Centrica

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21h
Scotsman
Exova swings to profit despite oil and gas downturn Ian El-Mokadem is predicting modest organic growth MATERIALS testing group Ex
Exova swings to profit despite oil and gas downturn
Scotsman / Posted 21 hours ago
Ian El-Mokadem is predicting modest organic growth MATERIALS testing group Exova has swung to a first-half profit, from a sharp loss a year ago, after overcoming a contraction in the oil and gas... Read more
21h
Independent
The big boys of energy are scaling back. Will they start shipping out?The problems Npower faced – and the reason for Mr Massara’s exit – lay in the f
The big boys of energy are scaling back. Will they start shipping out?
Independent / Posted 21 hours ago
The problems Npower faced – and the reason for Mr Massara’s exit – lay in the failure of the IT systems used by the company to invoice customers. But at least its retail arm made a profit, albeit just £38m in the first half. By contrast, the group’s... Read more
1d
heraldscotland
French giant cuts exposure to North Sea with £585m asset salesLast month the company agreed to sell a 20 per cent stake in the giant Laggan T
French giant cuts exposure to North Sea with £585m asset sales
heraldscotland / Posted yesterday
Last month the company agreed to sell a 20 per cent stake in the giant Laggan Tormore gas development off Shetland to Scottish Hydroelectric owner SSE for £565m. While Total insisted it will remain a major player in the North Sea offshore industry... Read more
3 related stories
4d
Environmental Data Interactive Exchange
Total ends coal production as fossil fuel stocks dive Total has also decided to divest from its coal marketing operations and says
Total ends coal production as fossil fuel stocks dive
Environmental Data Interactive Exchange / Posted 4 days ago
Total has also decided to divest from its coal marketing operations and says it will no longer be involved in the coal business by the end of 2015 The world's fifth-largest energy company Total... Read more
8d
Evening Standard
Wolseley starts search for successor to boss Ian MeakinsWolseley, the world’s biggest plumbing and heating supplies company, has begun
Wolseley starts search for successor to boss Ian Meakins
Evening Standard / Posted 8 days ago
Wolseley, the world’s biggest plumbing and heating supplies company, has begun searching for a new chief executive to replace current boss Ian Meakins, the Evening Standard has learned. The FTSE 100 giant’s board has quietly started succession... Read more
10d
Offshore Magazine
More UK operators submitting plans for platform, subsea removal programsNick Terdre Contributing Editor Decommissioning activity is accelerating on t
More UK operators submitting plans for platform, subsea removal programs
Offshore Magazine / Posted 10 days ago
Nick Terdre Contributing Editor Decommissioning activity is accelerating on the UK continental shelf. According to industry association Oil & Gas UK, the number of fields expected to cease production during 2014-19 is now close to 80, up 6% on last... Read more
11d
Independent
Government accused of protecting Tory-voting South as every one of the 27 newly-awarded fracking sites is in the North and MidlandsOf the 27 oil and gas licences awarded, not one covered land south of Leicester
Government accused of protecting Tory-voting South as every one of the 27 newly-awarded fracking sites is in the North and Midlands
Independent / Posted 11 days ago
Of the 27 oil and gas licences awarded, not one covered land south of Leicester. The new licences opened up 1,000 square miles of England to oil and gas exploration around Preston and Bolton, Leeds and Sheffield and Lincoln and Skegness. The move... Read more
11d
BBC News
North Sea oil giant - do not risk the UK's 'engineering legacy' - BBC News Accessibility links BBC navigation Entertainment & Arts Video &
North Sea oil giant - do not risk the UK's 'engineering legacy'
BBC News / Posted 11 days ago
- BBC News Accessibility links BBC navigation Entertainment & Arts Video & Audio Also in the News Special Reports The Reporters Have Your Say North Sea oil giant - do not risk... Read more
2 related stories
17d
iol.co.za
What does Alphabet spell for Google investors?Mountain View - When Larry Page, Google's co-founder, unveiled its new corporat
What does Alphabet spell for Google investors?
iol.co.za / Posted 17 days ago
Mountain View - When Larry Page, Google's co-founder, unveiled its new corporate structure this week, he harked back to a letter he wrote 11 years ago, explaining that the tech giant "is not a conventional company". That is undeniable. After all,... Read more
595 related stories
17d
Independent
Google becomes Alphabet, but what does it spell for investors?That is undeniable. After all, how many companies have so many fingers in so ma
Google becomes Alphabet, but what does it spell for investors?
