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 [...]
Energy suppliers defend pricing despite government criticism June 1, 2015 Energy secretary Amber Rudd has told the “big six” energy companies to cut bills for consumers, saying the firms can no longer claim they are burdened by the promise of a Labour-led price freeze. Rudd sent letters to the six suppliers – British Gas, EDF Energy, E.On UK, npower, Scottish Power and SSE – on [...]
Former British Gas director Michael Uzielli spends first day as Heathrow CFO June 1, 2015 Former British Gas financial director Michael Uzielli has taken up the reins as chief financial officer of Heathrow, weeks before the Airports Commission announces its decision over a third runway for the airport. Read more: Sir Howard Davies says third runway will deliver more benefits at Heathrow than Gatwick. Uzielli's appointment was announced in [...]
These are Britain’s most complained about energy suppliers – Scottish Power, Npower, E.On, British Gas and SSE ranked May 15, 2015 Complaints about the energy supplier Scottish Power rocketed an astonishing 588 per cent in 2014 with the company receiving the most complaints ever recorded by a single energy firm. Customers of Scottish Power have suffered issues with a new billing system that meant some didn't receive their bill while others struggled to resolve problems. It spurred [...]
Centrica names new British Gas chief executive April 14, 2015 Centrica has named the new chief executive of its British Gas arm: former Aviva boss Mark Hodges will take over at the beginning of June. At a time when energy companies – particularly former state-owned ones – are at the centre of a political football game, few in the industry will envy Hodges' new role. [...]
British Gas owner Centrica warns political uncertainty could hit investment March 26, 2015 British Gas owner Centrica yesterday warned that the run-up to the 7 May election would have a knock-on effect on investment in the UK energy sector. “The UK market faces potential pressure in both the run-up to the UK General Election and in the policy decisions taken by the next government,” Centrica said in its [...]
Centrica’s new chief executive Iain Conn could cut British Gas dividends by 15pc February 15, 2015 Centrica will release its full-year results for British Gas on Thursday, but there is little optimism among analysts. Not only has the falling price of oil weighed down the company's success – it is also going through a competition inquiry and faces a continuing crisis in the North Sea, where a large part of its [...]
British Gas buys smart home company AlertMe for £44m as Centrica bets on Internet of Things February 13, 2015 British Gas has just splashed some major cash on AlertMe, the smart home technology company behind its Hive service, which controls heating remotely at the touch of a smartphone screen. The Centrica-owned energy company will pay £44m to acquire AlertMe, the east London company which provides a platform for connected “smart” devices throughout the home, [...]