City cheers MMC verdict on British Gas: Relying on the UK market
Wednesday 18 August 1993
The group's second-biggest profits earner is its oil and gas exploration and production division, which has a large presence in the North Sea and Morecambe Bay. The division contributed 13 per cent of group profits and has been expanding its overseas activities. Last year it won the rights to develop a huge oil and gas field in Kazakhstan.
Some analysts believe the MMC recommendations are likely to spur the group into expanding exploration and production worldwide.
Global Gas, a Canadian gas company acquired three years ago, accounted for 8 per cent of group profits last year.
British Gas dominates the UK domestic energy market, serving 18 million customers. Gas is the biggest energy source for commerce and industry.
- 1 Should Apple buy Greece?
- 2 Michael Douglas regrets 'embarrassing' Catherine Zeta-Jones with oral sex comments
- 3 Drummer Lee Rigby's family reject 'extremist' groups using Woolwich murder for political gain
- 4 Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
The moment a Queen's Guard soldier lost it and drew his gun at annoying tourist
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
David Cameron struck double blow in his hopes to win Britain a new EU deal
Extend Right To Buy to tenants of private landlords, Labour's Jeremy Corbyn says
Pentagon accuses Russia of 'playing with fire' over nuclear threats towards Nato
iJobs Money & Business
£22500 - £27000 per annum + OTE £45K: SThree: Since our inception in 1986, STh...
Negotiable: Recruitment Genius: This extremely successful and well-established...
Competitive with monthly bonus: Guru Careers: We are seeking an experienced FX...
Competitive (Freelance) : Guru Careers: An Investment Writer / Stock Picker is...