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The Latest Breaking News from Centrica

British Gas profits slip from record highs as energy market ‘normalises’

UK’s biggest energy supplier reports first-half operating profits of £159m, down from nearly £1bn a year ago

The Guardian - UK

Is the British Gas boss really worth £8.2m?

The share price recovery has been partly driven by the surge in wholesale energy prices, which is beyond his control

The Guardian - UK

British Gas boss says all UK households should be forced to fit smart meters

Chris O’Shea, CEO of Centrica, says mandatory installation programme would cut cost of creating a smart grid

The Guardian - UK

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The danger in saying yes to Pascal Soriot’s pay rise at AstraZeneca

Despite rebellion, approval of £18.7m package opens door to likelihood of US-style executive pay elsewhere

The Guardian - UK

British Gas owner doubles boss’s pay to £8m – despite qualms over previous rise

Details of Chris O’Shea’s ballooning package emerge in Centrica’s annual report after company reports bumper profits

The Guardian - UK

British Gas profits leap from £72m to £751m in a year

Unite union says UK energy supplier’s bumper results ‘come off the back of exorbitant energy bills’

The Guardian - UK

Boss of British Gas owner says it is ‘impossible to justify’ his £4.5m pay

Centrica’s Chris O’Shea says no point trying to when millions of customers are struggling to pay energy bills

The Guardian - UK

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Are ReNew Energy Global (RNW) and Centrica (CPYYY) the Right Utility Stocks for Your Portfolio?

Utilities have endured a difficult year, but with the likelihood of rate cuts early next year and the rapid transition to renewable energy sources, utility stocks are expected to perform well in the long term. Therefore, let’s evaluate whether utility stocks, ReNew Energy Global (RNW) and Centrica (CPYYY), are wise…

StockNews.com

3 Utility Stocks to Monitor This Week

Technological innovations and infrastructure development aimed at improving energy efficiency are expected to boost the utility sector. Therefore, it could be wise to watch fundamentally strong utility stocks Veolia Environnement (VEOEY), TransAlta (TAC), and Centrica (CPYYY) this week. Read more.

StockNews.com

Boris Johnson made to ‘look like a chump’ as ex-aide shuns Tories in Lords

Dan Rosenfield decides to sit as independent after being nominated by former PM in resignation honours list

The Guardian - UK

Boris Johnson made to ‘look like chump’ as peer he appointed shuns Tories

Former PM’s ex-chief of staff Dan Rosenfield to become non-affliated peer – angering top Tories

The Independent UK

NatWest plays it safe with new chairman Rick Haythornthwaite

Sir Howard Davies’ replacement has enough City experience to move bank on from Coutts fiasco

The Guardian - UK

NatWest names ex-Centrica boss as chair after Farage saga

Rick Haythornthwaite, who leads boardrooms of Ocado and the AA, will succeed Howard Davies

The Guardian - UK

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.

The Independent UK

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StockNews.com

3 High-Rated Utility Stocks Investors Won't Stop Buying

Amid the volatile economic backdrop, given the utility industry’s defensive nature and the transition to renewable sources of energy, it could be wise to scoop up the shares of top-rated utility stocks Enel SpA (ENLAY), Centrica plc (CPYYY), and TransAlta Corp. (TAC), which the investors can’t stop buying. Read more….

The National (Scotland)

British Gas owner reports staggering profit boost of nearly 900 per cent

BRITISH Gas owner Centrica has seen a staggering rise of almost 900 per cent in earnings in part of the business, the firm has revealed.

Evening Standard

Price cap changes let British Gas profits balloon to near £1bn record

Suppliers can now claim back costs when the price of gas is on its way down

The Guardian - UK

Coutts CEO stands down in Farage bank account row, as Sunak fails to back NatWest chairman Davies – as it happened

Peter Flavel says Coutts fell below its ‘high standards’ in the handling of Nigel Farage’s case, while Rishi Sunak declined to say whether he had confidence in NatWest’s chairman

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Evening Standard

FTSE 100 Live: Coutts CEO quits, shares higher on hope ECB’s rate rise is the last

Shell, Barclays and BT are among the heavyweight companies updating investors today.

The Independent UK

British Gas profits soar by staggering 889% to record £969m as households struggle with huge bills

Centrica, its parent company, has revealed a £6.5 billion profit in the first six months of 2023

The Guardian - UK

British Gas reports record £969m profit after price cap increase

First-half results anger consumer groups that have campaigned about treatment of vulnerable customers

Insider UK

Centrica set to build largest battery storage project in Perthshire

Once connected to the grid in 2028, the battery should be able to store enough electricity to power 130,000 homes for an hour

The Independent UK

Revealed: ‘Big Six’ energy firm bosses paid enough in 2022 to power 23,000 homes for a year

Exclusive: Board members and other top executives at major gas and electric companies received nearly £60m in salaries and bonuses last year

Manchester Evening News

Calls for major energy bill shake up as Martin Lewis hits out at £300 a year fee

Industry bosses and experts are calling for the abolishment of standing charges

Wales Online

British Gas and Octopus Energy bosses say standing charge on bills should be scrapped

The charge is levied for everyone, regardless of how much energy they use

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