Imagine having a salary in excess of 100,000 euros, a chief executive position at a large corporation, and the steadfast support of your boss, all by the age of 26.
Almost 400,000 customers deserted British Gas in the first half of the year as its parent firm, Centrica, saw profits take a dive.
Centrica's shares held steady today despite a deal with Engie fell through just weeks before its fundraising bid according to reports.
Shares in British Gas parent Centrica dived today after the utilities firm announced a surprise share sale to raise funds.
Centrica has announced plans to raise around £750m in a placing to fund acquisitions and cut debt.
British Gas is proposing to cut 684 office-based jobs and close an office in Oldbury under plans to “consolidate” its operations.
London’s top flight index stumbled back into the red as it struggled to build on recent gains despite a strong boost from Centrica and BAE Systems.
Bumper annual profits at British Gas were slammed as a “slap in the face for families” amid calls for energy firms to cut prices further.
British Gas has fuelled further controversy over energy prices as it announced profits at its residential supply arm surged by 31% in 2015.
Ministers are continuing to watch energy companies “like a hawk” to ensure they pass on lower oil and gas prices to bill payers, Energy Secretary Amber Rudd has said.
British Gas is to axe 500 jobs, hitting its loft and cavity wall insulation business, as part of the company’s efficiencies programme.
British Gas will no longer be operated through its three businesses but will be moved into two new business units, the company has revealed. The move comes after strategic review was carried out by Centrica last year.
British Gas owner Centrica said it had made “good progress” in recent trading despite commodity price falls.
Campaigners are calling on householders to help elderly friends and relatives find cheaper energy deals after finding that almost nine in 10 bill payers did not switch in the last year. The new figure from Ofgem, based on data from household meters, found that 88% of energy customers have not switched in the last year despite widespread advice that doing so can save hundreds of pounds. A separate poll for Big Energy Saving Week, a joint campaign with Energy Saving Trust, Department of Energy and Climate Change and Citizens Advice, found 45% of people did not believe they could save money by switching and 75% of people who did thought it would be £100 or less.
British Gas has been criticised for not doing more to help hard-pressed households - on the day it announced a 5% reduction in gas prices.
British Gas plans to roll out smart meters across the UK has led to the company recruiting around 200 apprentices this year.
British Gas said operating profits have risen by 44% as more energy was used by consumers due to colder weather conditions. The company, owned by Centrica, said consumption was up by 11% compared to a “warm first half” of 2014. The first six months of the year have seen profits surge to £528million up from £265million a year earlier.
Energy giant Centrica has hit back at an official report that says millions of people are paying over the odds on their fuel bills.