15th Jan 2025. 9.04am

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Centrica warns of ‘concerningly low’ UK gas storage levels
Centrica (CNA) shares have climbed 16% since November, with the company now issuing a stark warning about Britain’s gas storage levels. The operator of the country’s largest gas storage site described reserves as “concerningly low,” with less than a week’s worth of gas demand in store following a recent cold snap. This highlights the critical role Centrica plays in managing the UK’s energy security during periods of heightened demand.
Britain’s dependence on gas for home heating and electricity generation makes the situation even more pressing. Centrica’s infrastructure is central to mitigating the risks of supply disruptions, especially as colder weather drives up demand. The company’s ability to address these storage challenges could unlock further growth opportunities, particularly if elevated energy prices persist or government measures are introduced to bolster reserves.

The market has responded positively to Centrica’s strategic importance, with the share price reflecting confidence in its ability to navigate these challenges. As policymakers explore solutions to the storage crisis, Centrica’s infrastructure and expertise position it to play a leading role. Whether through increased investment in storage capacity or regulatory support, the company is poised to benefit from its pivotal role in stabilising the UK’s gas supply.
Experian faces US lawsuit over mishandling consumer disputes
The US Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against credit rating giant Experian (EXPN), alleging it failed to address consumer disputes over credit file inaccuracies properly.
The agency accused Experian, through its California subsidiary, of conducting “sham investigations” into complaints and allowing previously deleted false information to be reinserted into credit files, causing financial harm to American households. CFPB Director Rohit Chopra emphasised the severe consequences of credit reporting errors, calling for stricter adherence to consumer protection laws.

Experian manages vital credit information for most American families. In its defence, the company rejected the CFPB’s claims, stating that it had made significant efforts to engage constructively with the agency. Describing the lawsuit as “completely without merit,” Experian expressed confidence in its legal position and vowed to fight the allegations vigorously.
The CFPB is seeking a court order to prevent further misconduct by Experian, alongside financial restitution for affected consumers. The agency also aims to recover any unlawfully gained profits and impose a fine on the credit rating firm. With the stakes high, the case highlights the ongoing tension between regulators and credit reporting agencies over consumer protections.
IntegraFin delivers record flows and funds under direction in Q1 FY25
IntegraFin (IHP) has reported a strong start to FY25, with net inflows reaching £0.9 billion in Q1—triple the figure from the same period last year.
Funds under direction (FUD) hit a record £65.9 billion at the end of December, marking a 3% increase for the quarter and 14% year-on-year growth. The platform also saw its highest-ever gross inflows of £2.4 billion, underpinned by its digitalisation enhancements and appeal to UK financial advisers and clients.

CEO Alex Scott attributed the performance to sustained momentum from H2 FY24, further bolstered by positive market sentiment following the US election outcome in November. While October’s activity was elevated due to pre-budget uncertainty in the UK, inflows normalised by November and December. With average daily FUD also reaching record levels at £65.5 billion, the platform’s robust performance reflects its ability to navigate market volatility while maintaining its market-leading service.
As the UK adviser platform market continues to benefit from long-term growth drivers, IntegraFin is well-positioned to capitalise on future opportunities. The growing client base, now nearly 238,000 strong, and ongoing investments in digitalisation ensure that the company remains a preferred choice for advisers seeking high functionality and reliable service.
Kingfisher sells Brico Dépôt Romania for €70m
Kingfisher (KGF) has confirmed the sale of its Brico Dépôt Romania business to Altex Romania for an enterprise value of €70 million (£58 million). The transaction, announced in mid-December, involves the full transfer of Brico Dépôt’s operations, including its 31 stores across 24 cities, distribution facilities, and head office in Bucharest. Completion is expected in the first half of FY 2025/26, subject to regulatory approval.
The decision is part of Kingfisher’s strategy to focus on markets with stronger growth potential and higher returns. CEO Thierry Garnier highlighted the importance of aligning resources with areas where the company can deliver the most value for shareholders. Brico Dépôt Romania contributed £269 million in sales in FY 2023/24, equivalent to 2.1% of Group sales, but recorded a retail loss of £18 million and a free cash outflow of £17 million.

Kingfisher entered the Romanian market in 2013 with the acquisition of Bricostore Romania and expanded further in 2017 by acquiring Praktiker Romania. While the Brico Dépôt business has grown its store network, the sale reflects Kingfisher’s focus on optimising its portfolio to support long-term profitability and strategic priorities.
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