Independent / Posted 17 days ago
That is undeniable. After all, how many companies have so many fingers in so many different pies? Yet from an investment perspective this week’s restructuring represents something of a concession to conventionality. Mr Page revealed that Google is... Read more
595 related stories
22d
Business Wire
Centrica plc UK Regulatory Announcement: Director/PDMR ShareholdingCentrica plc (‘the Company’) Notification of Transactions of Directors / Perso
Centrica plc UK Regulatory Announcement: Director/PDMR Shareholding
Business Wire / Posted 22 days ago
Centrica plc (‘the Company’) Notification of Transactions of Directors / Persons Discharging Managerial Responsibility Grant of Award The Company announces that on 7 August 2015, a conditional award over 546,398 Centrica plc ordinary shares of... Read more
22d
Daily Telegraph
Jeremy Corbyn's plans to renationalise UK power sector could cost taxpayer billionsPeter Atherton, analyst at Jefferies investment bank, said that the cost to tak
Jeremy Corbyn's plans to renationalise UK power sector could cost taxpayer billions
Daily Telegraph / Posted 22 days ago
Peter Atherton, analyst at Jefferies investment bank, said that the cost to take control of just the UK assets of companies, which include British Gas owner Centrica and network operator National Grid, would drain about £124bn from the nation's... Read more
22d
Business Wire
Centrica plc UK Regulatory Announcement: Director Declaration7 August 2015 Centrica plc (‘the Company’) Director Declaration In accordanc
Centrica plc UK Regulatory Announcement: Director Declaration
Business Wire / Posted 22 days ago
7 August 2015 Centrica plc (‘the Company’) Director Declaration In accordance with Listing Rule 9.6.14R, Centrica plc announces that Steve Pusey, Non-Executive Director, has been appointed as a non-executive director of ARM Holdings PLC with... Read more
23d
Market Watch
Aggreko launches cost cuts; cautious on near termLONDON--Temporary power provider Aggreko PLC (AGK.LN) said Thursday it will cut
Aggreko launches cost cuts; cautious on near term
Market Watch / Posted 23 days ago
LONDON--Temporary power provider Aggreko PLC (AGK.LN) said Thursday it will cut costs and broaden its range of services in response to adverse market trends that it warned will continue to crimp earnings in the near-term. New Chief Executive Chris... Read more
25d
express
Tube strike union fatcats pocket £500k car expenses – while urging drivers to walk out UNION bosses behind tomorrow's Tube strike have pocketed £500,000 in car expe
Tube strike union fatcats pocket £500k car expenses – while urging drivers to walk out
express / Posted 25 days ago
UNION bosses behind tomorrow's Tube strike have pocketed £500,000 in car expenses in just three years, it can be revealed today. Tube strikers are set to go on... Read more
3 related stories
25d
West Moreland Gazette
Offshore Morecambe Bay gas project to create 80 jobsA MULTI-MILLION pound project to unlock new gas reserves beneath Morecambe Bay’
Offshore Morecambe Bay gas project to create 80 jobs
West Moreland Gazette / Posted 25 days ago
A MULTI-MILLION pound project to unlock new gas reserves beneath Morecambe Bay’s waters will create 80 jobs, an energy company has said. Offshore work by Centrica Energy to tap into new reserves in the North Morecambe field will start this month,... Read more
26d
Zero Hedge
Layoffs Surge As Oil Price Outlook Remains SoberLately the leaders of some of the world’s biggest energy companies have been sa
Layoffs Surge As Oil Price Outlook Remains Sober
Zero Hedge / Posted 26 days ago
Lately the leaders of some of the world’s biggest energy companies have been saying oil prices will remain depressed for some time – perhaps for the next five years – and now they’ve decided to cut their costs in the most painful way possible:... Read more
26d
Offshore Magazine
Atlantic exits Pegasus, considers further North Sea salesOffshore staff LONDON – Third Energy Offshore has completed acquisition of Atl
Atlantic exits Pegasus, considers further North Sea sales
Offshore Magazine / Posted 26 days ago
Offshore staff LONDON – Third Energy Offshore has completed acquisition of Atlantic Petroleum’s 10% interests in license P1724 in the UK southern North Sea for £16.5 million ($25.7 million). The Pegasus West well (43/13b-7) tested 91 MMcf/d (2.6... Read more
