Centrica Share Discussion Threads

[gadgie2] 21/9/2021 08:57

At the start of 2021 there were 70 energy suppliers in the UK but it is feared as few as 10 could be left by the end of the year. A senior executive at one of the UK’s largest energy companies said the estimate that 10 would survive is “optimistic221;, the BBC reported.

[waldron] 21/9/2021 07:03

European markets set for higher open despite nerves over China; Fed meeting ahead

Published Tue, Sep 21 202112:40 AM EDTUpdated An Hour Ago

Holly Ellyatt
@HollyEllyatt
cnbc


Key Points

European stocks are expected to open higher on Tuesday, bouncing back from heightened investor nerves over a Chinese property developer and ahead of a two-day meeting of the U.S. Federal Reserve.

London’s FTSE is seen opening 42 points higher at 6,949, Germany’s DAX 75 points higher at 15,209, France’s CAC 40 up 19 points at 6,464 and Italy’s FTSE MIB 122 points higher at 24,814, according to IG.

[careful] 20/9/2021 22:45

Centrica statement today said that they were well hedged for this winter.

Why does everyone hate the big suppliers so much?
These smaller cowboys deserve to go bust.

The way this issue is reported.
Energy prices and food prices are going up.
Get over it, we are going to be poorer.

[waldron] 20/9/2021 19:21

dipa11
20 Sep '21 - 19:19 - 3858 of 3858
0 0 0




Last Signal: BUY

Last Close:
53.42

Change:
+2.34

Percent change
+4.58%

Signal Update

Our system’s recommendation today is to BUY. The pattern finally received a confirmation because the prices crossed above the confirmation level which was at 51.08, and our valid average buying price stands now at 51.26. The previous SHORT signal was issued on 16/09/2021, 4 days ago, when the stock price was 50.84. Since then CNA.L has risen by +0.83%.

Market Outlook

The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a new profit. Do not miss this chance.

[dipa11] 20/9/2021 19:19

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=CNA.L

[wigwammer] 20/9/2021 15:45

Consolidating end market + rising value of gas production assets = shorters gone very quiet :)

[action] 20/9/2021 15:43

Time to create uk champions.

[hifc231] 20/9/2021 13:29

Why is this steaming pile of "C" going Up? I got a watch list of about 30 companies all RED today, yet good old faithful isn’t playing ball? Normally Centrica goes down when the market goes up and goes down again when the market goes down....... Has the stock market forgotten to suppress this today?

Think they will give their game away if someone has forgotten to press the artificial suppress button ?

[american idiot] 20/9/2021 12:14

Followed by........

· Spirit Energy adjusted operating profit increased from £34m to £104m, with the effect of higher wholesale commodity prices beginning to flow through to achieved oil and gas prices. This more than offset the impacts of lower production volumes.

[disc0dave45] 20/9/2021 12:10

Spirit - "However, full year production is expected to be around 15-20% lower for the full year than 2020 production of 44.9mmboe, compared to an expected 10% decline at the start of the year."

[bookbroker] 20/9/2021 08:54

Mitigated by that gas contact that is heavily loss-making, they’d be better off keeping Spirit.

[american idiot] 20/9/2021 08:42

Spirit Energy will be making a nice killing on gas + oil prices

This will result in the value of Spirit Energy increasing significantly should Centrica choose to sell still.

Win/win for shareholders.

[waldron] 20/9/2021 07:47

European markets head for lower open as investors prepare for Fed meeting

Published Mon, Sep 20 20211:32 AM EDT

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to open lower on Monday as global markets contend with concerns over the U.S. Federal Reserve’s tapering timetable.

Britain’s FTSE is seen opening 36 points lower at 6,904, Germany’s DAX 117 points lower at 15,333, France’s CAC 40 down 56 points at 6,494 and Italy’s FTSE MIB 286 points lower at 25,064, according to IG.

[waldron] 19/9/2021 20:56

xxxxxy
19 Sep '21 - 20:48 - 18318 of 18318
0 0 0
U.K. Energy Firms Locked In Emergency Talks With Government

(Bloomberg) -- Energy companies and the U.K. government will hold a third day of crisis talks as a surge in gas and electricity prices threatens to put more suppliers out of business and squeeze consumers.

Business Secretary Kwasi Kwarteng warned Sunday that with suppliers under pressure, the government has a plan to put a special administrator in place in the event of companies’ failure. He’s convened a discussion with the energy industry on Monday to chart a path forward.

The meeting comes after talks over the weekend with companies including Centrica Plc, Britain’s biggest supplier, and EDF Energy, as well as two gatherings with U.K. energy regulator Ofgem.

Rising energy bills are giving rise to concerns about inflation as well as potential hardship for millions of lower-income Britons over the winter. Seven energy suppliers in the U.K. have failed this year and there are concerns more will do so as prices rise, exposing unhedged companies that have sold energy to customers at lower levels than they can now buy in the market.

Gas prices in the U.K. have almost tripled this year due to a supply crunch, forcing some industrial users to curb production and sending ripples through the food-supply chain.

“Ofgem continues to work closely with government and industry to ensure consumers continue to be protected while global gas prices are high and will speak further on these issues at the industry round table tomorrow,” the regulator said in a statement on Sunday.

The energy industry is demanding a multi-billion-pound emergency package from the government, including a mechanism to absorb potentially unprofitable customers from smaller competitors that have failed, the Financial Times reported on Sunday. A decision hasn’t yet been made, the paper said.

The government and Ofgem plan to create a special administrator to step in if there are no takers for the customers of a failed company, Kwarteng said in a tweeted statement.

