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30/07/2015
British Gas To Cut 6,000 Jobs
British Gas owner Centrica has announced it is to cut 6,000 jobs by 2020.
The announcement comes as the group reports a doubling of profits at the British Gas business in the first six months of 2015.
In its annual Interim Results report, the company said half the jobs lost would be through redundancies.
In addition, Centrica said it would create jobs in growth areas.
Overall, it is expecting the net impact to be approximately 4,000 job losses.
In the first half of 2015, profits at British Gas rose from £265 million to £528 million.
However, overall group profit fell by 3% to £1 billion.
Centrica stated much of the profit increase at British Gas was due to higher gas consumption as a result of colder than normal weather compared to the warmer first half in 2014.
In July, the company announced a 5% reduction in its residential gas tariffs, meaning the average standard British Gas bill will have reduced by £72 per household since the start of the year.
Ian Conn, Centrica Chief Executive, said: "With Centrica delivering solid financial and operational performance in the first half of the year, and making good progress in strengthening its balance sheet and reducing net debt, the Group is well placed to compete materially against the emerging long-term trends in global energy markets."
(LM/MH)
The announcement comes as the group reports a doubling of profits at the British Gas business in the first six months of 2015.
In its annual Interim Results report, the company said half the jobs lost would be through redundancies.
In addition, Centrica said it would create jobs in growth areas.
Overall, it is expecting the net impact to be approximately 4,000 job losses.
In the first half of 2015, profits at British Gas rose from £265 million to £528 million.
However, overall group profit fell by 3% to £1 billion.
Centrica stated much of the profit increase at British Gas was due to higher gas consumption as a result of colder than normal weather compared to the warmer first half in 2014.
In July, the company announced a 5% reduction in its residential gas tariffs, meaning the average standard British Gas bill will have reduced by £72 per household since the start of the year.
Ian Conn, Centrica Chief Executive, said: "With Centrica delivering solid financial and operational performance in the first half of the year, and making good progress in strengthening its balance sheet and reducing net debt, the Group is well placed to compete materially against the emerging long-term trends in global energy markets."
(LM/MH)
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31 July 2008
Centrica Posts £1 Million In Profits - To Consumers Anger
British Gas owner Centrica has posted half-year profits of almost £1 billion - much to the anger of consumer groups. Centrica maintain that it has been "absolutely necessary" to raise household gas prices as profits were down 20% in the first six months of this year to £992 million - down from £1.23 billion in 2007.
Centrica Posts £1 Million In Profits - To Consumers Anger
British Gas owner Centrica has posted half-year profits of almost £1 billion - much to the anger of consumer groups. Centrica maintain that it has been "absolutely necessary" to raise household gas prices as profits were down 20% in the first six months of this year to £992 million - down from £1.23 billion in 2007.
12 May 2008
Centrica To Hike Gas Prices Again
Centrica, the owner of British Gas, has warned households of a potential further 30% rise in gas bills by next winter. The company said its Group operating profit for the first half of the year will be materially lower than the first half of 2007.
Centrica To Hike Gas Prices Again
Centrica, the owner of British Gas, has warned households of a potential further 30% rise in gas bills by next winter. The company said its Group operating profit for the first half of the year will be materially lower than the first half of 2007.
26 August 2014
200 Homes Still Without Gas After Water Leak
Around 200 homes in Wales are still without gas after a burst water pipe flooded gas lines last Thursday. Wales and West Utilities have said that some 150,000 litres of water has been pumped from gas pipes since last Thursday, with 540 of the 755 homes affected by the leak, now reconnected.
200 Homes Still Without Gas After Water Leak
Around 200 homes in Wales are still without gas after a burst water pipe flooded gas lines last Thursday. Wales and West Utilities have said that some 150,000 litres of water has been pumped from gas pipes since last Thursday, with 540 of the 755 homes affected by the leak, now reconnected.
04 December 2014
British Gas To Pay £11.1m For Failing To Meet Environmental Obligations
An energy firm has been ordered to pay £11.1m to Ofgem to benefit vulnerable consumers. British Gas failed to meet its environmental obligations under the Community Energy Savings Programme (CESP) and Carbon Emissions Reduction Target (CERT) by the 2012 deadline, according to an Ofgem Investigation.
British Gas To Pay £11.1m For Failing To Meet Environmental Obligations
An energy firm has been ordered to pay £11.1m to Ofgem to benefit vulnerable consumers. British Gas failed to meet its environmental obligations under the Community Energy Savings Programme (CESP) and Carbon Emissions Reduction Target (CERT) by the 2012 deadline, according to an Ofgem Investigation.
29 May 2014
British Gas Boss Resigns To Join Aggreko
British Gas boss Chris Weston has resigned. Mr Weston is to take up a new post as CEO of Aggreko plc. He is subject to 12 months' notice and a further announcement will be made in due course regarding the timing of his departure and succession for the leadership of Centrica's International Downstream business.
British Gas Boss Resigns To Join Aggreko
British Gas boss Chris Weston has resigned. Mr Weston is to take up a new post as CEO of Aggreko plc. He is subject to 12 months' notice and a further announcement will be made in due course regarding the timing of his departure and succession for the leadership of Centrica's International Downstream business.
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Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
