Centrica Shares News & Articles

Market report: More detail on Interserve debt-for-equity swap, RPC again extends buyout deadline

Public sector services supplier Interserve (IRV) has reminded investors to the scale of its debt-for-equity deleveraging plans, with shareholders facing huge losses in the immediate future. The embattled company puts out an update on Friday on its programme to dig itself out of a deep debt hole, but warns of the stark repercussions. ‘It is anticipated that the issue of new equity will result ...

Market report: First BP divi increase in four years, British Gas-owner Centrica still losing customers

Oil giant BP (BP.) beat second quarter profit expectations after it unveiled $2.82bn compared to forecasts of $2.6bn. That’s four times the amount it reached last year, boosted by higher oil prices. Investors like the encouraging figures, bidding shares in the group marginally higher in early trade on Tuesday, the stock up 0.7p to 566.2p. More good news for shareholders comes on the income ...

Market report: RBS agrees $4.9bn penalty to satisfy US regulators; BT slumps on growth return plans

Banking group Royal Bank of Scotland (RBS) has agreed to pay a $4.9bn fine to resolve a US probe into its past sale of mortgage-backed securities. This is a far smaller penalty than many investors feared the bank would have to pay, with some estimates predicting up to $12bn in fines. This sends shares in RBS jumping more than 5% to 290.6p in early trade on Thursday, one of the FTSE 100’s ...
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