Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Centrica names O’Brien as new CFO, raises earnings forecast

(Reuters) -British Gas owner Centrica on Thursday named Russell O’Brien as its chief financial officer, and raised its full-year earnings forecast following robust volumes from its electricity generation and gas production activities.

The group said O’Brien’s appointment will be effective March 1 and the current finance chief Kate Ringrose will step down at the end of February after two years in the role.

In a separate statement, Centrica said it expects its full-year adjusted earnings to be above 30 pence per share. It had previously forecast to report annual earnings per share at the top end of an outlook range of 15.1 pence to 26 pence.

The company also said it expects 2022 closing net cash to be above 1 billion pounds ($1.21 billion).

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

($1 = 0.8237 pounds)

(Reporting by Muhammed Husain in Bengaluru; editing by Uttaresh.V)


Recent Post: