British Gas owner Centrica expects £70m hit from government’s energy cap November 22, 2018 Shares in British Gas owner Centrica dropped almost eight per cent this morning as it revealed a new cap on energy bills will cost £70m in the first quarter of next year. The £1,137 cap, revealed by regulator Ofgem earlier this month, is £68 lower than prices paid by 3.1m British Gas customers. It has [...]
FTSE 100 roundup: Today’s winners and losers November 2, 2018 The FTSE 100 lost ground today, with the index down 8.05 points at 7,106.61 shortly before the market close. Markets globally reacted positively to suggestions that the US and China may be coming towards a deal to end their recent trade war. However, looking at the week just gone, it appears that the FTSE 100 [...]
British Gas owner Centrica names industry veteran Charles Berry as new chair October 31, 2018 21 Centrica, the parent company of British Gas, has appointed industry veteran Charles Berry as its next chairman. Berry is currently chairman of international engineering group Weir and will take up his new position on February, replacing Rick Haythornthwaite, who has held the role for six years and announced earlier this year that he intended [...]
UK’s largest energy companies saw profits drop in 2017 October 11, 2018 The profit and market share of the UK's six largest energy suppliers dropped as more customers switched providers last year. Annual profits dropped by 10 per cent to £900m last year, the first fall since 2014, according to a report by energy industry regulator Ofgem, following an increase in competition. Read more: DEBATE: Does the energy market [...]
Ofgem investigates complaints handling at four energy firms, calling industry performance ‘unacceptably low’ September 27, 2018 Ofgem today announced it has opened investigations into four energy firms' complaints procedures, blasting the industry's performance on handling complaints as “unacceptably low”. The watchdog is investigating complaints handling at First Utility, Ovo Energy, Utilita and Scottish Power. Read more: SSE share price suffers as it issues profit warning It has also demanded that [...]
British Gas: Just 4pc applying to engineering roles are women August 9, 2015 British Gas has revealed that just four per cent of applicants to its technical and engineering apprenticeships are women. Since conducting an analysis of its intake, the company has launched a recruitment drive targeting young women, hosting open days and launching a new mentoring programme. Claire Miles, managing director for HomeCare at British Gas, said: [...]
British Gas’ “plumbing superheroes” are all fur coat and no knickers July 30, 2015 We’ve all seen the flash adverts on television – the ones where British Gas engineers literally fly to the rescue of their customers like plumbing superheroes, saving the world one boiler at a time. Lovely piece of television that, and a real favourite for the kids. Who wouldn’t enjoy watching the animated characters in [...]
British Gas owner Centrica’s share price drops after revealing plans to cut 4,000 jobs as it focuses on “simplification” July 30, 2015 British Gas parent company Centrica's share price fell this morning as the energy giant revealed it was cutting 4,000 jobs as part of a strategic review. The figures Group adjusted profits were down three per cent in the first half of the year, as lower profit from upstream gas and power businesses dampened the higher [...]
Npower, EDF Energy, E.On UK, Scottish Power and SSE to follow British Gas price cuts July 15, 2015 Analysts forecast last night that Britain’s remaining big five energy groups will quickly follow British Gas and cut gas prices for a further 28m households. British Gas, owned by Centrica, yesterday cut gas bills by five per cent – the second reduction in six months. The cut will come into effect for its [...]
British Gas to cut household prices by five per cent July 15, 2015 British Gas has promised to cut household gas bills by five per cent – the second such reduction in six months. The price cut will come into effect for British Gas' 6.9 million customers from 27 August. The utilities giant said this latest drop would save the average home £35. In total this year's [...]