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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Centrica    CNA   GB00B033F229

CENTRICA (CNA)
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UK must act to stop energy companies overcharging loyal customers - Clark

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10/05/2017 | 10:11am CEST

LONDON (Reuters) - The British government has a duty to act to stop energy companies taking advantage of their loyal customers by overcharging them, business secretary Greg Clark said on Thursday.

He was speaking after the government announced an energy price cap policy that was strongly criticised by energy firms whose share prices fell on the news.

"A lot of people see themselves as loyal customers and because the companies know that they're loyal ... they are overcharging them," Clark told Sky News.

"Faced with that evidence, I think you've got a duty to act.

(Reporting by Estelle Shirbon; editing by Kate Holton)

Stocks mentioned in the article
ChangeLast1st jan.
E.ON 0.07% 9.608 Delayed Quote.6.04%
ELECTRICITÉ DE FRANCE -0.33% 12.19 Real-time Quote.16.99%
IBERDROLA -0.24% 6.664 End-of-day quote.3.16%
INNOGY SE 0.11% 36.63 Delayed Quote.12.10%
SCOTTISH AND SOUTHERN ENERGY -1.44% 1367 Delayed Quote.3.56%
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Financials ( GBP)
Sales 2018 28 342 M
EBIT 2018 1 487 M
Net income 2018 633 M
Debt 2018 3 090 M
Yield 2018 7,49%
P/E ratio 2018 12,53
P/E ratio 2019 12,70
EV / Sales 2018 0,43x
EV / Sales 2019 0,42x
Capitalization 9 017 M
Chart CENTRICA
Duration : Period :
Centrica Technical Analysis Chart | CNA | GB00B033F229 | 4-Traders
Technical analysis trends CENTRICA
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 1,56  GBP
Spread / Average Target -2,6%
EPS Revisions
Managers
NameTitle
Iain C. Conn Chief Executive Officer & Director
Richard Neil Haythornthwaite Chairman
Jeff Bell Group Chief Financial Officer & Director
Mike Young Group Chief Information Officer
Mark Hanafin Group Executive Director & CEO- Centrica Business
Sector and Competitors
1st jan.Capitalization (M$)
CENTRICA14.71%11 957
ELECTRICITÉ DE FRANCE17.37%43 016
ENGIE-5.65%38 485
NATIONAL GRID PLC-2.11%38 048
SEMPRA ENERGY8.97%30 775
ORSTED21.73%27 124