Centrica in tax rate blow May 9, 2011 Utility company Centrica expects 2011 earnings to grow at a more subdued pace than it previously thought and said it would scale down investments in the UK following the government’s decision to raise tax rates for oil and gas production. In March, Britain unexpectedly raised a supplementary tax charge on North Sea oil and gas [...]
Centrica plea over gas tax May 3, 2011 CENTRICA was yesterday hopeful that the chancellor would reconsider plans to raid the profits of North Sea gas firms, after his own tax tsar hit out at the proposals. A source close to the British Gas owner said they were pleased that such a “senior voice” had “questioned whether this is the right way forward”. [...]
City veteran Mayhew to step down as chairman of Cazenove November 28, 2011 DAVID Mayhew, one of the City’s best-connected bankers, is to step down as chairman of JP Morgan Cazenove after 42 years with the blue-chip firm. Mayhew’s name has become synonymous with the Queen’s stockbroker, which sold itself to US banking giant JP Morgan in 2009, and his resignation will draw the curtain on an era [...]
DARK HORSE HSBC TAKES RETAIL SITE IN LATE BID January 26, 2012 HSBC is committed to the City of London – for its latest retail opening, at least. The Capitalist hears the bank has gazumped a well-known restaurateur to emerge as the new tenant at 1 Bishopsgate, after offering a far higher, undisclosed, sum to turn the disused property into a “premier suite” retail bank in time [...]
DARK HORSE HSBC TAKES RETAIL SITE IN LATE BID January 26, 2012 HSBC is committed to the City of London – for its latest retail opening, at least. The Capitalist hears the bank has gazumped a well-known restaurateur to emerge as the new tenant at 1 Bishopsgate, after offering a far higher, undisclosed, sum to turn the disused property into a “premier suite” retail bank in time [...]
Centrica in Caribbean tie-up April 20, 2011 Centrica, the largest supplier of gas to UK households, has signed a sharing deal for the production of hydrocarbons with Trinidad and Tobago, the Caribbean’s leading oil and natural gas producer. The British energy giant will construct a floating liquefied natural gas facility along with Trinidad and Tobago’s state-owned integrated energy company Petrotrin.
British Gas pledges to simplify tariffs November 24, 2011 BRITISH Gas has said it is simplifying its tariffs after admitting customers were being baffled by the current system. All customers would be able to choose between two tariffs – variable and fixed – under the shake-up. Energy industry regulator Ofgem earlier this year told energy companies they must offer simpler billing. The British Gas [...]
The captain of industry who says the UK needs to be more like Asia November 20, 2011 FROM the CBI’s offices on the second floor of the Centre Point tower, you get a great view of the construction site that will eventually become the Tottenham Court Road Crossrail station. It is fitting that the CBI, which was one of the railway’s biggest supporters, is so close to the action, and a reminder [...]
Centrica warns surprise tax hike means higher bills for customers May 9, 2011 ENERGY giant Centrica yesterday warned customers to brace themselves for bill rises as the Treasury’s tax hike on oil and gas firms starts to eat into the firm’s earnings. The firm said the surprise tax raid would cost the company £300m this year, and it expects to report “more modest” growth in the future as [...]
Centrica warns surprise tax hike means higher bills for customers May 9, 2011 ENERGY giant Centrica yesterday warned customers to brace themselves for bill rises as the Treasury’s tax hike on oil and gas firms starts to eat into the firm’s earnings. The firm said the surprise tax raid would cost the company £300m this year, and it expects to report “more modest” growth in the future as [...]