Centrica (CNA)

Sector:

Utilities

Index:

FTSE 100

132.00p
   
  • Change Today:
      1.85p
  • 52 Week High: 172.50p
  • 52 Week Low: 115.60p
  • Currency: UK Pounds
  • Shares Issued: 5,283m
  • Volume: 30,138,356
  • Market Cap: £6,974m
  • RiskGrade: 165

Centrica CFO quits abruptly for personal reasons

By Sean Farrell

Date: Monday 18 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Centrica Chief Financial Officer Johnathan Ford has quit after seven months in the job in the middle of a turnaround plan for Britain's biggest energy supplier.
Ford has stepped down with immediate effect for personal reasons and will leave Centrica at the end of January. Kate Ringrose, group financial controller, has replaced him.

Ford joined Centrica in July 2020 from Homeserve where he was chief operating officer and CFO. Centrica has waived its right to contractual notice and all pay entitlement will end when he leaves with no further payments.

His abrupt departure was announced with the FTSE 250 group in the midst of a radical restructuring effort. The owner of British Gas is cutting 5,000 jobs and has required workers to sign new contracts. Thousands of employees held a five-day strike last week in protest at the move.

Chris O'Shea, Centrica's chief executive, said: "I am very sorry to see Johnathan leave and would like to thank him for his contribution to the company and wish him and his family well for the future. We have a very capable internal successor in Kate, who brings a wealth of experience from a wide range of finance roles across Centrica. I look forward to working closely with Kate as we continue to focus on delivering the turnaround of Centrica".

Ringrose has worked at Centrica for 16 years. Before joining the company she qualified as an accountant at KPMG and worked at the firm in South Africa and the UK.

Centrica said on 14 January it expected annual results to beat expectations but it was cautious about the outlook for energy demand and bad debts during the Covid-19 pandemic and with the economy in a downturn.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Centrica Market Data

Currency UK Pounds
Share Price 132.00p
Change Today 1.85p
% Change 1.42 %
52 Week High 172.50p
52 Week Low 115.60p
Volume 30,138,356
Shares Issued 5,283m
Market Cap £6,974m
RiskGrade 165

Centrica Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.71% above the market average91.71% above the market average91.71% above the market average91.71% above the market average91.71% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
40.65% above the market average40.65% above the market average40.65% above the market average40.65% above the market average40.65% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
65.70% above the market average65.70% above the market average65.70% above the market average65.70% above the market average65.70% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
63.29% above the market average63.29% above the market average63.29% above the market average63.29% above the market average63.29% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 3
Buy 6
Neutral 6
Sell 0
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Centrica Dividends

  Latest Previous
  Final Interim
Ex-Div 30-May-24 05-Oct-23
Paid 11-Jul-24 16-Nov-23
Amount 2.67p 1.33p

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 2,003,401 @ 132.00p
16:35 33,625 @ 132.00p
16:35 12,609,029 @ 132.00p
16:35 2 @ 132.00p
16:35 5,200 @ 132.00p

Centrica Key Personnel

Chair Scott Wheway
CEO Chris O’Shea

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