A supplier would have to buy power and gas for any new customers in the wholesale market, where prices are near record highs.

“Some energy companies are facing pressure,” Kwarteng tweeted. “Ofgem has robust measures in place to ensure that customers do not need to worry, their needs are met, and their gas and electricity supply will continue uninterrupted if a supplier fails.”

The cost is typically pooled among energy companies and then passed on to consumers when an energy supplier goes under. There are also contributions toward renewables subsidies and security of supply measures that all suppliers have to pay. These unpaid bills will be shared around the companies still left.

Ofgem chooses a new supplier for customers following a competitive bidding process but they can leave at any point. The regulator advises people to ask the new company to put them on their cheapest tariff or shop around and find a new deal.

Monopoly Fears

For example, EDF was chosen to take on the 220,000 household customers of failed Utility Point on Sept. 17.

“If the current situation continues then there will be a risk the winter becomes one where the market goes back in time, and a monopoly returns leaving just a handful of energy suppliers,” said Steven Redmayne, chief operating officer of Green Supplier Ltd, a small supplier in the northeast of England. “This will reduce competition and harm customers’ choices and increasing the price they pay.”

Kwarteng on Sunday met with Tony Will, chief executive officer of CF Industries Holdings Inc. after the fertilizer company said it was shutting two plants in the U.K. because of high gas prices.

CF Industries makes carbon dioxide (C02) as a byproduct, which has multiple uses in food packaging and transport, as well as in slaughterhouses and in the medical industry.

“We discussed the pressures the business is facing and explored possible ways forward to secure vital supplies, including to our food and energy industries,” Kwarteng said.

(Adds detail from 9th paragraph)

More stories like this are available on bloomberg.com

Yahoo Finance

[careful] 18/9/2021 22:18

4 more energy suppliers about to go bust.
It seems a pop in gas prices has killed off the switching farce.

Long term this could be good for Centrica.
Switching to a cheaper suppliers because they can buy some cheap gas on the spot market turns in to nightmare as they quickly go bust.

The West have been trying to cripple Putins economy for years.
Now Russia is retaliating.

Russians are used to hardship, we are spoiled and pampered.

[florenceorbis] 18/9/2021 14:38

dipa11
18 Sep '21 - 14:17 - 3845 of 3845
0 0 0

[dipa11] 18/9/2021 14:17

https://m.marketscreener.com/news/latest/UK-business-minister-meets-energy-bosses-over-soaring-gas-prices--36457025/

[waldron] 17/9/2021 07:48

European markets set for slightly higher open as global sentiment remains tepid

Published Fri, Sep 17 20211:30 AM EDT

Elliot Smith
@ElliotSmithCNBC


Key Points

August’s U.K. retail sales are due before the bell on Friday, while a slew of euro zone harmonized inflation figures are expected later in the morning.

Investors in recent days have been reacting to softer U.S. inflation data which tempered expectations of imminent tapering of asset purchases by the Federal Reserve, and weak retail sales figures from China, which suggested a slowdown in the global economic recovery.

LONDON — European markets are set to nudge higher on Friday, outpacing other major markets as global investors continue to weigh the prospect of slowing economic growth.

Britain’s FTSE 100 is seen around 40 points higher at 7,067, Germany’s DAX is set to climb around 80 points to 15,732 and France’s CAC 40 is expected to add around 39 points to 6,661, according to IG data.

Shares in Asia-Pacific were mixed on Friday after taking losses for much of the week as concerns about China’s regulatory crackdown and slowing global growth weighed on risk sentiment. China Evergrande Group shares continued to plummet amid fears over its debt problems.


Stateside, stock futures were muted in early premarket trading as investors remain cautious during the traditionally weak month of September.

[norma_noog] 16/9/2021 12:57

My broker got this wrong. Talking about 78p by the end of September. Be fortunate to see 55p! Avoid until there is positive news, probably next year if we are very lucky.

[waldron] 16/9/2021 07:11

European markets head for slightly higher open as global stocks search for direction

Published Thu, Sep 16 20211:17 AM EDT

Elliot Smith
@ElliotSmithCNBC


Key Points

U.S. jobless claims data is set to be released Thursday, with economists polled by Dow Jones expecting a total of 320,000 Americans filed for unemployment insurance last week.

Investors in recent days have been reacting to softer U.S. inflation data, which tempered expectations of imminent tapering of asset purchases by the Federal Reserve, and weak retail sales figures from China, which suggested a slowdown in the global economic recovery.

LONDON — European stocks are set for a cautiously higher open on Thursday as investors search for direction, monitoring global economic data.

Britain’s FTSE 100 is seen around 20 points higher at 7,036, Germany’s DAX is expected to add around 32 points to 15,658 and France’s CAC 40 is set to climb around 22 points to 6,606, according to IG data.

Markets in Europe are receiving a weak handover from Asia-Pacific, where Hong Kong’s Hang Seng index led the declines among major indexes as casino shares plummeted amid regulatory worries.

[hifc231] 16/9/2021 01:23

Wonder if Centrica will pick up these 570,000 thousand customers left with no supplier?

"Utility Point, which supplies gas and electricity to around 220,000 domestic customers, and People’s Energy, with about 350,000 domestic customers, announced they would stop operating today, according to the U.K.’s energy regulator Ofgem. People’s Energy also has around 1,000 non-domestic customers."

Source:

hXXps://www.bloomberg.com/news/articles/2021-09-14/two-u-k-energy-suppliers-go-out-of-business-amid-price-surge?srnd=premium-europe