Centrica boosted CEO pay as families struggled with energy debt
The Chief Executive of Centrica Plc (LON:CNA) got a bumper pay raise last year while millions of households across the country struggled with energy debt.
British Gas
British Gas under pressure to outline compensation for ‘mistreated’ customers
British Gas is under pressure to explain how it will compensate "vulnerable" customers who faced debt collectors forcibly installing prepayment meters in their homes.
Energy suppliers stall Bulb sale again with fresh UK court bid
The UK’s sale of Bulb Energy to Octopus Energy faces further delays as rivals plan to challenge the UK government’s decision in court, according to lawyers for the bust supplier’s administrators.
Strong performance prompts £250m buyback at Centrica
Having resumed dividend payments earlier this year, Centrica (LON:CNA) will now launch a sizable shareholder buyback programme on the back of continued robust results.
Centrica to donate 10% of British Gas profits to help at-risk customers
Energy group Centrica said it will donate 10% of the profits made by its British Gas retail arm to vulnerable customers, though only a fraction of bill payers are likely to benefit.
British Gas owner Centrica resumes dividend as profit jumps with energy prices
Centrica resumed dividend payments for the first time since the start of the pandemic as profits from selling oil and natural gas rose six-fold.
Amber Rudd joining board of Scottish Gas owner Centrica
Former energy minister and home secretary Amber Rudd is joining the board of Scottish Gas owner Centrica.
We don’t want a bailout says boss behind British Gas
The boss of the UK’s biggest energy supplier has said it does not want a bailout from the Government as households prepare for a 50% spike in their bills.
Centrica CEO was sent ‘package of excrement’ in British Gas row
Chris O'Shea, the CEO of British Gas owner Centrica, has said his family was sent a package of excrement amid a bitter engineers' dispute.
British Gas workers to vote on strikes in pay and conditions dispute
Thousands of British Gas workers are to be balloted on strikes in a dispute over new contracts.
British Gas pays £1.7m over top-up blunder that threatened vulnerable in winter
British Gas will avoid potentially costly enforcement by the energy regulator after agreeing to pay £1.73 million for not telling some customers they would need to top up their meter cards at a different shop until almost a month after the switch.
Threat of industrial action by Centrica workers increases after ballot result
The threat of industrial action by workers at gas giant Centrica has come a step closer in a row over jobs and pay.
Warhammer owner becomes as valuable as parent of British Gas and Spirit Energy
The company that owns the Warhammer tabletop game has become as valuable as the owner of Britain’s largest energy supplier.
Centrica boss blames UK price cap for big losses in 2019
British Gas owner Centrica blamed the new price cap in the UK as it swung into a major loss for the year.
Centrica loses another 100k household accounts
British Gas owner Centrica has revealed it lost another 107,000 household accounts, as it also upped its annual cost savings by £50 million.
British Gas wins legal challenge against Ofgem over price cap calculations
British Gas has won its appeal against regulator Ofgem over claims the way the energy price cap had been calculated was unfair, a court has ruled.
Centrica to ‘exit Spirit Energy by end of 2020’
Centrica has announced plans to dispose of its interests in North Sea explorer Spirit Energy by the end of next year.
Centrica among 18 companies shamed for late payments
More than a dozen big name businesses have been suspended from the Government's Prompt Payment Code for failing to pay suppliers on time.
Household energy bills increase by £1.2bn six months
Households across the country have seen a combined £1.2 billion added to energy bills thanks to 42 price rises in the six months since the Government's flagship price cap was supposed to end rip-off bills, new research has found.
Shareholder revolt over Centrica chief’s pay rise
Scottish Gas owner Centrica suffered a sizable shareholder revolt over bosses’ pay at its annual general meeting (AGM) in London yesterday.
Centrica warns over half-year hit as another 234,000 customers quit
British Gas owner Centrica has warned unusually warm weather and a £70 million hit from the energy price cap will impact first half results as it also suffered a further customer exodus.
Centrica shareholders urged to block ‘staggering’ CEO pay rise
Institutional shareholders at energy giant Centrica are being urged to block a big pay rise for its chief executive.
Customer satisfaction with energy companies falls two years running
Overall satisfaction with energy suppliers has fallen for the second year running after customers were battered by price rises and nine small firms collapsed, according to a survey.
British Gas announces price hike to match energy price cap
British Gas has become the fourth "big six" supplier to announce it is to raise the cost of its standard variable tariff to match Ofgem's price cap.
More people ditching ‘big six’ energy providers
Consumers are increasingly switching to small and medium sized energy providers and shunning the "Big Six", according to new figures.