Centrica
British Gas owner’s profits fall from record highs amid more ‘normalised’ market
Centrica said it will return a further £200 million to investors, despite profits easing back in the first half.
British Gas owner sees profits slump as energy markets stabilise
Centrica reported underlying earnings halving to £1.04 billion for the first half of 2024 from £2.08 billion a year ago.
British Gas owner avoids shareholder revolt over chief’s £8.2m pay packet
The Centrica boss Chris O’Shea’s pay deal was called ‘fundamentally wrong’ by campaigners, and comes after years of high energy bills across the UK.
British Gas owner avoids shareholder rebellion over chief’s £4m pay rise
Centrica boss Chris O’Shea said in January there was ‘no point’ trying to justify his salary before it nearly doubled to £8.2 million.
British Gas owner sees supply arm hitting targets two years early
Centrica cheered a ‘more normalised external environment’ as energy markets recover after the crisis sparked by Russia’s war with Ukraine.
Energy bosses call for ‘progressive social tariff’ on bills amid price hikes
The chief executives of Centrica and E.On told MPs the new measures would help support poorer consumers.
Centrica boss who said ‘no point’ justifying his salary sees pay nearly double
Chris O’Shea was paid £8.2 million for leading the British Gas owner last year.
Britain’s biggest gas storage site switches on amid cold snap
The Rough site off the coast of Yorkshire, which is run by Centrica, currently has enough gas to supply three million homes all winter.
Ovo joins calls for overhaul of household energy standing charges
Ofgem recently announced that firms can raise standing charges from 82p a day to 83p from October 1.
Labour accuses Government of £1.7bn gas storage ‘mistake’
The closure and subsequent re-opening of the UK’s largest gas storage site cost the country nearly £1.7 billion over two years, Labour has said.