Size of Spirit Energy may limit potential buyers, says analyst
The size of Spirit Energy’s operation will limit any potential buyers to well-funded firms, according to an analyst.
Centrica
Outgoing Centrica CEO Iain Conn: What you need to know
British Gas owner Centrica has confirmed that chief executive Iain Conn will step down next year, putting an end to a five-year tenure which has been beset by upheaval in the energy industry and a tumbling share price.
Centrica to ‘exit Spirit Energy by end of 2020’
Centrica has announced its plans to dispose of its interests in North Sea explorer Spirit Energy by the end of 2020.
Boss of British Gas owner Centrica to step down
The boss of British Gas owner Centrica is to leave his role next year, amid a dramatic overhaul of the company’s strategy.
Investors wait to see if British Gas owner will cool its dividend
Centrica, the owner of British Gas, is set to update the market on Tuesday with its latest set of half-year results.
Centrica planning 700 management and back office job cuts
British Gas owner Centrica is planning to cut around 700 management and back office jobs under previously announced reductions as it faces “growing challenges”.
Shareholder revolt over Centrica chief’s pay rise
Scottish Gas owner Centrica suffered a sizable shareholder revolt over bosses’ pay at its annual general meeting (AGM) in London yesterday.
Centrica’s value plunges £1bn as customers defect
The owner of Scottish Gas suffered a near-£1 billion plunge in value yesterday despite it more than quadrupling profits during 2018.
Centrica hints at reducing ‘exposure’ to Spirit Energy
Energy supplier Centrica has said it wants to “limit exposure” to its oil and gas subsidiary Spirit Energy.
Workers ‘pay with jobs’ for energy giant failures
Scottish Gas owner Centrica was accused of making workers pay for a failed business strategy with their jobs after the energy giant revealed plans to axe a further 4,000 roles.
Workers ‘pay with jobs’ for energy giant failures
Scottish Gas owner Centrica was accused of making workers pay for a failed business strategy with their jobs after the energy giant revealed plans to axe a further 4,000 roles.
Centrica ready to lower stake in Spirit Energy for ‘right offer’
Centrica said today that it was prepared to drop its stake in Spirit Energy to below 50% if the “right value-creating opportunity” comes along.
Neptune believed to be poised for swoop on North Sea
The oil and gas investment company led by former Centrica boss Sam Laidlaw is thought to be in advanced talks to snap up French-owned assets in the North Sea.
AAB launches restructuring division for difficult times
Chartered accountancy firm Anderson Anderson Brown (AAB) has launched a recovery and restructuring division for the first time in its 25 year history.
Peterhead power station latest snub in UK capacity auction
Peterhead power station has received another snub after a bid to supply energy capacity in the UK was unsuccessful.
Centrica to cut 6,000 jobs
Centrica is the latest company to announce job losses. The firm confirmed it would reduce its headcount by 6,000. The confirmation comes as the firm’s operating profit fell 3%. Full story on our sister website Energy Voice.
What I want to be: Process Engineer
Process engineering offers entry to a diverse career path, as student Jack Lodge finds out.