17 October 2017
Find out more

Centrica shares dip as Goldfish flounders

31 July 2003  |  3529 views  |  0 Centrica shares dip as Goldfish flounders

Shares in UK energy outfit Centrica have taken a knock as the company reported a £30 million first half operating loss at its credit card subsidiary Goldfish.

While the group reported better-than-expected first-half earnings, analysts pegged the stock back on continued uncertainty over the future of the Goldfish venture.

Speculation had been building that joint venture partner Lloyds TSB might be about to buy out Centrica's majority 70% stake in Goldfish. The UK bank earlier this week announced plans to offer offer gas, electricity and telephone services to its current account customers through its network of high street branches.

Centrica shares fell 2.7% in early morning trade as the firm refused to budge from its earlier commitment to re-examine its options should the business fail to reach cash break-even by the end of the year.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Lloyds TSB launches home energy and telephone services

Lloyds TSB launches home energy and telephone services

29 July 2003  |  3727 views  |  0 comments
Centrica pays HFC Bank £85 million for Goldfish

Centrica pays HFC Bank £85 million for Goldfish

06 August 2001  |  4787 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14478 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13084 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8974 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7935 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7621 views comments | 13 tweets | 13 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job