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Chris O'Shea, CEO of Centrica, has a pay package of £4.5m

No point in trying to justify salary of £4.5m - O'Shea

The boss of Bord Gáis Energy and British Gas's parent company has said there is "no point" trying to justify his £4.5m pay package, as he recognised that many of his customers were struggling to pay their bills.

Business • 19 Jan 24

Centrica said that trading conditions have remained tough in the year to date

Centrica says cost savings plan on track

British utility Centrica said today it is on track to achieve cost savings of more than £100m this year despite difficult trading conditions.

Business • 10 May 21

Centrica is set to cut almost one fifth of its workforce

UK energy firm Centrica axes 5,000 jobs on virus impact

UK energy provider Centrica said today it will axe 5,000 jobs, or almost one fifth of its workforce, as it responds to both the coronavirus pandemic fallout and intense competition.

Business • 11 Jun 20

Centrica said its adjusted operating profit fell to £901m last year from £1.39 billion in 2018

Centrica profits plunge on UK energy price cap

Profits at British utility Centrica slumped 35% last year, hit by a government price cap on some energy bills and the impact of lower natural gas prices on its production business.

Business • 13 Feb 20

Centrica says the challenging start to 2019 is putting pressure on its full year outlook

UK retail energy woes weigh on E.ON, Centrica

E.ON and Centrica, two of the UK's so-called "big six" energy providers, today warned of a toughening retail market, raising the chance of cost cuts in response to falling profits.

Business • 13 May 19

The owner of Bord Gáis Energy and British Gas said it would still meet its 2018 group targets that were set out in February

Centrica slides as customers leave, energy output slips

Shares in Centrica tumbled 9% today after the UK energy supplier reported losing customers, lower nuclear power generation and a fall in output at its oil and gas division.

Business • 22 Nov 18

Centrica says there had been 'good progress' on the delivery of the next phase of its cost efficiency programme

Centrica affirms 2018 targets as chill boosts demand

Bord Gáis Energy and British Gas owner Centrica stuck to its financial targets for the year, citing higher energy demand after a cold end to winter and a slowdown in consumer account losses.

Business • 14 May 18

Centrica raises its cost savings target by £500m

Centrica raises cost savings target, to cut 4,000 jobs

Energy supplier Centrica, which issued a profit warning in November, has today raised its cost savings target by £500m and said it would cut about 4,000 jobs by 2020.

Business • 22 Feb 18