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 share price dives as it cuts dividend by 30pc after £1bn net loss February 19, 2015 The figures Share in Centrica fell eight per cent after it was left reeling from the double hit of a warm year and falling oil prices. The company has been forced to write down the value of its oil and gas assets and has decided to cut its dividend by 30 per cent, while making [...]
HSBC needs to re-learn its ABCs, or better still, its KYCs February 18, 2015 PLAC, CRD-4, the FCA and the PRA: but for HSBC, the most important acronym in the banking lexicon right now is KYC (Know Your Customer). Since inheriting the reins of Europe’s largest bank four years ago, Stuart Gulliver has rarely been out of his firefighter’s overalls. On many of those occasions it was the bank’s [...]
Energy bills: Customers are missing out on up to £234 savings from big six energy suppliers February 18, 2015 The majority of people are missing out on big savings by not switching energy supplier. An investigation into the dominance of the big six energy firms – Centrica, EDF, NPower, SSE, E.On and RWE- has found customers are missing out on hundreds of pounds of savings. The interim findings from the Competition and Markets Authority [...]
Centrica prepares to slash jobs after profit plummets in 2014 February 15, 2015 Utility firm Centrica, owner of British Gas, is expected to announce profits dropped by a third in 2014 when it publishes its results on Thursday. The company is also likely to reduce projected spending for 2015, and is reportedly preparing to cut jobs. These results are the first set of numbers that have been delivered [...]
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, [...]
Centrica gives in as British Gas cuts bills by five per cent January 19, 2015 British Gas owner Centrica has become the latest energy company to cut its bills, slashing household gas prices by five per cent. In a statement today, the company said the cut will reduce average household energy bills by £37, benefitting 6.8 million customers. The price cut, which will take place from 27 February, "reflects the [...]
Centrica exec Colette Cohen takes top spot at The National College for onshore oil and gas January 18, 2015 The National College for onshore oil and gas has appointed Centrica’s Colette Cohen as its first chair. Cohen, who heads up Centrica’s UK oil and gas production business, will lead the college’s development board and help with business planning. She commented: “To build a successful shale gas industry it’s vital we attract young people to [...]
Mild winter and lower use hit Centrica outlook November 20, 2014 BRITISH Gas owner Centrica yesterday reduced its earnings forecast, as milder winter weather cut into its revenues. The firm said the average residential gas consumption for the first 10 months of the year was 21 per cent lower than in 2013, while the average electricity consumption was down seven per cent. It added that the [...]