Shares in Centrica (CNA) hit a new 12-month of 151p (24 February) not long after the British Gas owner announced better-than-expected results and a £500 million share buyback.Although the FTSE 100 company's EBITDA (earnings before interest taxation depreciation amortisation) for the full year ending 31 December 2024 were lower than 2023, a bumper year for the company, shareholders were...

Results beat expectations as buyback unveiled2025 outlook unchangedShares gain 12% over the past yearShares in Centrica (CNA) were in demand on better-than-expected results and the unveiling of a share buyback. The stock was up more than 10% to 149p in morning trading despite a fall in EBITDA (earnings before interest taxation depreciation amortisation) to £2.3 billion for the full year...

Decision made after detailed reviewMove will help to maintain UK grid stabilityShares down 8% year-to-dateShares in British Gas owner Centrica (CNA) were marginally higher in morning trading after the company announced the extension of its four AGR (operational Advanced Gas-cooled Reactor) nuclear power stations alongside partner, EDF.Chris O'Shea, CEO of Centrica said: 'Today's extensions to...

Wetherspoon chair sells 1% of companyCreightons and hVIVO executives sell upAssetco director adds to holdingTim Martin, chairman of pub group JD Wetherspoon (JDW), sold 1,361,000 shares at 739p each for a total value of more than £10 million on 29 July.As a result of the deal, Martin's voting rights now comprise of 30,382,253 shares, equivalent to 24.6% of the issued share capital of the...

Stock prices were mostly higher at midday on Wednesday as markets prepared for possible rate cuts in Europe and Canada, with a boost for Smith & Nephew but a slump for B&M European despite strong earnings.The FTSE 100 was up 24.43 points, 0.3%, at 8,256.47. The FTSE 250 was down 13.88 points, 0.1%, at 20,704.11, and the AIM All-Share was up 3.53 points, 0.4%, at 801.73.The Cboe UK 100 was up...

Group profitability weighted to first halfShares down more than 5% year-to-dateInterim results will be released on 25 JulyShares in Centrica (CNA) were down more than 5% to 135p in morning trading despite the utilities firm saying trading so far this year had been 'in line' with expectations against a backdrop of a more 'normalised' external environment.Investors might have been spooked by the...

Stock prices in London opened higher on Wednesday, beating Asian peers which trended lower over night, and following a flatter session in the US.The FTSE 100 index opened up 34.20 points, 0.4%, at 8,347.87. The FTSE 250 was up 30.83 points, 0.2%, at 20,443.91, and the AIM All-Share was up 1.94 points, 0.3%, at 778.36.The Cboe UK 100 was up 0.4% at 833.39, the Cboe UK 250 was up 0.3% at...

Stock prices in London were higher on Thursday morning on news the UK has officially entered a mild recession, raising Bank of England interest rate cut hope.The economic figures could also carry political significance, as the UK prime minister faces a pair of by-election tests.On the corporate front, results from British Gas owner Centrica impressed. Among mid-caps Genus plunged on a China...

Investors in British Gas owner Centrica (CNA) will be watching closely to see if it can hit forecasts against a normalised energy price backdrop when it reports full year results on 15 February.Analysts are forecasting earnings per share for the full year ending 31 December of 30.5p.In July 2023, the firm reported first half revenue up 60% to £16.5 billion due to higher energy prices. The...

The Schroder Recovery Fund (B3VVG60) aims to generate capital gains superior to the FTSE All-Share Total Return Index, net of fees, over a three- to five-year horizon by investing in 'UK companies which have suffered a severe setback in either share price or profitability'.The fund was launched back in 1970 and has stood the test of time, beating its target return over one, three and 10 years...

Shares in British Gas owner Centrica (CNA) have risen by150% in value since October 2022. Those gains increase to 420% if you go back to April 2020.'Centrica's share price recovery since Covid lows has been meteoric, as the company successfully navigated volatile market conditions, culminating in increased buybacks and dividend growth,' says Berenberg analyst Marc Ip Tat Kuen.While impressive,...

Stock prices in London rose in the morning on Thursday, as investors eye a key interest rate decision from the European Central Bank, just a day after the US central bank lifted its rates.The FTSE 100 index was up 16.29 points, 0.2%, at 7,693.18. The FTSE 250 was up 144.87 points, 0.8%, at 19,331.41, and the AIM All-Share was up 2.87 points, 0.4%, at 769.02.The Cboe UK 100 was up 0.3% at...

British Gas arm reports record profitBoosted by lifting of energy price capDividend up by a third and buyback extendedThe latest first-half results from British Gas owner Centrica (CNA) have received a warm welcome from investors but may get a frostier reception elsewhere as households continue to struggle with their energy bills.The company posted a pre-tax profit of £6.4 billion, as opposed...

Markets in Europe received a double boost on Tuesday, with an easing of US inflation and hope for stimulus measures in China lifted stocks.Inflation in the UK is running hotter than the Bank of England would like, however. The spotlight was back on Threadneedle Street on Tuesday after UK jobs data and as Governor Andrew Bailey speaks in front of a House of Lords committee.Among individual...

Profit to be at top end of expectationsBoosted by regulatory changes which allow its British Gas operation to reclaim losses for selling at capped pricesShares up 50% over last 12 monthsUtilities firm Centrica (CNA) is guiding for 2023 profit to be at the top end of expectations after the group's one-time problem child, retail division British Gas, enjoyed strong performance.In an update ahead...

This week's case study involves Chris, who is in his early 50s and has been investing 'seriously' for the last 20 years or so.Chris takes what you might call a 'classic' approach to investing, with a large core of dividend-paying stocks in his SIPP (self-invested personal pension), which he lets compound by re-investing his dividends, and a clutch of more racy stocks in his ISA (individual...

Utility services supplier Telecom Plus (TEP), which trades as Utility Warehouse, has seen its share price plunge nearly 30% since the start of December.There have been unhelpful headlines for the industry around Centrica (CNA) owned British Gas using bailiffs to fit pre-payment meters and an ill-advised expenses-paid trip to the Maldives for Utility Warehouse partners was crass.However there...

Finally, everyone is talking about UK stocks. The spotlight is back on the country after the UK's FTSE 100 was one of the few major indices globally to record positive returns in 2022 and this year it has broken through the 8,000 level and hit a new record high. Hopefully, this will lead to the return of foreign investors who have shunned the UK since the Brexit vote in 2016.Investors can...

Using data from Stockopedia, Shares has searched for the companies with the best earnings upgrades for this year and next over the last month.We also noted their performance over the same period to see how much the upgrades had lifted the share prices, and the evidence is clear: all else being equal, upgrades tend to lead to outperformance.Top of this month's list is 'challenger' gas,...

Royal Mail continues to be disrupted by strike action amid an escalating dispute over work, pay and conditions. With no end to the dispute in sight, it is possible that the parent company's dividend could become a political issue.The firm, which is owned by International Distributions Services (IDS), last month blamed strikes and falling parcel volumes as it swung to a loss of £127 million...