Centrica Plc News
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The U.K.’s 376 billion-pound ($582 billion) program to switch from fossil fuel to renewable and nuclear power is headed for crisis because of looming energy shortages and spiraling costs, Liberum Capital Ltd. said.
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Standard Life Investments, the fund-management unit of Scotland’s biggest insurer, is buying shares of Canadian lenders including Toronto-Dominion Bank for low-risk dividend growth even as the economy slows.
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Centrica Plc and state-run Qatar Petroleum agreed to buy natural gas fields from Canada’s Suncor Energy Inc. for C$1 billion ($981 million) as the largest U.K. household-energy company seeks added supplies for North American customers.
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Just Energy Group Inc. said rising cashflow means it won’t have to make further cuts to its dividend, the second-highest among Canada’s largest companies.
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Margaret Thatcher, the former U.K. prime minister who helped end the Cold War and was known as the “Iron Lady” for her uncompromising style, died yesterday. She was 87.
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Margaret Thatcher is keeping a record number of Britons in work, nearly 30 years after her policies drove unemployment to the highest in living memory.
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SSE Plc, the U.K.’s second-biggest energy supplier, was fined a record 10.5 million pounds ($16 million) by the country’s energy regulator for misselling electricity and gas.
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Centrica Plc, the U.K.’s largest household energy supplier, signed a 20-year deal to import natural gas from the U.S., securing supplies as production from British North Sea fields decline.
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U.K. day-ahead natural gas prices surged to their highest in more than a year as Centrica Plc restricted withdrawals from the nation’s biggest gas store and freezing weather gripped Europe’s biggest market.
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Natural gas futures declined for a fourth day in New York on forecasts of moderating temperatures that would curtail demand for the heating fuel.
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