28d
thebee
British Gas Profit Up 99% As Owner Cuts JobsThe parent company of British Gas is to cut 10% of its workforce, 4,000 staff,
British Gas Profit Up 99% As Owner Cuts Jobs
thebee / Posted 28 days ago
The parent company of British Gas is to cut 10% of its workforce, 4,000 staff, as it moves to counter falling oil and gas prices. While announcing its half-year results, Centrica said it planned 6,000 job losses but would hire 2,000 new people as it... Read more
27 related stories
28d
The Star
Business news in briefBleak oil price ROYAL Dutch Shell, which reported a 37% drop in its second-qua
Business news in brief
The Star / Posted 28 days ago
Bleak oil price ROYAL Dutch Shell, which reported a 37% drop in its second-quarter profits, has said that it is cutting 6,500 jobs as it prepares for a “prolonged downturn” in crude prices. Shell’s job cuts come as another UK oil major, Centrica,... Read more
29d
Independent
All quiet at RBS – but soon the noise will be cranked upIn some places it wasn’t even the biggest banking story of the day. That honour
All quiet at RBS – but soon the noise will be cranked up
Independent / Posted 29 days ago
In some places it wasn’t even the biggest banking story of the day. That honour belonged to rival Santander, which revealed that the UK is its most profitable market as it gobbles up great chunks of current account business. This rare spell of... Read more
29d
Independent
Centrica and Shell cut 12,000 jobs as oil price collapse takes its tollCentrica is shedding 6,000 jobs, mainly in the UK, while Shell said it would ax
Centrica and Shell cut 12,000 jobs as oil price collapse takes its toll
Independent / Posted 29 days ago
Centrica is shedding 6,000 jobs, mainly in the UK, while Shell said it would axe 6,500 staff and contract positions worldwide this year, including 750 in the North Sea. Shell also announced plans to reduce capital expenditure by $7bn (£4.5bn), or 20... Read more
4 related stories
29d
Independent
They once said the British Gas boss was a pig. Look at the trough nowWhat he bought in the British Gas sell-off in 1986 has since been broken up and
They once said the British Gas boss was a pig. Look at the trough now
Independent / Posted 29 days ago
What he bought in the British Gas sell-off in 1986 has since been broken up and renamed and shuffled about a bit. And yet Centrica, the current owner of the brand, has lost around a third of its value since recording a high of just over 400p in... Read more
29d
Daily Mirror
Unions unhappy at British Gas boss cutting 6,000 jobs despite £63 profit/secondBritish Gas owner Centrica has been slammed by unions for slashing 6,000 jobs d
Unions unhappy at British Gas boss cutting 6,000 jobs despite £63 profit/second
Daily Mirror / Posted 29 days ago
British Gas owner Centrica has been slammed by unions for slashing 6,000 jobs despite a doubling in profits while energy watchdogs questioned why gas and electricity bills have not dropped significantly. The job losses are part of plans announced by... Read more
27 related stories
29d
Croydon Guardian
Controversy over high energy prices as British Gas profits doubleControversy over high energy prices has been reignited when British Gas announc
Controversy over high energy prices as British Gas profits double
Croydon Guardian / Posted 29 days ago
Controversy over high energy prices has been reignited when British Gas announced it had doubled profits in the first half of the year, as its parent firm announced thousands of job losses. Centrica said 6,000 posts would be cut across the group,... Read more
27 related stories
29d
TheBull
European stock markets climb on earnings, FedEuropean stock markets rose Thursday on company updates and as investors assess
European stock markets climb on earnings, Fed
TheBull / Posted 29 days ago
European stock markets rose Thursday on company updates and as investors assessed the US Federal Reserve's outlook for the economy. London's benchmark FTSE 100 index gained 0.57 percent to finish at 6,668.87 points. In the eurozone, the CAC 40 in... Read more
2 related stories
30d
Scotsman
THURSDAY MARKET CLOSE: Energy in the spotlight amid job cuts Royal Dutch Shell CEO Ben van Beurden delivering the company's Q2 results. Pic
THURSDAY MARKET CLOSE: Energy in the spotlight amid job cuts
Scotsman / Posted 30 days ago
