News

Outlook Now just how does that saying go about sinking ships and desertion?

Centrica and GMB union in historic pay deal to keep the winter lights on

British Gas's 8,000 engineers will get a "landmark" 11.3 per cent wage increase in exchange for working a 45-hour week in the winter to tackle the increase of blackouts.

Investment Column: Centrica is showing very good form, buy

Man Group; Qinetiq

Market Report: Lloyds in focus on hopes of strong capital buffers

Lloyds Banking Group was in focus as traders studied forecasts of strong capital buffers last night.

Market Report: City feedback drives gains for Centrica

Deal rumours bubbled up around Centrica last night, but traders remained wary, pinning the gas company's rise on positive feedback from a management outing in the City earlier this week.

Social housing group Connaught calls in KPMG as administrators

Connaught was in the process of appointing administrators last night after the indebted social housing group admitted to investors that it was unlikely to find the money to repay its creditors.

Market Report: ARM gets cold shoulder as bid rumours fade

Profit-taking weighed on the London market last night, with ARM Holdings sliding to the bottom of the FTSE 100 thanks to a combination of fading bid hopes and share sales by directors.

David Prosser: When to hold Centrica to account

Outlook Let's be honest: British Gas is a deliciously easy target. Who are your sympathies with on hearing about a company making record profits during a period when many of the most vulnerable people in society have struggled to afford to keep themselves warm? Particularly if you take a look at the

British Gas defends energy prices as profits nearly double

Centrica faced calls for further retail price cuts yesterday after the energy giant's British Gas business reported first-half profits up by 98 per cent to £585m.

Big freeze gives British Gas 98% profits hike

The coldest winter for 30 years helped the UK's biggest energy firm almost double first-half profits today.

The Week Ahead: British Gas fuels gains for energy giant Centrica

Continued strength at British Gas is expected to drive gains for Centrica, the energy group which is due to issue half-yearly results this week.

Market Report: Results cheer helps Centrica flare higher

Defensives were in favour as the FTSE 100 continued to slide last night, with Centrica claiming pole position amid optimism ahead of its half-yearly results next month.

Go-ahead for offshore wind farm sites

Expansions to offshore wind farm sites around the English coast which will provide enough power for an extra 1.4 million homes were given the green light today by the Crown Estate.

Winter freeze boosts British Gas profits

Households cranking up the heating in the freezing winter weather helped British Gas rack up hefty profits in the first quarter of 2010, parent Centrica said today.

British Gas lays out £5m for loft lagger

A Stockport family pocketed £6.3m yesterday after selling its home insulation business to the power company Centrica.

SSE buys North Sea gas assets

Scottish & Southern Energy (SSE) is buying North Sea gas assets from New York-based Hess for $423m (£278m) in cash.

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