FTSE retreats for first time this year after highest close since early 2011 January 7, 2013 BRITAIN’S blue chip index fell yesterday for the first time this year, baulking at technical resistance levels having reached its highest close for nearly two years in the previous session. The FTSE 100 shed 0.4 per cent in broad-based losses, with every sector falling apart from financials, which received a regulatory boost over the weekend. [...]
EDF hikes energy prices October 26, 2012 Energy firm EDF today announced that gas and electricty prices would rise by 10.8 per cent from 7 December. It follows in the footsteps of rivals Scottish Power, Centrica, npower and SSE, who have all raised prices in the last few weeks, although EDF’s is the biggest so far. The rise will add £2.35 a [...]
Meet our panel of City judges October 17, 2012 Allister Heath, City A.M. Allister joined City A.M. as editor in 2008. He oversees all of the content in the newspaper and also writes a daily Editor’s Letter. He is also a frequent contributor to other print and broadcast media, and is a regular guest on TV news. David Hellier, City A.M. David has been [...]
Energy giants sizing up Bord Gais disposal September 23, 2012 SOME OF Britain’s biggest energy firms are circling Ireland’s state-owned gas company as it gears up for privatisation. Bord Gais Energy is to be put on the block by Ireland’s National Treasury Management Agency (NTMA), which is looking to raise cash for the bailed-out country through asset disposals. Other stakes that will be sold by [...]
Centrica profits edge up February 23, 2012 British Gas owner Centrica reported a small increase in full-year profit as higher commodity prices and mild weather offset gains in its upstream oil and gas business. The company, however, said it plans to deliver improved earnings growth this year, driven largely by higher oil and gas production. Centrica, which owns Britain’s biggest household energy [...]
British Gas confirms price hikes October 12, 2012 British Gas this morning confirmed it is to hike gas and electricity prices by an average of six per cent, adding £80 to the average annual dual fuel bill. The increase, equating to £1.50 a week for customers, is blamed on rising wholesale prices. British Gas last raised prices in August 2011, and today’s increase, [...]
British Gas confirms price hikes October 12, 2012 British Gas this morning confirmed it is to hike gas and electricity prices by an average of six per cent, adding £80 to the average annual dual fuel bill. The increase, equating to £1.50 a week for customers, is blamed on rising wholesale prices. British Gas last raised prices in August 2011, and today’s increase, [...]
Leading firms support supply chain finance October 23, 2012 LEADING British firms including Tesco, BAE Systems and BT yesterday gave their backing to the government’s “supply chain finance” scheme, which aims to boost working capital for small businesses. David Cameron hosted business leaders at a Downing Street roundtable, where 38 leading firms agreed to actively consider implementing the scheme. Rolls-Royce and Vodafone, who already take [...]
Leading firms support supply chain finance October 23, 2012 LEADING British firms including Tesco, BAE Systems and BT yesterday gave their backing to the government’s “supply chain finance” scheme, which aims to boost working capital for small businesses. David Cameron hosted business leaders at a Downing Street roundtable, where 38 leading firms agreed to actively consider implementing the scheme. Rolls-Royce and Vodafone, who already take [...]
Centrica sees mild weather dent profits February 23, 2012 CENTRICA yesterday said that milder weather in the UK had reduced energy consumption and dented profits. But the British Gas owner said its production and exploration business was booming – with profits up a third – as commodity prices rise. The company’s full-year adjusted operating profit was up one per cent year-on-year in 2011 at £2.42bn. [...]