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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.
04 February 2010
Energy Supplier Slashes Gas Price
British Gas has today cut its standard gas prices by an average 7%. The price cut, which will benefit 8 million households, takes effect immediately and makes British Gas, on average, the cheapest supplier of standard gas and electricity right across Britain - no matter which way customers choose to pay.
Energy Supplier Slashes Gas Price
British Gas has today cut its standard gas prices by an average 7%. The price cut, which will benefit 8 million households, takes effect immediately and makes British Gas, on average, the cheapest supplier of standard gas and electricity right across Britain - no matter which way customers choose to pay.
09 September 2005
Gas and electricity prices to rise by over 14%
British Gas prices are set to rise by 14.2% for residential customers later in September. The company blamed the increase on soaring oil and gas prices. The rise follows on recent similar price hikes by Powergen and EDF Energy. The company said that the 14.
Gas and electricity prices to rise by over 14%
British Gas prices are set to rise by 14.2% for residential customers later in September. The company blamed the increase on soaring oil and gas prices. The rise follows on recent similar price hikes by Powergen and EDF Energy. The company said that the 14.
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.
08 October 2010
Illegal Gas Fitter Sentenced
A man who falsely claimed to be a registered gas engineer has been sentenced for illegally installing gas appliances at addresses in York. Bennett Morley of Cherry Paddock, Haxby, York, was prosecuted by The Health and Safety Executive (HSE) for five offences under Gas Safety legislation after complaints by householders.
Illegal Gas Fitter Sentenced
A man who falsely claimed to be a registered gas engineer has been sentenced for illegally installing gas appliances at addresses in York. Bennett Morley of Cherry Paddock, Haxby, York, was prosecuted by The Health and Safety Executive (HSE) for five offences under Gas Safety legislation after complaints by householders.
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