PennyStockPayCheck.com Rss

Featured Posts

Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

Read more

Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

Read more

UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

Read more

San Leon Energy Plc (SLGYY: OTCQX International) | Foum Draa Update

Category : Stocks

16 May 2013

Post to Twitter

Cold snap boosts profits at British Gas owner

Category : Business

But Centrica says it will try to avoid more price rises for ‘as long as possible’ as it faces protests at its annual meeting on Mondayx

British Gas-owner Centrica enjoyed a huge boost from the cold snap, as consumers turned up the heating, driving consumption up by almost a fifth compared with last year.

The company, which raised prices by 6% shortly before the harsh winter set in, said any benefit from the “exceptionally cold weather” would be used to prevent further price rises “for as long as possible”.

Finance director Nick Luff said: “The fact is we make a margin selling gas. We will have made a higher margin because of the extra volume and we will use that to keep prices down during the rest of the year.”

But he said the cost of implementing the government’s energy efficiency scheme and higher transport costs would hit profits, while the gas price remains unpredictable – meaning there may be little extra to invest in keeping prices low.

Energy comparison and switching service uSwitch.com still welcomed the news at a time when consumers are struggling to pay bills. Ann Robinson, director of consumer policy at uSwitch.com, says: “British Gas has recognised the pressure facing customers and is using the financial gain from the extended cold weather to maintain its competitiveness. In plain English, this means that British Gas customers should expect no further increase in prices at least for the foreseeable future.”

Centrica faces protests at its annual meeting in London on Monday afternoon, as campaigners gather to challenge the company on price hikes, multimillion pound payouts to British Gas bosses, and plans for a new generation of gas power stations instead of cheaper, clean renewable energy.

Households’ average gas consumption was 18% higher in the first four months of 2013, compared with the same period last year, while electricity consumption was 3% higher. Residential customers in the UK also rose by 28,000 in the first four months of the year, which Centrica put down to competitive pricing and good customer service.

The company said this “strong performance” put it on course to meet expectations and deliver full-year profits before tax of £602m, down 1% on last year.

As an oil and gas producer, Centrica also benefited from higher commodity prices, and the group’s full-year earnings after tax are expected to be 2% higher at £1.4bn.

Gas use up 18%, says British Gas

Category : Business, World News

Centrica, which owns British Gas, says gas use in the first four months of this year was almost a fifth higher than last year because of the cold weather.

Read the original here: Gas use up 18%, says British Gas

Post to Twitter

Sears Oil and Gas Corp. (SRSGD: OTC Link) | Symbol Change

Category : World News

Fri, May 10, 2013 12:00 – Sears Oil and Gas Corp. (SRSGD: OTC Link) – Symbol Change – The symbol, SRSGD, is no longer a valid symbol for Sears Oil and Gas Corp.. As of Fri, May 10, 2013, the new trading symbol is SRSG. You may find a complete list of symbol changes at otcmarkets.com.

See the article here: Sears Oil and Gas Corp. (SRSGD: OTC Link) | Symbol Change

Post to Twitter

UK industrial output beats forecasts

Category : World News

UK industrial production rose in March, boosted by manufacturing and a recovery in oil and gas output, according to the Office for National Statistics.

Read more: UK industrial output beats forecasts

Post to Twitter

Two firms quit fracking in Poland

Category : World News

Two North American companies, Talisman Energy and Marathon, have quit fracking for shale gas in Poland, after disappointing drilling results.

View post: Two firms quit fracking in Poland

Post to Twitter

San Leon Energy Plc (SLGYY: OTCQX International) | Baltic Basin Update

Category : Stocks

8 May 2013< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Post to Twitter

Austin Exploration Ltd. (AUNXY: OTCQX International) | Home Country News Release – Agreement to fund production and sale of Niobrara gas

Category : Stocks, World News

Austin Exploration Ltd. has filed a Home Country News Release – Agreement to fund production and sale of Niobrara gas To view the full release click here (link to PDF).

More here: Austin Exploration Ltd. (AUNXY: OTCQX International) | Home Country News Release – Agreement to fund production and sale of Niobrara gas

Post to Twitter

Oil and gas sector exports grow

Category : Business, World News

Exports related to the oil and gas industry grow for the 14th year in a row and are now worth £17.2bn, a survey suggests.

Originally posted here: Oil and gas sector exports grow

Post to Twitter

Chesapeake stock sinks despite solid earnings

Category : Business, Stocks

The embattled natural gas company reported a profit. But skeptical investors are still not sure the turnaround is for real.

Read the original post: Chesapeake stock sinks despite solid earnings

Post to Twitter