Royal Dutch Shell CEO Ben van Beurden delivering the company's Q2 results. Picture: PA Plans for significant redundancies at Royal Dutch Shell and Scottish Gas owner Centrica helped propel... Read more
30d
Independent
Fracking could be delayed for up to two years across UK after Lancashire council rejects test drillingMinisters are concerned by the implications of the decision by Lancashire Count
Fracking could be delayed for up to two years across UK after Lancashire council rejects test drilling
Independent / Posted 30 days ago
Ministers are concerned by the implications of the decision by Lancashire County Council last month to reject planning applications from the shale gas company Cuadrilla to drill eight wells at two sites on the Fylde coastal plain. The Government had... Read more
30d
The Courier Mail
European stocks rise on earnings European stock markets have risen on company updates and as investors assess
European stocks rise on earnings
The Courier Mail / Posted 30 days ago
European stock markets have risen on company updates and as investors assess the US Federal Reserve's outlook for the economy. London's benchmark FTSE 100 index gained 0.6 per cent to finish at 6,668.87 points. In... Read more
2 related stories
30d
Business Spectator
European stocks rise on earningsEuropean stock markets have risen on company updates and as investors assess th
European stocks rise on earnings
Business Spectator / Posted 30 days ago
European stock markets have risen on company updates and as investors assess the US Federal Reserve's outlook for the economy. London's benchmark FTSE 100 index gained 0.6 per cent to finish at 6,668.87 points. In the eurozone, the CAC 40 in Paris... Read more
2 related stories
30d
Daily Telegraph
Centrica cuts 6,000 jobs as Conn unveils 'customer-facing' strategy'We will never be a global exploration and production player,' Mr Conn said. A
Centrica cuts 6,000 jobs as Conn unveils 'customer-facing' strategy
Daily Telegraph / Posted 30 days ago
'We will never be a global exploration and production player,' Mr Conn said. About half of the job losses would be made through redundancies by 2017, he said, although the company also plans to create 2,000 new roles, with the net effect of reducing... Read more
30d
Daily Telegraph
Oil companies travel back to 1986 in search of a futureWith a line almost drawn under the Macondo spill, Mr Dudley described the resul
Oil companies travel back to 1986 in search of a future
Daily Telegraph / Posted 30 days ago
With a line almost drawn under the Macondo spill, Mr Dudley described the results as a “watershed” moment but also stressed that the days of $100 oil, when companies such as BP and Royal Dutch Shell could almost print money, were an... Read more
30d
Reuters UK Edition
Shell cuts 6,500 jobs as oil prices hurt Royal Dutch Shell has posted a 37 percent drop in second quarter profit. As H
Shell cuts 6,500 jobs as oil prices hurt
Reuters UK Edition / Posted 30 days ago
Royal Dutch Shell has posted a 37 percent drop in second quarter profit. As Hayley Platt reports the Anglo-Dutch oil and gas company is planning to axe 6,500 this year and reduce spending further to deal with... Read more
37 related stories
30d
Gazette News
Controversy over high energy prices as British Gas profits doubleControversy over high energy prices has been reignited when British Gas announc
Controversy over high energy prices as British Gas profits double
Gazette News / Posted 30 days ago
Controversy over high energy prices has been reignited when British Gas announced it had doubled profits in the first half of the year, as its parent firm announced thousands of job losses. Centrica said 6,000 posts would be cut across the group,... Read more
27 related stories
30d
Surrey Advertiser
What now for Staines workers as Centrica announces job cutsEnergy giant Centrica has a storage facility in London Road while its British G
What now for Staines workers as Centrica announces job cuts
Surrey Advertiser / Posted 30 days ago
Energy giant Centrica has a storage facility in London Road while its British Gas business has a head office in The Causeway. The future of workers at both of these locations was unclear following the announcement on Thursday morning. Centrica runs... Read more
27 related stories

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