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The Latest Breaking News from Centrica

British Gas and Octopus Energy delivers 'significant' plan to UK Government to freeze bills

The top energy companies are urging the UK Government to freeze gas and electricity bills before the end of the year, as millions of Brits face a torrid, cold winter.

Glasgow Live

British Gas owner claims £56 million tax rebate from North Sea operations

THE owner of British Gas received a £56 million tax rebate on its operations in Scottish waters last year.

The National (Scotland)

Centrica and Octopus back plan to freeze UK energy bills for two years

‘Tariff deficit fund’ proposed by ScottishPower and Eon would involve banks putting cash into state-backed fund

The Guardian - UK

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British Gas boss banks £56MILLION tax rebate as Brits struggle in cost of living crisis

The Tory Government is facing mounting pressure to hit energy giants with a second windfall tax as Brits struggle to power their home during the energy crisis

Daily Mirror

UK energy bills ‘set to cost two months’ wages’, ministers warned

TUC calls for October energy price cap rise to be cancelled as chancellor tells firms to invest ‘extraordinary profits’

The Guardian - UK

What is a windfall tax and will it be extended to UK energy providers?

Explainer: Up to £4bn could be raised from levy on electricity generators, but ministers are rowing back on idea

The Guardian - UK

Chancellor set for crisis talks with energy companies as bills soar

ENERGY sector bosses are set to take part in crisis talks with Chancellor Nadhim Zahawi and Business Secretary Kwasi Kwarteng.

The National (Scotland)

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UK’s energy crisis response could include winter power cuts

Cold weather and gas shortages could force rationing of electricity to some firms or even households

The Guardian - UK

Scots councils to consider opening buildings as 'warm banks' for freezing residents this winter

A Sunday Mail investigation has revealed local authorities are already working on schemes over fears that rocketing energy bills will leave thousands unable to heat their homes.

Daily Record

Good Morning Britain: Jack Monroe slams energy companies making record profits

British Gas owner Centrica and Shell have recorded billions in profits

Bristol Post

Friday briefing: How the summer of strikes just became a story about Labour party infighting

In today’s newsletter: As Keir Starmer fires a junior transport minister over a picket line visit, internal Labour machinations are drawing the spotlight from industrial action

The Guardian - UK

‘Insult to millions’: Shell and Centrica profits cause outrage as energy bills soar

News of billion-pound profits comes after UK households warned average annual bill could hit £3,850 by 2023

The Guardian - UK

British Gas and Shell rake in record profits in middle of cost of living crisis

Oil giants Shell and Centrica, the owners of British Gas, have attracted political anger as they recorded huge profits while consumers pay soaring energy bills.

Daily Record

Backlash over £1.3bn profits for British Gas as bills soar

The owner of British Gas is facing a backlash after the company announced a five-fold increase in profits and plans to reinstate paying dividends to shareholders, despite millions of households facing a squeeze as energy bills soar.

Evening Standard

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Insider UK

Centrica profits soar and dividend returns as energy bills rise

Energy supply business saw profits hit just £98m, down 43% year-on-year

Chronicle Live

Energy giants announce billions in profits as UK faces cost of living misery

Centrica, the parent company of British Gas, recorded an increase in operating profits to £1.34billion, while Shell saw its profits hit a new all-time high of £9.5billion

The National (Scotland)

British Gas owner and Shell report billions in profits amid cost of living crisis

TWO major energy firms have announced billions of pounds worth of profits as the UK faces an increasing cost of living crisis.

The Independent UK

Cost of living – Martin Lewis warns government to take ‘urgent action’ as energy bills soar

Oil and gas companies report landmark earnings as households crippled by price caps

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The Independent UK

Shell profits hit record $11.5bn doubling in one year amid soaring energy prices

It comes as households continue to struggle in devastating cost of living crisis

Evening Standard

FTSE 100 Live: Apple & Amazon beat analyst expectations, US recession odds higher, Shell profits surge

US giants Amazon and Apple posted results with revenue growth that beat analyst expectations.

The Independent UK

British Gas owner Centrica profits increase five-fold to £1.34 billion as energy bills soar

Company reinstates dividend after suspending it for three years

The Guardian - UK

The heat is on for energy firms as high prices send profits soaring

Centrica investors may be hoping for a dividend, but by winter its customers will just be hoping they can afford a warm home

The Guardian - UK

Energy suppliers row over how to protect customers’ overpaid credit

British Gas owner Centrica says insurance plan won’t stop risky business practices, while Octopus calls ringfencing ‘financially illiterate’

The Guardian - UK

Twitter must press case against Elon Musk for takeover termination

An agreement on an offer should on principle be binding, not a step in a renegotiation strategy

The Guardian - UK

How to keep the lights on – UK gears up for worst-case energy scenarios

New supply chief Jonathan Mills starts drafting plans to safeguard winter supplies amid war in Ukraine

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