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The Latest Breaking News from Centrica

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

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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

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….

StockNews.com

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.

The National (Scotland)

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

Evening Standard

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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

The Guardian - UK

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.

Evening Standard

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 Independent 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

The Guardian - 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

Insider 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

The Independent UK

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

Manchester Evening News

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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

The Guardian - UK

Home energy bills likely to remain high, says British Gas owner

Centrica CEO warns against complacency as gas prices remain more than double level seen before Ukraine invasion

Daily Mirror

British Gas boss issues update on energy bills - as Ofgem price cap to fall tomorrow

The chief executive of Centrica, which is the owner of the energy supplier, Chris O'Shea told the BBC that while he believes the worst of the energy crisis is over, risks remain

Manchester Evening News

British Gas owners issues warning to households over energy prices

The average household's energy bill drops to £2,074 a year from Saturday

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Evening Standard

‘Worst of energy price crisis over’ as average bills to fall by £426-a-year

Millions of households are set to witness a drop in their bills from Saturday due to the new Ofgem price cap

The Independent UK

Energy giant Centrica boosts capacity at Rough gas storage site

The facility had been mothballed from 2017 but was partially reopened last year.

The Guardian - UK

Eni to buy oil and gas company Neptune Energy in $5bn deal

Italian company’s subsidiary, Vår Energi, will acquire Neptune’s Norwegian business for $2.3bn

The Guardian - UK

Centrica’s supine shareholders should look further than the share price

Russian invasion of Ukraine meant it was easy for Centrica to greatly exceed financial targets, so does the CEO deserve his vast bonus?

The Guardian - UK

Boss of British Gas owner avoids revolt over £4.5m pay packet

Centrica chief Chris O’Shea’s remuneration backed by 93% of shareholders at AGM despite union outcry

Evening Standard

British Gas owner to post higher profits thanks to new cap rules

Suppliers can now claim back costs when current gas costs are higher than the cost of futures contracts

Bristol Post

The owner of British Gas expects 'significantly higher' profits for 2023 so far

It is the UK's biggest energy supplier

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