Octopus Energy locks horns with Centrica over market reforms as bidding war for Bulb lights up June 12, 2022 Two of the UK's biggest energy firms remain at loggerheads over key proposals to fix the industry by ringfencing customer balances.
Centrica files application to reopen UK’s biggest natural gas storage facility June 10, 2022 Centrica has filed a formal application to reopen Britain’s biggest natural gas storage site, after the site was closed five years ago for “economic” reasons. The Windsor headquartered utility company has submitted a formal application to the North Sea energy regulator to reopen the Rough facility off the east coast of Yorkshire. CityAM understands [...]
British Gas boss slams rivals for not supporting plans to ringfence credit balances June 7, 2022 British Gas hits out at rival firms not backing its plans to ringfence the credit balances of customers, as part of plans to toughen up the energy sector.
Centrica confirms sale of Spirit Energy’s Norwegian assets in $1bn-plus deal May 30, 2022 Centrica has confirmed the sale of Spirit Energy's Norwegian assets in deals reaching over $1bn in overall value, as it looks to focus on domestic markets.
British Gas profits and Heathrow’s growth keeps FTSE 100 stable May 10, 2022 A strong April for Heathrow and British Gas’s owner Centrica expecting higher profits has helped the FTSE 100 remain steady, up 0.8 per cent at the open this morning. London rose 63 points despite fears about rising inflation, as the UK’s biggest airport lifted its forecast for passenger growth after a spike in travel over [...]
British Gas owner enjoys boost from soaring oil and gas prices amid growing windfall tax calls May 10, 2022 British Gas owner Centrica has said it expects to post annual earnings at the top of its targets amid intensifying calls for a windfall tax on energy firms.
Schroders Solutions to oversee investments for Centrica’s £10bn pension schemes April 5, 2022 Centrica, the company behind British Gas, has appointed City asset managing giant Schroders Solutions to oversee investments for its £10bn pension schemes. Centrica’s trustees chair Allan Whalley said Schroders Solutions was chosen after a “thorough selection process” and will help “deliver security” for Centrica’s pension scheme members. Acting as outsourced chief investment officer (OCIO), Schroders [...]
British Gas owner Centrica reports jump in profit and calls for market shake-up February 24, 2022 Energy giant Centrica said it needs to see “significant change” to address underlying issues in the UK’s energy market today as it reported it had weathered the energy crisis so far, with a 112 per cent profits boost in 2021.
British Gas owner Centrica pledges to protect £300m customer deposits February 17, 2022 British Gas owner Centrica has said it is committed to protecting its customers' deposits - which currently stand at near £300m.
Centrica profits lift as British Gas strike turns down the heat July 22, 2021 Centrica has taken home some £1bn in operating profits in the past six months, as industrial actions at subsidiary British Gas tones down. The group swung from a £338m statutory profit loss last year, it said in its result for the six months to 30 June. Shares sank 2.1 per cent in its afternoon trading, [...]