Energy suppliers to cough up £10.8m after missing smart meter targets November 9, 2023 Some of the UK's biggest energy suppliers have agreed to cough up £10.8m in redress payments, after missing smart meter targets.
Centrica’s share price suffers as analysts tell investors to take profits October 1, 2023 Centrica begins trading this week having suffered a sharp fall in its share price, with analysts calling on investors to cash in profits.
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.