Centrica Share Discussion Threads

[netcurtains] 12/5/2021 07:40

....so sounds like Temujiin would make a nice unbiased journalist.
Sounds like he works for Times , Telegraph, Daily Mail, Sun , Express
axis powers.
Is Bojo Goebbels or Gerbils?
Who is Himmler - Pretti Patel?

[wendsworth] 11/5/2021 15:30

Kervet : First class post. As an investor in CNA I thank you for your apposite reminders. Interims should provide a clearer picture. Still see the share price as near to the 90 to 100p rang by financial year end ...particularly if further disposals come to fruition and the company continues to diversify into forward looking opportunities.

[korvet] 11/5/2021 08:35

Oh I know the likes of me are bottom if the food chain, but I think this was a pragmatic and realistic statement of events that shows a real world view so I see this a a postive. I know I am bias because I am invested but I generally keep my political views to myself and try and take a level non emotion view of an investment. My issue is when posters who are negative, and one wonders if they are invested, repost negative media stories that only focus on part of the story. As we know bad news sells and the Guardian, which is now so left its own readers read the morning star to get a more balanced view, posts negtive news about capital and companies. If they understood how a free market society works and the rights of the individual they may change their attitude but I think the lessons of Animal Farm or The Road to Serfdom haven't filtered down yet. K

[korvet] 10/5/2021 19:31

Not blaming the Guardian for how a company was managed, have issues with the focus on the bad news of companies that used to be state run and the constant left wing views. Will they run the fiasco of the reshuffle? Will they ask the hard questions of why the party that was created to support the unions and labour is shunned by the working class. Or will it be more of Boris the spiders carpets and wallpapers or how great the snp is?

[jd 1965] 10/5/2021 17:50

Alot of truth in there tho. Its also not the Guardian to blame for share price down from £4 to now. Mismanaged for years sadly for us shareholders and the workforce

[korvet] 10/5/2021 16:02

The continued focus on the negative. The biased reporting. The Marxist slant on businesses. Need I go on.

[jd 1965] 10/5/2021 15:45

What part dont you like

[hamhamham1] 10/5/2021 13:04

As Jonathan Woss would say :)

[hamhamham1] 10/5/2021 13:03

A wokal paper.
For wokal people.

[hamhamham1] 10/5/2021 13:02

Gotta love The Guardian ;)

[korvet] 10/5/2021 12:44

Left wing propaganda.

[korvet] 10/5/2021 12:44

Left wing propaganda.

[the grumpy old men] 10/5/2021 12:28

THE GUARDIAN


British Gas owner Centrica warns financial outlook is uncertain

Energy supplier’s parent company tells investors it has faced difficult start to the year amid pandemic

Jillian Ambrose

Mon 10 May 2021 11.40 BST

Last modified on Mon 10 May 2021 11.50 BST



The owner of British Gas has warned investors it has faced a difficult start to the year, weeks after sacking hundreds of its engineers through a controversial fire and rehire scheme to help turn the business around.

Centrica told its shareholders its financial outlook for the year was uncertain after the impact of the Covid-19 pandemic continued to drag on the business, which has struggled in recent years due to rising competition in the energy market.

In the first quarter of this year, demand for electricity was 15% lower than the year before among the company’s business customers, the company said in a trading update ahead of its annual shareholder meeting. Home boiler repairs and installations were 11% lower than the same time last year because non-essential home service visits were postponed to help prevent the spread of Covid-19.

The slump in home energy services was also due to a long-running series of strikes by thousands of its engineers in response to the company’s plan to toughen its employment contracts in an effort to boost productivity and become more competitive.

Under the fire and rehire plans, most of Centrica’s 20,000 staff were told to accept the new conditions, which would increase working hours for its engineers, or lose their jobs.

The company confirmed that 460 engineers were dismissed last month, as a result of what the GMB trade union has called “a dirty, bullying tactic”. A survey by the union found that more than three-quarters of the public believe that fire and rehire schemes should be made illegal.
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Chris O’Shea, who became Centrica chief executive last year, said his plans to modernise the company remained on track and “the difficult, but necessary process to move colleagues on to new terms and conditions is now complete”.

“We are pleased that 98% of UK colleagues have accepted the new contracts which will enable us to better serve the needs of our customers. Although the external environment remains uncertain, our tight focus on cash and on fixing the basics across the group leaves us well placed as we continue the turnaround of our company,” O’Shea said.

O’Shea hopes to save £100m in operational costs this year as part of a plan to stem the steady decline of the FTSE 250 energy company in recent years. British Gas has lost about 3 million household energy customers in the last decade following an influx of successful new energy startups. Centrica crashed out of the FTSE 100 after losing more than 70% of its market value in the last five years.

[the grumpy old men] 10/5/2021 12:28

THE GUARDIAN


British Gas owner Centrica warns financial outlook is uncertain

Energy supplier’s parent company tells investors it has faced difficult start to the year amid pandemic

Jillian Ambrose

Mon 10 May 2021 11.40 BST

Last modified on Mon 10 May 2021 11.50 BST



The owner of British Gas has warned investors it has faced a difficult start to the year, weeks after sacking hundreds of its engineers through a controversial fire and rehire scheme to help turn the business around.

Centrica told its shareholders its financial outlook for the year was uncertain after the impact of the Covid-19 pandemic continued to drag on the business, which has struggled in recent years due to rising competition in the energy market.

In the first quarter of this year, demand for electricity was 15% lower than the year before among the company’s business customers, the company said in a trading update ahead of its annual shareholder meeting. Home boiler repairs and installations were 11% lower than the same time last year because non-essential home service visits were postponed to help prevent the spread of Covid-19.

The slump in home energy services was also due to a long-running series of strikes by thousands of its engineers in response to the company’s plan to toughen its employment contracts in an effort to boost productivity and become more competitive.

Under the fire and rehire plans, most of Centrica’s 20,000 staff were told to accept the new conditions, which would increase working hours for its engineers, or lose their jobs.

The company confirmed that 460 engineers were dismissed last month, as a result of what the GMB trade union has called “a dirty, bullying tactic”. A survey by the union found that more than three-quarters of the public believe that fire and rehire schemes should be made illegal.
Business email signup

Chris O’Shea, who became Centrica chief executive last year, said his plans to modernise the company remained on track and “the difficult, but necessary process to move colleagues on to new terms and conditions is now complete”.

“We are pleased that 98% of UK colleagues have accepted the new contracts which will enable us to better serve the needs of our customers. Although the external environment remains uncertain, our tight focus on cash and on fixing the basics across the group leaves us well placed as we continue the turnaround of our company,” O’Shea said.

O’Shea hopes to save £100m in operational costs this year as part of a plan to stem the steady decline of the FTSE 250 energy company in recent years. British Gas has lost about 3 million household energy customers in the last decade following an influx of successful new energy startups. Centrica crashed out of the FTSE 100 after losing more than 70% of its market value in the last five years.

[bookbroker] 10/5/2021 08:24

Upgrades, I think not, but more news on corporate re-structuring maybe at the AGM, I want to hear about intentions for Spirit, it is possible they have already received unsolicited offers.

[cleverinvester] 10/5/2021 08:19

Come on Aspers I know your out there and you want to say told you so...

[wendsworth] 10/5/2021 08:19

Looking good for the future. Upgrades expected.