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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: 128.55
Bid: 129.05
Ask: 129.10
Change: 1.55 (1.22%)
Spread: 0.05 (0.039%)
Open: 127.90
High: 131.00
Low: 126.90
Prev. Close: 127.00
CNA Live PriceLast checked at -

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Ofgem launches review of British Gas prepayment meter installations

Tue, 21st Feb 2023 16:10

(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.

The energy regulator said the review would be "comprehensive, independent and wide-ranging".

Ofgem said it will look into whether British Gas took steps to help customers with debt before forcibly installing meters. It will also investigate whether the mental and physical capacity of customers was assessed before a prepayment meter was forced on them.

It will also investigate whether the people fitting meters for British Gas had the necessary skills - including the ability to assess the mental capacity and psychological state of the customer on the doorstep - and was "fit and proper" to enter customers' homes.

The regulator's chief executive Jonathan Brearley told BBC Radio 4's Today programme: "Clearly something has gone wrong in British Gas and what we're announcing today is a comprehensive, independent, wide-ranging review into what has happened there."

A spokesman for British Gas said: "We only install pre-payment meters under warrant as a last resort after all other options have been exhausted. This takes many months where there are multiple efforts to engage with a customer and the majority of the time, we can find a solution such as access to our support funds or payment plans - we've helped over 650,000 customers with their energy bills in the past year."

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29 Apr 2024 10:49

Octopus Energy becomes Britain’s largest home electricity supplier

LONDON, April 29 (Reuters) - Octopus Energy has become Britain's largest domestic electricity supplier by customer numbers, latest Ofgem data showed after the company added 1.3 million customers following its takeover of Shell Energy late last year.

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28 Apr 2024 18:52

Sunday share tips: Centrica, Lancashire Holdings

(Sharecast News) - The Sunday Times's Lucy Tobin told her readers to book their profits in Centrica and 'sell'.

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25 Apr 2024 07:56

REPEAT: Miner Anglo American reviews takeover bid from rival BHP

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

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25 Apr 2024 07:43

LONDON BRIEFING: Miner Anglo American eyes rival BHP takeover

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

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17 Apr 2024 09:33

LONDON BROKER RATINGS: BofA cuts Ashmore; JPMorgan lifts Fresnillo

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

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15 Apr 2024 11:56

LONDON MARKET MIDDAY: Oil falls despite rising Iran-Israel tensions

(Alliance News) - London's FTSE 100 was down at midday on Monday, as oil majors BP and Shell were hurt by falling prices, with investors showing caution following Iran's strikes on Israel over the weekend.

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11 Apr 2024 14:15

STMicroelectronics lands Centrica deal for renewable energy in Italy

(Alliance News) - STMicroelectronics NV on Thursday said it has signed a long-term agreement with Centrica PLC for the supply of electricity produced from renewable sources in Italy.

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11 Apr 2024 11:50

LONDON MARKET MIDDAY: Europe takes hit on nerves ahead of ECB decision

(Alliance News) - European equities sunk lower at midday on Thursday, with sentiment hurt by hotter-than-expected inflation from the US crushing hopes of interest rate cuts.

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4 Apr 2024 10:05

TOP NEWS: Ocado chair to step down to focus on NatWest role

(Alliance News) - Ocado Group PLC said on Thursday that its chair intends to step down next year, as "pressure" on his time will grow after taking on the position at lender NatWest Group PLC.

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28 Mar 2024 16:08

London close: Stocks finish firmer ahead of Easter break

(Sharecast News) - London's equity markets closed higher on Thursday ahead of the Easter break, despite lingering concerns over the UK's recessionary status in the latter part of last year.

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18 Mar 2024 15:33

London close: Stocks slip ahead of central bank decisions

(Sharecast News) - London markets closed with a slight downturn on Monday as investors monitored upcoming rate decisions from a number of central banks.

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18 Mar 2024 09:22

RBC Capital downgrades Centrica

(Sharecast News) - RBC Capital Markets downgraded British Gas owner Centrica on Monday to 'sector perform' from 'outperform' as it revisited the company's capex opportunities and assessed where it now stands on future growth options.

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18 Mar 2024 09:11

LONDON BROKER RATINGS: Exane raises Rentokil; RBC cuts Centrica

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

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18 Mar 2024 07:44

LONDON BRIEFING: FTSE 100 called up on week of central bank decisions

(Alliance News) - Stocks in London are expected to tread water on Monday, as investors look ahead to a busy week of interest rate decisions.

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4 Mar 2024 19:05

IN BRIEF: Centrica starts next GBP250 million tranche of buyback

Centrica PLC - Windsor, England-based owner of British Gas - Starts next GBP250 million tranche of its GBP1 billion share buyback programme. The aim of the programme is to reduce the capital of the company. Centrica intends that the bought back shares will be cancelled or held in treasury pending their cancellation.

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