British Gas owner Centrica ( OTCPK:CPYYF ) ( OTCPK:CPYYY ) tops the FTSE 100, rising as much as 6%, after raising FY 2022 adjusted earnings guidance to more than 30 pence (~$0.365), ahead of the company's prior guidance of ~25p.
Centrica ( OTCPK:CPYYF ) ( OTCPK:CPYYY ) also said it expects 2022 closing net cash above £1B.
The company named Russell O'Brien as its new CFO effective March 1, as current CFO Kate Ringrose will step down at the end of February after two years in the role.
Citi analyst Jenny Ping said the firm maintains its Buy rating for Centrica ( OTCPK:CPYYF ) ( OTCPK:CPYYY ) shares, highlighting the company's strong balance sheet, cash generation and the ongoing share buyback.
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U.K.'s Centrica surges after raising full-year earnings forecast