British Gas owner Centrica surges as £500mln buyback unveiled
Portfolio Pulse from
Centrica PLC, owner of British Gas, announced a £500 million share buyback and increased its dividend, despite a decline in profit. This brings its total buyback program to £2 billion.
February 20, 2025 | 8:30 am
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POSITIVE IMPACT
Centrica PLC announced a £500 million share buyback and increased its dividend, despite a decline in profit. This move is likely to boost investor confidence and support the stock price.
The announcement of a significant share buyback and increased dividend is a positive signal to investors, indicating the company's confidence in its financial health. This is likely to support the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100