Energy Utilities

Centrica plc

British Gas will pay over £90m in fines and compensation for force-fitting prepayment meters in vulnerable customers' homes. The energy supplier, owned by Centrica, will pay £20m to Ofgem and write off £70m in energy debt. An investigation revealed that debt collectors acted improperly, leading to outrage among MPs and consumer rights advocates. Ofgem has banned the installation of prepayment meters in high-risk households without consent. British Gas has apologized and committed to improving its processes.

The telegraph

British Gas to pay £90m over pre-payment meter scandal

British Gas will pay £20 million after Ofgem's investigation found it mistreated vulnerable customers by installing prepayment meters without consent. The settlement includes compensation for affected customers and a commitment to write off up to £70 million in energy debt. Ofgem will also establish a Vulnerable Customers Debt Advisory Panel to improve practices in treating vulnerable customers.

cityam

British Gas to cough up £20m for ‘unfair treatment’ of vulnerable customers

Centrica has appointed Jonathan Howell as a non-executive director, effective May 12, 2026, with plans for him to chair the Audit and Risk Committee and join the Nominations Committee from July 31, 2026. Howell, a chartered accountant with extensive experience in finance and audit, will replace Nathan Bostock, who is leaving the board. This appointment aims to strengthen Centrica's governance as it executes its strategy. The latest analyst rating for Centrica (GB:CNA) stock is a Buy, with a price target of £225.00, although Spark's AI Analyst rates it as Neutral due to mixed financial performance.

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Centrica strengthens board with appointment of audit veteran Jonathan Howell

Royal Bank Of Canada has reaffirmed an "outperform" rating for Centrica (CNA) with a price target of GBX 225, indicating a potential upside of 12.22%. Other brokerages have also provided ratings, with Jefferies maintaining a "hold" at GBX 210 and Citigroup raising its target from GBX 200 to GBX 218. Centrica's stock is currently rated as a "Moderate Buy" with an average target price of GBX 205.33. The company reported GBX 11.20 EPS in its last quarterly earnings and has seen insider buying recently.

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Centrica's (CNA) Outperform Rating Reaffirmed at Royal Bank Of Canada

Citi analyst Jenny Ping has reaffirmed a Buy rating on Centrica (CNA), with shares closing at p200.20. The analyst consensus is a Moderate Buy with an average price target of $3.08, indicating a -98.46% downside. RBC Capital also maintains a Buy rating with a price target of p225.00. Ping has a 7.8% average return and a 62.07% success rate on stock recommendations.

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Centrica plc(CNA.UK)

British Gas to pay £90m over pre-payment meter scandal

British Gas to cough up £20m for ‘unfair treatment’ of vulnerable customers

Centrica strengthens board with appointment of audit veteran Jonathan Howell

Centrica's (CNA) Outperform Rating Reaffirmed at Royal Bank Of Canada

Citi Reaffirms Their Buy Rating on Centrica (CNA)