Ofgem risks losing public trust after British Gas’ profit bonanza July 31, 2023 Four years of heavy losses and instability in the energy industry were upended last week when British Gas posted record profits.
FTSE 100 close: British Gas owner propels to top of London index after record profit July 27, 2023 London’s FTSE 100 bumped higher today after a manic morning of company earnings gave a lift to market sentiment. The capital’s premier index added 0.21 per cent to reach 7,692.77 points, while the domestically-focused mid-cap FTSE 250, which is more aligned with the health of the UK economy, climbed 0.45 per cent to 19,273.37 points. [...]
British Gas rakes in almost £1bn as Centrica unveils near ten-fold earnings increase July 27, 2023 British Gas has posted record profits, fuelled by Ofgem's lucrative allowances in the energy price cap, totalling nearly a billion pounds.
British Gas poised for record profits after Ofgem’s hike in price cap allowances July 23, 2023 British Gas is expected to post record profits next week, powered by Ofgem's decision to temporarily hike allowances for suppliers.
Energy firms face having licences stripped in Ofgem prepayment meter clampdown June 28, 2023 Ofgem has moved to make its protection rules for prepayment meter customers permanent as it continues its clampdown on the energy industry.
British Gas boss secures £4.5m payout as Centrica wins over shareholders June 13, 2023 The hefty £4.5m proposed pay-packet for Chris O'Shea, the boss of British Gas owner Centrica, has been confirmed.
Boss of British Gas owner Centrica handed fivefold pay increase to £4.5m March 22, 2023 The boss of British Gas owner Centrica has been handed a £4.5m pay package, after record profits last year.
Meter scandal: British Gas were ‘aware’ of forced pre-payment visits, says Arvato March 15, 2023 British Gas was aware of every visit third parties took to people’s homes for forced prepayment installations, confirmed Arvato.
Centrica heads back to court to challenge government over Octopus’ Bulb takeover February 26, 2023 British Gas owner Centrica is set to lock horns with the government in court over its handling of Bulb's sale to rival Octopus.
British Gas owner Centrica posts £3.3bn record profit – more than treble last year’s £948m February 16, 2023 British Gas owner Centrica has unveiled record profits of £3.3bn - powered by soaring energy prices and historic market volatility.