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

5% pay rise for Centrica chiefs

Top bosses at British Gas parent Centrica will get an average 5% pay rise this year, it was revealed today.

Market Report: Centrica flares higher on payout hopes

Earnings hopes supported Centrica as the FTSE 100, hit by another round of weakness in the mining sector, traded lower last night.

Price row over record profits at British Gas

Calls for price cuts as profits soar 58 per cent at Centrica's retail division

David Prosser: Ofgem has plenty of work to complete

Outlook The Independent is among the leading campaigners for lower energy bills and the figures unveiled by Centrica yesterday – in particular its British Gas subsidiary – will strengthen our case. Though British Gas is now one of the cheapest suppliers in the UK marketplace, further cuts to bills are warranted and its rivals have lots of catching up to do.

The Week Ahead: RBS and Lloyds to post £12bn losses

Royal Bank of Scotland and Lloyds Banking Group will announce their 2009 results this week, but analysts predict both are some way from profitability. The two British giants, both of which have been propped up by the Government, are expected to be overshadowed by Barclays' stellar results from last week, which helped drive the stock up almost 20 per cent since the start of the week.

Mark Hanafin: We're not in any danger of running out of supply

With Britain on course for what could be the coldest winter in 30 years, concerns have moved beyond the lack of road grit and focused on the spectre of energy shortages. But while the industry is by no means complacent, and we are watching the situation closely, the evidence is the UK gas market has proved flexible and responsive.

Go-ahead given to develop offshore wind farms

A number of companies were today given the go-ahead to develop new offshore wind farms, potentially paving the way for a massive expansion in renewable energy around the UK's shores.

Gas chiefs issue fresh supply alert

National Grid issued its second gas alert in three days today as the UK's freezing weather pushed demand to record levels.

Market Report: Centrica up on talk of Russian bid in pipeline

British Gas-owner Centrica was in focus last night as speculators piled in on rumours regarding the possibility of a bid from Gazprom, the Russian energy giant.

Leading article: Scandalous profiteering

Profits are up at British Gas. The energy supplier is set to make £541m this year, massively up from £379m the year before. Its parent company, Centrica, is expected to report a full year operating profit of £1.84bn. That is an outrage at a time when wholesale oil and gas prices are at a three-year low and yet the bills being paid by ordinary householders are staggeringly high.

Market Report: Barclays and HSBC report mixed fortunes

It was a tale of two banks for the blue chips yesterday as Barclays and HSBC issued updates – but one was far, far better than the other, and had dramatic results on the market.

Centrica to build new wind farm

British Gas's parent company Centrica today announced it will build a new offshore wind farm in UK waters which will provide enough electricity to power around 200,000 homes.

As customers feel the pinch, energy firms' profits surge

British Gas expected to make 30% more than last year after keeping tariffs high despite plummeting costs

Centrica finally wins control of Venture after £1.3bn bid battle

Centrica gained control of Venture Production yesterday after buying a 16.8 per cent stake in its target on the open market, bringing the long-running takeover battle with the North Sea oil and gas company to a close.

David Prosser: Gas producer going cheap in the North Sea

Outlook: the repeated disputes between Russia and Ukraine over gas demonstrate why premium assets are worth paying for
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