proposed U.S. liquefied natural gas (LNG) export plants have likely found enough customers to receive financial approvals this year, according to Reuters calculations, developments that would make the country the world's largest LNG exporter for years to come.

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16 Feb 2023 16:55

LONDON MARKET CLOSE: Records for FTSE and CAC but US PPI hits New York

(Alliance News) - Blue-chip benchmarks in London and Paris hit record highs on Thursday, with the FTSE 100 managing to cling to its daily gain, despite some weakness following US producer price data.

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16 Feb 2023 12:19

CORRECT: LONDON MARKET MIDDAY: FTSE 100 stays above 8,000

(Correcting the GBPUSD quote).

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16 Feb 2023 12:07

LONDON MARKET MIDDAY: FTSE 100 stays above 8,000 as Centrica jumps

(Alliance News) - Stock prices in London were higher at midday on Thursday, with London's flagship index still trading above the 8,000 mark on the back of strong performances from Centrica and Relx.

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16 Feb 2023 08:49

LONDON MARKET OPEN: FTSE 100 tops 8,000; Centrica is star performer

(Alliance News) - Stock prices in London opened higher on Thursday, with London's blue-chip index pushing past the 8,000 mark once again, a day after it first broke the barrier.

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16 Feb 2023 08:33

TOP NEWS: Centrica swings to statutory loss but adjusted profit soars

(Alliance News) - Centrica PLC on Thursday reported it swung to a statutory loss in 2022 on re-measurement and higher operating costs, but adjusted profit tripled as revenue surged 84%.

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16 Feb 2023 07:55

LONDON BRIEFING: Centrica, Indivior swing to loss; StanChart bullish

(Alliance News) - Stocks in London were set to open higher on Thursday, with the FTSE 100 called to push past the 8,000 mark again at the open.

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