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The Latest Breaking News from Centrica

‘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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Centrica profits soar and dividend returns as energy bills rise

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

Insider UK

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

Chronicle Live

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 National (Scotland)

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

The Independent UK

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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

The Independent UK

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.

Evening Standard

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 Independent 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

The Guardian - UK

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Evening Standard

Scottish Widows appoints Wheway chair

He will retain lead at Centrica but step down from senior AXA UK role

The Guardian - UK

Britain may stop supplying gas to mainland Europe if hit by shortages

National Grid could cut off pipelines to Netherlands and Belgium amid Russia-Ukraine war pressures

The Independent UK

Centrica to recruit ex-forces personnel for green energy drive

Hundreds of jobs will be created across British Gas and the wider group by the end of 2023.

The Guardian - UK

British Gas owner says rivals blocking plans to protect customer deposits

Centrica accuses two big suppliers of resisting proposals in wake of collapse of scores of energy firms

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The Guardian - UK

British Gas owner says windfall tax will dent investor confidence

Centrica boss also defends Amber Rudd’s appointment to its board as a non-executive

The Guardian - UK

ITV and Royal Mail to drop out of FTSE 100 in reshuffle

Rising costs and market fears drive away investors, but Centrica will join FTSE index after rise in energy prices

Birmingham Post

Rough could play vital winter energy security role if hydrogen policy pushes on - Centrica

Energy giant needs regulatory framework around hydrogen to justify huge spend that could be timely for gas storage

Evening Standard

Tesco chairman John Allan backs windfall tax on energy giants to tackle cost of living crisis

John Allan, chairman of Tesco and Barratt Developments, said the case for a one-off tax on energy company profits was now “overwhelming.”

The Guardian - UK

British Gas hires more staff to deal with rising number of struggling customers

Company to beef up energy support fund as owner Centrica says profits will hit top end of City forecasts

Evening Standard

FTSE 100 Live: Markets steady after US sell-off, British Gas owner Centrica surges

London shares are experiencing a steadier session after US mega-cap stocks were the target of more heavy selling last night.

Insider UK

Zenobe agrees financial close for 500MW battery project in Wishaw

The company pledged to more than £500m into the area over the next five years

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