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The Latest Breaking News from Centrica

Shares edge down as Iran tensions push oil higher

Investors also digested UK Chancellor John Healey’s pledge to control public spending ahead of next month’s Budget.

Evening Standard

British Gas boss warns UK at risk of winter fuel shortage ‘with almost no gas in storage’

Chief executive of Centrica warns ‘time is rapidly running out’ as winter approaches

The Independent UK

No, Centrica, customers don’t prefer bots to humans

Letters: Charles MacKinnon disagrees with the British Gas owner’s justification for cutting 1,300 jobs

The Guardian - UK

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British Gas Owner's AI Drive Leaves 1,300 Call Centre Workers Without Jobs

Centrica is cutting 1,300 customer service jobs as AI reshapes British Gas operations, with unions warning of job losses and critics fearing vulnerable customers may be left behind.

International Business Times UK

Take Centrica’s gas storage warning seriously – Britain still needs secure supplies

One task awaiting new energy secretary Miatta Fahnbulleh is devising a plan to avoid a crisis by the end of the decade

The Guardian - UK

Customers prefer AI chatbots, says British Gas owner as 1,300 call centre and back office jobs axed

CEO Chris O’Shea defends Centrica’s plans as it reports rise in retail profits following focus on bigger margins

The Guardian - UK

FTSE 100 falls as Middle East war intensifies

Brent oil topped 100 dollars a barrel on Thursday for the first time since May.

The Independent UK

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Glasgow jobs at risk as major employer to axe 800 roles

Hundreds of British Gas jobs in Scotland are set to be axed as the energy giant slashes 1,300 roles across the UK ...

The National (Scotland)

British Gas owner to cut 1,300 jobs over two years in major overhaul

The overhaul will lead to a 14 per cent reduction in the company’s customer operations workforce

The Independent UK

British Gas owner Centrica plans overhaul with 1,300 job cuts over two years

The changes will lead to an approximately 14% reduction in the company’s customer operations workforce.

Evening Standard

Sizewell B nuclear power plant to continue powering UK for another 20 years

The Government said the deal would reduce the costs of Britain’s energy system

The Independent UK

X-Energy Q1 Earnings Call Highlights

X-Energy (NASDAQ:XE) used its first earnings call as a public company to outline progress on its advanced nuclear reactor and fuel businesses, while reporting higher first-quarter revenue and grant income tied to its federal cost-share program. The company began trading on the Nasdaq on April 24 an

MarketBeat

Gas-fired power still looks a safe bet for Centrica in the renewables era

There will still be a need to have gas in the wings to keep the lights on, so the financials stack up on Severn plant purchase

The Guardian - UK

British Gas owner buys gas-fired power station for £370m for energy ‘security’

The household energy business said it has completed the acquisition of the Severn gas turbine power station.

Evening Standard

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The Guardian - UK

Financial stability risks are rising as AI fuels cyber-attacks, IMF warns; oil below $100 on Iran peace hopes – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

Oil price plummets as Iran declares Hormuz open

‘For stock and bond market bulls around the world, this is the perfect end to the week,’ said Kathleen Brooks, research director at XTB.

The Guardian - UK

Starmer adviser urges ministers to look at profits cap for energy and petrol firms

PM’s ‘cost of living champion’ calls for consideration of temporary measure to prevent profiteering from Iran war

Evening Standard

FTSE 100 pauses rally as Iran tensions escalate

Donald Trump urged Tehran to strike a ‘meaningful’ deal.

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news in one place.

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The Independent UK

British Gas boss pockets £3.6m bonus despite company profits halving

Chris O’Shea’s total pay package for 2025 was £4.73 million

Evening Standard

Centrica boss picks up £3.6m in bonuses and share awards despite profits plunge

British Gas owner Centrica handed chief executive Chris O’Shea a £1.4 million annual bonus and £2.2 million in long-term share awards for 2025.

The Guardian - UK

Centrica boss to get £3.6m bonus despite sharp fall in profits

Chris O’Shea will receive a total of £4.7m despite British Gas owner suffering a shareholder rebellion

The Guardian - UK

Oil prices rise amid fears of US strikes on Iran – as it happened

Both the US and Iran embark on military posturing amid a stand-off over Tehran’s nuclear programme

The Independent UK

British Gas profits plummet as customers switch to discounted deals

Warm weather also lessened the demand for central heating

Evening Standard

FTSE 100 Live 19 February: Index slips, Centrica and Rio Tinto lower on results

Centrica shares have fallen sharply after the British Gas owner posted results today.

Evening Standard

Energy giant Centrica announces £2.4m partnership with charity Multibank

The aim of the Multibank is to ease the cost-of-living pressure on families living in or facing poverty.

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