FTSE 100 index opens flat weighing Glencore gains against Sports Direct losses December 10, 2015 The FTSE 100 index opened flat this morning, weighing gains made by Glencore and losses in Sports Direct and Old Mutual The UK's top blue-chip index opened 0.44 per cent down at 6,099 points. Old Mutual dropped 4.61 as the market opened, to 186.2p per share, while Sports Direct's share price fell 6.69 per cent to 621p [...]
Miners fearing US rate rise pull down FTSE 100 – London Report November 10, 2015 UTILITIES, the InterContinental Hotels Group and mining companies yesterday weighed on the FTSE 100. The blue-chip share index closed 0.92 per cent lower at 6,295. InterContinental Hotels Group, one of the world’s largest hoteliers, saw its share price fall 4.83 per cent during the day to 2,640p per share, after denying rumours of a possible [...]
Centrica prepares to slash jobs after profit plummets in 2014 February 15, 2015 Utility firm Centrica, owner of British Gas, is expected to announce profits dropped by a third in 2014 when it publishes its results on Thursday. The company is also likely to reduce projected spending for 2015, and is reportedly preparing to cut jobs. These results are the first set of numbers that have been delivered [...]
National Grid moves to assure over power crunch this winter November 10, 2015 National Grid has sought to assure British households that it will be able to keep the lights on this winter. The company's chief executive Steven Holliday said that historically, between 2003-2008, it issued around seven alerts a year. "We have got used to a lower amount, but if we went back to those levels it is not necessarily something [...]
British Gas customer login data leaked in third personal data incident in a week after TalkTalk cyber attack and Marks & Spencer technical glitch October 29, 2015 The account details of as many as 2,000 customers of British Gas have been leaked online, in the third high-profile personal data leak in less than a week. Email addresses and passwords to login to British Gas accounts were posted on the text upload website Pastebin, but the company believes the information leak was not as a result of [...]
Centrica share price dives as it cuts dividend by 30pc after £1bn net loss February 19, 2015 The figures Share in Centrica fell eight per cent after it was left reeling from the double hit of a warm year and falling oil prices. The company has been forced to write down the value of its oil and gas assets and has decided to cut its dividend by 30 per cent, while making [...]
Centrica gives in as British Gas cuts bills by five per cent January 19, 2015 British Gas owner Centrica has become the latest energy company to cut its bills, slashing household gas prices by five per cent. In a statement today, the company said the cut will reduce average household energy bills by £37, benefitting 6.8 million customers. The price cut, which will take place from 27 February, "reflects the [...]
World Energy Council UK energy sustainability rating: Britain loses its top energy rating amid supply concerns November 11, 2015 Concerns over the ability of Britain's creaking energy system to deliver future supplies has led to a downgrade of its energy sustainability rating by a respected international organisation. The UK's AAA rating was cut to AAB by the World Energy Council in its annual "trilemma index", which measures countries' ability to offer secure, affordable and sustainable energy supplies. It [...]
British Gas buys smart home company AlertMe for £44m as Centrica bets on Internet of Things February 13, 2015 British Gas has just splashed some major cash on AlertMe, the smart home technology company behind its Hive service, which controls heating remotely at the touch of a smartphone screen. The Centrica-owned energy company will pay £44m to acquire AlertMe, the east London company which provides a platform for connected “smart” devices throughout the home, [...]
Centrica exec Colette Cohen takes top spot at The National College for onshore oil and gas January 18, 2015 The National College for onshore oil and gas has appointed Centrica’s Colette Cohen as its first chair. Cohen, who heads up Centrica’s UK oil and gas production business, will lead the college’s development board and help with business planning. She commented: “To build a successful shale gas industry it’s vital we attract young people to [...]