British Gas owner Centrica still suffering from fall in electricity demand May 10, 2021 British Gas owner Centrica today said that the pandemic was continuing to heap pressure on its finances, with electricity demand down 15 per cent in the first quarter. The company’s quarterly residential boiler installations were also down 11 per cent compared to the same period in 2020, while non-essential visits were postponed due to Covid [...]
British Gas engineers ignite fresh wave of protests after rejecting revised contract March 5, 2021 British Gas engineers have relaunched strike action today after rejecting a revised offer that aimed to resolve the continuing fire-and-rehire dispute. The GMB union said its members had voted by almost four to one against the offer which failed to take fire-and-rehire tactics off the table. After two rounds of talks, workers have now walked [...]
British Gas owner Centrica falls to £360m loss as warm weather and lower prices bite February 25, 2021 British Gas owner Centrica said today that it fell to a £362m statutory loss due to a combination of coronavirus, lower commodities prices, and a spell of warm weather. The loss is less than half the £783m hit the firm reported last year. It also said it would not pay out a divided for last [...]
British Gas strikes back on today as ongoing talks falter February 19, 2021 Around 7,000 British Gas engineers will be on strike for four days until 23 February, protesting the company’s “fire and hire” plan as ongoing talks between the GMB union and Centrica’s British gas falter. This is the second out of three lots of planned four day strikes, beginning on 12 February, 19 February and 26 [...]
British Gas engineers extend strike over company’s fire-and-rehire policy January 20, 2021 British Gas engineers extended their second five-day strike to seven this morning amid the company strategy to fire and rehire workers on poorer conditions, union GMB said. GMB National Secretary Justin Bowden said: “British Gas engineers are being fired and rehired and have been left with no choice but to take action again.” However, according to British Gas parent company Centrica, it has [...]
MP calls for City watchdog to probe ‘patchy’ British Gas insurance January 13, 2021 A Stockport MP has called for City watchdog, the Financial Conduct Authority (FCA), to investigate a British Gas backlog dispute as more than 100,000 could be left without home insurance. British Gas parent company Centrica has been accused of provoking a strike which has left its ‘HomeCare’ customers without cover. Writing to the FCA this [...]
British Gas owner Centrica to sell US business for £3bn July 24, 2020 Centrica has today announced that it will sell US subsidiary Direct Energy for £2.8bn as it attempts to restructure after a brutal couple of years for the British Gas owner. Shares in the firm rose 24.3 per cent on the back of the news. The move comes as the former FTSE blue chip attempts to [...]
Centrica staff may have to sign new contracts or risk more redundancies July 16, 2020 Workers at British Gas owner Centrica have been told they may have to accept new employment conditions or risk having their jobs cut. It was reported that the services firm has told employees to sign new contracts or risk a second wave of redundancies. Last month Centrica announced that it would slash 5,000 jobs in [...]
British Gas owner Centrica plans new digital-only energy brand June 22, 2020 British Gas owner Centrica will attempt to win back the hundreds of thousands of customers it has lost over the last few years by setting up a new low-cost challenger energy brand. Centrica has signed a deal with a low-cost software provider called Ensek to run the new digital-only supplier, which has not yet been [...]
British Gas owner Centrica to cut 5,000 jobs June 11, 2020 British Gas owner Centrica has said that it will cut 5,000 jobs this year as it seeks to restructure its business model after coronavirus. More than half of the cuts, which account for 20 per cent of its workforce, come from managerial positions. Today’s announcement comes on top of 2018’s plans for 4,000 redundancies by [...]
