British Gas profits and Heathrow’s growth keeps FTSE 100 stable Markets A strong April for Heathrow and British Gas’s owner Centrica expecting higher profits has helped the FTSE 100 remain steady, up 0.8 per cent at the open this morning. London rose 63 points despite fears about rising inflation, as the UK’s biggest airport lifted its forecast for passenger growth after a spike in travel over [...]
British Gas owner enjoys boost from soaring oil and gas prices amid growing windfall tax calls Record results British Gas owner Centrica has said it expects to post annual earnings at the top of its targets amid intensifying calls for a windfall tax on energy firms.
Schroders Solutions to oversee investments for Centrica’s £10bn pension schemes investments Centrica, the company behind British Gas, has appointed City asset managing giant Schroders Solutions to oversee investments for its £10bn pension schemes. Centrica’s trustees chair Allan Whalley said Schroders Solutions was chosen after a “thorough selection process” and will help “deliver security” for Centrica’s pension scheme members. Acting as outsourced chief investment officer (OCIO), Schroders [...]
British Gas owner Centrica reports jump in profit and calls for market shake-up February 24, 2022 Energy giant Centrica said it needs to see “significant change” to address underlying issues in the UK’s energy market today as it reported it had weathered the energy crisis so far, with a 112 per cent profits boost in 2021.
British Gas owner Centrica pledges to protect £300m customer deposits February 17, 2022 British Gas owner Centrica has said it is committed to protecting its customers' deposits - which currently stand at near £300m.
Centrica profits lift as British Gas strike turns down the heat July 22, 2021 Centrica has taken home some £1bn in operating profits in the past six months, as industrial actions at subsidiary British Gas tones down. The group swung from a £338m statutory profit loss last year, it said in its result for the six months to 30 June. Shares sank 2.1 per cent in its afternoon trading, [...]
British Gas owner Centrica still suffering from fall in electricity demand May 10, 2021 British Gas owner Centrica today said that the pandemic was continuing to heap pressure on its finances, with electricity demand down 15 per cent in the first quarter. The company’s quarterly residential boiler installations were also down 11 per cent compared to the same period in 2020, while non-essential visits were postponed due to Covid [...]
British Gas engineers ignite fresh wave of protests after rejecting revised contract March 5, 2021 British Gas engineers have relaunched strike action today after rejecting a revised offer that aimed to resolve the continuing fire-and-rehire dispute. The GMB union said its members had voted by almost four to one against the offer which failed to take fire-and-rehire tactics off the table. After two rounds of talks, workers have now walked [...]
British Gas owner Centrica falls to £360m loss as warm weather and lower prices bite February 25, 2021 British Gas owner Centrica said today that it fell to a £362m statutory loss due to a combination of coronavirus, lower commodities prices, and a spell of warm weather. The loss is less than half the £783m hit the firm reported last year. It also said it would not pay out a divided for last [...]
British Gas strikes back on today as ongoing talks falter February 19, 2021 Around 7,000 British Gas engineers will be on strike for four days until 23 February, protesting the company’s “fire and hire” plan as ongoing talks between the GMB union and Centrica’s British gas falter. This is the second out of three lots of planned four day strikes, beginning on 12 February, 19 February and 26 [...]