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Investors await Centrica review progress

Centrica's full-year results will give investors a window into its progress in implementing its strategic review
February 11, 2016

When Centrica (CNA) reveals its 2015 full-year results next week, all eyes will be on the progress of its strategic view. After all, it has been a tough two years. Profits at its upstream business have suffered as a result of weak wholesale gas prices, while its supply businesses continue to face pressure to cut prices.

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Chief executive Iain Conn unveiled plans to reinvigorate the group's fortunes in August. These include allocating an extra £1.5bn in operating and capital resources over five years to its consumer-facing businesses, which include British Gas, US-based Direct Energy and the Irish Bord Gais. In tandem, the group is reducing its exploration and production activities by the same amount and will focus on the North Sea and East Irish Sea. The release of the group's full-year results will give investors the first in-depth view of progress towards its objectives.

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