Centrica to extend life of two UK nuclear plants
14th Mar 2023 09:38
(Sharecast News) - Centrica announced plans to extend the lives of the Heysham 1 and Hartlepool nuclear power stations on Tuesday.
Read moreOfgem launches review of British Gas prepayment meter installations
21st Feb 2023 16:10
(Sharecast News) - Ofgem said on Tuesday that it has launched an investigation into Centrica's British Gas after it emerged that their subcontractors were breaking into homes to fit prepayment meters.
Read moreCiti reiterates 'buy' on Centrica after results
17th Feb 2023 07:33
(Sharecast News) - Citi reiterated its 'buy' rating on Centrica on Friday following a "strong" set of results a day earlier and as it highlighted the potential for further cash return to shareholders after the announced second tranche of share buyback.
Read moreBritish Gas owner Centrica posts record profit as energy bills soar
16th Feb 2023 07:21
(Sharecast News) - British Gas owner Centrica on Thursday reported record profits of £3.3bn, driven by soaring wholesale gas prices in the wake of Russia's invasion of Ukraine as Britons struggle with household energy bills.
Read moreSunday newspaper round-up: Brexit, Savings, British Gas
12th Feb 2023 21:01
(Sharecast News) - A cross-party summit that included both leavers and remainers has been held in high secrecy to address the failings of Brexit in the national interest. Also present were diplomats, defence experts and the heads of the largest businesses and lenders. A source said: "The main thrust of it was that Britain is losing out, that Brexit it not delivering, our economy is in a weak position," said the source. "It was about moving on from leave and remain, and what are the issues we now have to face, and how can we get into the best position in order to have a conversation with the EU about changes to the UK-EU trade and cooperation agreement when that happens?" - Observer
Read moreCentrica halts forced meter installations
2nd Feb 2023 11:02
(Sharecast News) - British Gas-owner Centrica has suspended the forced instalment of prepayment meters, after an investigation showed the homes of vulnerable customers were being broken into.
Read moreBritish Gas in heat pump sales push amid soaring energy costs
16th Jan 2023 13:12
(Sharecast News) - British Gas has started a price war for heat pumps as people look for alternatives to expensive gas boilers amid the cost-of-living crisis.
Read moreCentrica lifts earnings guidance again
12th Jan 2023 07:06
(Sharecast News) - British Gas owner Centrica lifted earnings guidance again as volumes from its electricity generation and gas production operations remained strong amid surging energy prices for consumers.
Read moreRegulator fines three North Sea operators
19th Dec 2022 08:41
(Sharecast News) - Three North Sea operators have been fined by the regulator for breaching rules on emissions and security of supply.
Read moreNational Grid poised to start emergency winter plan
28th Nov 2022 07:22
(Sharecast News) - National Grid is considering paying British households to use less energy in peak times, it emerged on Monday.
Read moreOfgem attacked for dropping plan to ringfence consumer deposits
25th Nov 2022 11:43
(Sharecast News) - Britain's energy regulator has been attacked for failing to protect consumer deposits as part of measures to protect customers in the wake of several suppliers going bust last year.
Read moreSector movers: Power generators boosted by Autumn Statement, Oil and Gas drag
19th Nov 2022 22:00
(Sharecast News) - Interest rate sensitive construction and utilities shares paced gains at the end of the week following the Chancellor's well-received Autumn Statement the day before.
Read moreBarclays sees 'compelling value' in UK utilities after Budget clarity
18th Nov 2022 12:21
(Sharecast News) - Barclays said on Friday that the "energy tax overhang" was gone, as it welcomed the clarity brought by Chancellor Jeremy Hunt's announcement on windfall taxes in this week's Autumn Statement.
Read moreBulb administration costs soar to £6.5bn
17th Nov 2022 13:37
(Sharecast News) - The taxpayer bill for bailing out failed energy supplier Bulb has surged to £6.5bn, according to official documents released on Thursday.
Read moreEnergy firms resilient as Hunt announces new windfall taxes
17th Nov 2022 12:42
(Sharecast News) - Shares in energy firms initially slumped on Thursday after Chancellor Jeremy Hunt outlined new windfall taxes in his Autumn Statement, but prices quickly recovered.
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