Equinor finance chief to take up the reins at Neo Energy
Exploration and production firm Neo Energy, of Aberdeen, will replace one mergers and acquisitions (M&A) specialist with another at the top of its management ladder.
Centrica
Centrica to cut 5,000 jobs
Centrica, which owns British Gas, has said it will cut 5,000 jobs due to the impact of the coronavirus pandemic on an already declining business.
Warhammer owner becomes as valuable as parent of British Gas and Spirit Energy
The company that owns the Warhammer tabletop game has become as valuable as the owner of Britain’s largest energy supplier.
Oil majors enjoy modest gains on FTSE
Analyst predicts return of marginal gains ethos in North Sea
Coach Sir Dave Brailsford is widely credited with turning around the fortunes of Britain’s cyclists using the “marginal gains” philosophy.
Centrica ‘pauses’ Spirit Energy sale until markets settle
Utilities giant Centrica has "paused" the sale of its stake in Spirit Energy due to the economic meltdown caused by the Covid-19 outbreak and oil price war.
Centrica anticipates bids for Spirit Energy stake
Utilities giant Centrica said today that it expects to receive initial bids for its stake in Spirit Energy by the end of next month.
Centrica boss blames UK price cap for big losses in 2019
British Gas owner Centrica blamed the new price cap in the UK as it swung into a major loss for the year.
Tullow, Centrica among Europe’s worst stocks of 2019
It’s been a pretty good year for European stocks. The benchmark Stoxx Europe 600 Index is set for an annual gain of about 24%, more than recovering from a selloff in 2018, and the gauge is set to end the year near a record high.
North-east experts to discuss energy investment at Aberdeen renewables event
Two north-east energy sector experts will speak at a renewables event to be held in Aberdeen in December.
Centrica loses another 100k household accounts
British Gas owner Centrica has revealed it lost another 107,000 household accounts, as it also upped its annual cost savings by £50 million.
Centrica formally launches sale of Spirit Energy – report
Centrica has formally launched the process of selling off its stake in North Sea explorer Spirit Energy, according to a news report.
Spirit Energy boosts production at Chiswick field with £69m investment
A £69million investment has boosted production from a North Sea gas field.
Stork gets contract extension for Centrica Storage’s oil and gas assets
Fluor Corporation announced last night that its subsidiary firm, Stork, had signed an extension deal with Centrica Storage for its Southern North Sea assets.
Size of Spirit Energy may limit potential buyers, says analyst
The size of Spirit Energy's operation will limit any potential buyers to well-funded firms, according to an analyst.
Union warns Centrica ‘you can’t cut out of crisis’ as CEO departs
A trade union has warned energy giant Centrica that it "can't cut its way out of a crisis" as it looks to slash jobs and make £250 million in efficiencies on the back of poor half-year financial results.
Centrica’s outgoing CEO Iain Conn: everything you need to know
British Gas owner Centrica has confirmed that chief executive Iain Conn will step down next year, putting an end to a five-year tenure which has been beset by upheaval in the energy industry and a tumbling share price.
Centrica to ‘exit Spirit Energy by end of 2020’
Centrica has announced plans to dispose of its interests in North Sea explorer Spirit Energy by the end of next year.
Investors wait to see if Centrica boss will cut dividend
Centrica, the owner of British Gas, is set to update the market on Tuesday with its latest set of half-year results.
Centrica among 18 companies shamed for late payments
More than a dozen big name businesses have been suspended from the Government's Prompt Payment Code for failing to pay suppliers on time.
Loss of 700 Centrica jobs down to ‘rotten leadership’, union claims
The loss of hundreds of jobs at a British energy firm is down to "rotten leadership", according to a UK workers union.
Npower slumps to loss as more customers head for exit
Energy giant Npower has swung to a loss at the start of 2019 after shedding another 102,000 customers and taking a hit from the energy price cap.
Gloom deepens on UK utility industry as profits evaporate
Three of Europe’s biggest utilities are highlighting the challenge of making money in Britain’s notoriously difficult retail energy market.
Shareholder revolt over Centrica chief’s pay rise
Scottish Gas owner Centrica suffered a sizable shareholder revolt over bosses’ pay at its annual general meeting (AGM) in London yesterday.
Centrica warns over half-year hit as another 234,000 customers quit
British Gas owner Centrica has warned unusually warm weather and a £70 million hit from the energy price cap will impact first half results as it also suffered a further customer exodus.