Oxford Flow appoints Conn on to its board
Former Centrica and BP boss Iain Conn has joined the board of industrial flow control specialist Oxford Flow.
Centrica
Octopus Energy reaches £1.5bn valuation amid Japan plans
British challenger energy supplier Octopus has been valued at more than two billion dollars (£1.5 billion) in a new deal which launches its brand in Japan.
Centrica ‘restarts talks’ to sell Spirit Energy
Centrica Plc, the biggest supplier of energy to U.K. homes, has resumed talks over a potential sale of its North Sea oil and gas venture after putting the plans on hold earlier this year.
Green energy supplier aims to lead UK’s home power market
Octopus Energy Ltd., the clean energy provider, plans to add millions of new customers this decade on a pace that could soon make it the U.K.’s largest energy supplier.
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.
Trade union slams Centrica over directors’ pay
Directors at gas giant Centrica have been paid more than £30 million while they presided over the company's "plummeting" share price, a union is claiming.
Centrica to sell US energy retail arm for £2.8bn
British Gas owner Centrica has said it will sell off its US energy retail arm in a £2.8 billion deal.
Investors seek clarity from Centrica amid dispute with unions
Centrica will hope to win back some investor confidence on Friday as it presents its latest figures amid a tough battle with unions.
Thousands of Centrica workers ‘facing cuts to pay and conditions’
Thousands of workers at energy giant Centrica face cuts to their pay and conditions, according to unions.
Equinor finance chief to take up the reins at Neo Energy
Exploration and production firm Neo Energy, of Aberdeen, will replace one mergers and acquisitions (M&A) specialist with another at the top of its management ladder.
Centrica to cut 5,000 jobs
Centrica, which owns British Gas, has said it will cut 5,000 jobs due to the impact of the coronavirus pandemic on an already declining business.
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.
Oil majors enjoy modest gains on FTSE
Analyst predicts return of marginal gains ethos in North Sea
Coach Sir Dave Brailsford is widely credited with turning around the fortunes of Britain’s cyclists using the “marginal gains” philosophy.
Centrica ‘pauses’ Spirit Energy sale until markets settle
Utilities giant Centrica has "paused" the sale of its stake in Spirit Energy due to the economic meltdown caused by the Covid-19 outbreak and oil price war.
Centrica anticipates bids for Spirit Energy stake
Utilities giant Centrica said today that it expects to receive initial bids for its stake in Spirit Energy by the end of next month.
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.
Tullow, Centrica among Europe’s worst stocks of 2019
It’s been a pretty good year for European stocks. The benchmark Stoxx Europe 600 Index is set for an annual gain of about 24%, more than recovering from a selloff in 2018, and the gauge is set to end the year near a record high.
North-east experts to discuss energy investment at Aberdeen renewables event
Two north-east energy sector experts will speak at a renewables event to be held in Aberdeen in December.
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.
Centrica formally launches sale of Spirit Energy – report
Centrica has formally launched the process of selling off its stake in North Sea explorer Spirit Energy, according to a news report.
Spirit Energy boosts production at Chiswick field with £69m investment
A £69million investment has boosted production from a North Sea gas field.
Stork gets contract extension for Centrica Storage’s oil and gas assets
Fluor Corporation announced last night that its subsidiary firm, Stork, had signed an extension deal with Centrica Storage for its Southern North Sea assets.
Size of Spirit Energy may limit potential buyers, says analyst
The size of Spirit Energy's operation will limit any potential buyers to well-funded firms, according to an analyst.
Union warns Centrica ‘you can’t cut out of crisis’ as CEO departs
A trade union has warned energy giant Centrica that it "can't cut its way out of a crisis" as it looks to slash jobs and make £250 million in efficiencies on the back of poor half-year financial results.