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2023-05-09 19:32:00 ET Summary The Top 40 European utilities will invest a total of €128bn in 2023. According to the European integrated utilities' capital expenditure plans, 48% of their investments will be dedicated to renewables, representing about €46bn in total....
2023-04-25 00:47:21 ET Summary Centrica has benefited from rising energy prices in recent years but also deserves credit for a streamlined business and much-improved balance sheet. The company remains gaffe-prone, and its industry faces a structural long-term demand decline. I...
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 ) als...
U.K. energy company Centrica ( OTCPK:CPYYF ) ( OTCPK:CPYYY ) said Tuesday it signed a 15-year supply deal with Delfin Midstream valued at £7B ($8.45B) for liquefied natural gas from a planned LNG export facility off the coast of Louisiana, as Europe tries to reduce its depe...
The British House of Commons approved a 25% windfall tax on oil and gas producers in the U.K. North Sea on Monday, overcoming criticism from oil and gas companies that said the tax would hurt investment and domestic production . The government, which says the tax will raise ...
The CEO of Ofgem, the UK's gas and electricity regulatory authority, warned lawmakers Tuesday that Brits should brace for a 42% increase in utility bills this fall. The seasonal utility price cap will reset in October, likely rising to ~$3,500 and sending ~12m households into energy poverty (...
Equinor recently entered into a deal to purchase the Statfjord field stake owned by Spirit Energy. This will have only a relatively small impact on the company's growth going forward but the overall growth story remains intact. The global demand for energy is expected to grow goin...
Centrica continues to lose customers on a key business, but the overall financial picture is resilient and net debt has reduced sharply. There are lots of reasons to be optimistic if one has a high risk tolerance. I continue to see it as a possible value trap but think it has bott...
Energy services and solutions company Centrica (CPYYF) has extended its partnership with Business Process Management ((BPM)) solutions provider WNS (WNS).As part of the extension, WNS will enable the utilities company to transform its customer experience delivery.WNS has co-developed a transf...
NRG Energy is one of the largest utilities in the country and is in the process of making an acquisition that will almost double its size. Both management and analysts do not expect any significant earnings growth from this acquisition. Consumption of electricity as a whole is exp...
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- A new model of integrating connected vehicles, connected homes and connected customers is being developed - New, flexible platform designed to power a future digital mobility lifestyle - New global sustainability programme targets net zero carbon across Lotus operations LONDO...
LONDON , Aug. 6, 2018 /PRNewswire/ -- Charging management platform to support new EV charging offer for UK businesses Centrica plc has today (Monday) announced a multi-million-pound investment in Driivz, an Israeli start-up that offers end-to-end software solutions for electric...