Trade Centrica Shares

Centrica (CNA.L)

About

Centrica's main operations are in the UK, North America and Europe. They secure and supply gas and electricity for millions of homes and businesses and offer a distinctive range of home energy solutions and low-carbon products and services.

Industry

Gas Distribution

Website

www.centrica.com

Trading Options

Financial Spread Betting
Contracts For Difference
Share Dealing / Stockbroker

Centrica and Market Latest News

Yahoo! Finance: CNA.L News
UPDATE 1-UK gas firms as North Sea maintenance approaches (Other)
British Gas owner Centrica deserves applause, not blame (Other)
When it emerged BP would be forced into suspending its dividend after the recent Gulf of Mexico oil spill there was uproar.
BREAKINGVIEWS-Thanks for the profits. Now where's the growth? (Other)
Energy bills to rise as British Gas profits soar (Other)
Profits at British Gas jumped by more than three-quarters to £842m but its parent company, Centrica, still warned consumers that bills will rise this winter.
Energy bills to rise as British Gas profits soar (Other)
Profits at British Gas jumped by more than three-quarters to £842m but its parent company, Centrica, still warned consumers that bills will rise this winter.
London close: Thumbs down for company updates (ShareCast)
Company updates gave traders plenty to mull over and after an uncertain start to the day, shares closed firmly in the red.
Market overview: Lower finish for FTSE 100 (ShareCast)
1630: Close Can maker Rexam and caterer Compass were among the companies dragging Footsie lower on a busy day on the company news front.
London afternoon: US durable goods blow for equities (ShareCast)
With US markets opening on a weak note leading stocks in London have continued their downward drift. US stocks fell back after US durable goods orders in June fell for a second successive month. June's 1% fall was in contrast to expectations of a rise of similar magnitude.
Centrica shelves gas storage project (Reuters MOLT)
WRAPUP 2-European renewables, Centrica seek U.S. expansion (Other)
Market overview: FTSE 100 down 33 (ShareCast)
1420: Footsie is in the red with stocks in the pressure after company updates. Engineering firm Invensys is the heaviest faller even though it expects to deliver an improved performance in the current year. Can maker Rexam is down even after a 47% surge in underlying profit during the first half, a result it expects to match in the next six months. And caterer Compass upping its forecast for sales growth this year to 2.5% has failed to whet investor appetites.
Results Round Up (ShareCast)
Centrica is heading for more controversy over energy prices after the British Gas owner's interim profits jumped 65%.
London midday: Shares turn south (ShareCast)
Mining stocks are doing their bit to shore up the Footsie but the majority of leading shares are now in retreat, including most of the big names that issued corporate updates today.
Market overview: FTSE 100 turns lower (ShareCast)
1215: Footsie has dipped into the red as poor receptions for company updates weigh on the leading share index. Engineering firm Invensys is the heaviest faller even though it expects to deliver an improved performance in the current year. Can maker Rexam, caterer Compass oil and gas group BG also fall after updates. FTSE 100 down 20 at 5,345.
London mid-morning: Footsie higher after results stream (ShareCast)
Today's stream of company updates has been given a mixed reception, but strength in the mining and banking sectors keeps the FTSE 100 higher.
Market overview: Footsie clings on (ShareCast)
1055: Footsie is clinging onto gains despte a mostly negative reception for company updates. Miners are higher on metals prices. Banks are buoyant after yesterday's reports of easier than expected regulatory capital requirements. Engineering firm Invensys is the heaviest faller evene though it expects to deliver an improved performance in the current year. Can maker Rexam and caterer Compass also fall after updates. FTSE 100 up 4 at 5,370.
Centrica Posts Huge 65% Profit Increase
British Gas has posted profits of £585m for the first six months of the year - up a staggering 98%.
Centrica first-half profits soar on cold snap (Reuters MOLT)
Market overview: BoE's King grilled by MPs (ShareCast)
1000: Mervyn King, governor of the Bank of England, is currently being quizzed by a select committee. He said that we shouldn't read too much into the strong second quarter growth figures that were issued last week.
UPDATE 2-Centrica H1 profits soar on cold snap, eyes deals (Other)
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Centrica: Financial Spread Betting vs CFD vs Share Dealing

Table below compares Financial Spread Betting, Contract For Difference and Share Dealing trading. For simplicity we use the average brokerage fees to calculate the profit/loss if £1,000 available for investment in Centrica shares (Centrica share price is 300p). Supposedly, you think that Centrica shares will go up by 10% in one month.

Calculations

Spread Betting

CFD

Share

Number of Shares Equivalent

6,667

6,667

333

Shares go up by 10% in 1 month, Gross Profit

£2,000

£2,000

£100

Commission to open position (buy)

£60

£15

£12

Commission to close position (sell)

£0

£15

£12

Total Commission

£60

£30

£24

Financing for one month (5% LIBOR rate)

£108

£108

£0

Tax (20% band)

£0

£372

£15 + £5 (Stamp Duty)

Net Profit

£1,832

£1,490

£56


Centrica: Financial Spread Betting and Contracts For Difference (CFDs) are margined (or leveraged) products and let you go long (buy) or short (sell) with Centrica shares, they are more suitable for short and medium term investments and cover a wide range of markets, including shares, indices, commodities and currencies. Share investing, on the other hand, is a conservative and old way of gaining financial independence and preserving capital. Even though some stockbrokers offer credit facilities it is very rare and not popular amongst private investors.

Risk Warning: Financial Spread Betting and Contracts For Difference (CFDs) are leveraged products and carry a high level of risk to your capital. You may lose more than your initial investment. Share price can go down as well as up and returns on investments are not guaranteed.