• Text size      
  • Send this article to a friend
  • Print this article

Centrica to unveil full-year results

British Gas owner Centrica unveils full-year results on Thursday as it faces renewed political pressure over energy bills and the threat of the supplier being broken up.

Shares have plunged by more than a fifth since last autumn when Labour leader Ed Miliband pledged to freeze tariffs if the party wins power, and were driven down further following a fresh intervention this month by Energy Secretary Ed Davey.

BAE Systems also reports annual profits on Thursday, following a year in which it has shed hundreds of UK jobs and faced a major setback in its Typhoon jet programme.

The group announced in November that it would stop shipbuilding in Portsmouth with the loss of 940 jobs, while there would be 835 redundancies in Glasgow, Rosyth, Fife, and at Filton, near Bristol.

Experts at Deutsche Bank are expecting group sales to have increased by 5.5% to £18.8 billion over 2013 and are pencilling in a 9% rise in underlying pre-tax profits to £1.8bn.

Supermarket giant Asda will give its belated sales figures for Christmas trading on Thursday when US parent Wal-Mart reports its full-year results.

The Leeds-based group has narrowly retained its place as the second largest in supermarket operator in the UK in spite of pressure from Sainsbury's.

Newcastle United owner and Rangers investor Mike Ashley sees his retail empire Sports Direct International posts third-quarter figures on Wednesday, having recently said trading had returned to normal levels.

Contextual targeting label: 
Food and drink

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.