British Gas owner enjoys boost from soaring oil and gas prices amid growing windfall tax calls May 10, 2022 British Gas owner Centrica has said it expects to post annual earnings at the top of its targets amid intensifying calls for a windfall tax on energy firms.
Ofgem risks losing public trust after British Gas’ profit bonanza July 31, 2023 Four years of heavy losses and instability in the energy industry were upended last week when British Gas posted record profits.
British Gas poised for record profits after Ofgem’s hike in price cap allowances July 23, 2023 British Gas is expected to post record profits next week, powered by Ofgem's decision to temporarily hike allowances for suppliers.
Shell to ditch retail energy arm as suitors circle its 1.5m UK customers June 6, 2023 Shell has confirmed it has decided to exit its home retail energy businesses in the UK, Germany and the Netherlands.
Despite Brexit: Octopus’ Bulb deal could trigger EU involvement, says lawyers December 19, 2022 Octopus Energy's takeover of Bulb could breach EU state aid rules, according to senior competition lawyers.
Octopus Energy closes in on Shell deal as Big Six dominates the market August 28, 2023 Octopus Energy is closing in on a deal to snap up Shell's household energy business - which could be finalised as soon as this autumn.
British Gas owner Centrica falls to £360m loss as warm weather and lower prices bite February 25, 2021 British Gas owner Centrica said today that it fell to a £362m statutory loss due to a combination of coronavirus, lower commodities prices, and a spell of warm weather. The loss is less than half the £783m hit the firm reported last year. It also said it would not pay out a divided for last [...]
British Gas owner Centrica still suffering from fall in business power demand January 14, 2021 British Gas owner Centrica said that the coronavirus pandemic was continuing to heap pressure on its finances, with business electricity demand still down as people continue to work from home. In the second half of the year, the firm said that business energy demand was down 15 per cent, compared to 30 per cent in [...]
Octopus hits back at challenge to Bulb deal arguing it was more ‘nimble’ than rivals March 2, 2023 Octopus Energy's lawyer argued in court today that the company was simply more "nimble" than others in its dealmaking with the government.
Octopus edges towards Bulb deal as judge confirms takeover date November 30, 2022 Octopus Energy are inching closer to completing their protracted takeover of Bulb, after a High Court judge set a date for the deal to be finalised.