Ofgem: Energy price cap to rise by £21 to £1,738 a year on average Politics The UK’s energy price cap is set to rise by £21 for an average household, taking a standard yearly bill to £1,738, Ofgem has said. The energy regulator opted to announce a 1.2 per cent hike in the cap for the period January to March 2025 – or £1.75 a month, on average. It sets [...]
Centrica-owned Hive continues in the red despite sales rise Business Hive, the smart home devices brand owned by Centrica, continued in the red despite its revenue rising during its latest financial year. The business has reported a pre-tax loss of £28.2m for 2023, having also made a loss of £25.6m in 2022. Hive has never made a pre-tax profit since it was launched over a [...]
Carlton Club: A year of ‘successes and challenges’ for London private members’ club Business The Carlton Club has described facing both “successes and challenges” in its latest financial year as it battled high inflation, rising energy costs, train strikes and wage increases. The private members’ club said “unwelcome challenges” impacted its financial performance in 2023 but that it still managed to increase its surplus before tax by almost £200,000. [...]
Eon UK returns to profit for the first time since 2020 with £700m swing July 8, 2024 The UK arm of energy giant Eon has returned to the black for the first time since 2020 after a swing of more than £700m.
FTSE 100 energy giant Centrica declares stability has returned to the energy market June 5, 2024 FTSE 100 energy giant Centrica has updated the market ahead of its AGM later today.