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Reuters - Před 11 hodinami

British Business - March 23

PRESS DIGEST-British Business - March 23 March 23 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British Prime Minister Rishi Sunak has earned almost 5 million pounds ($6.13 million) in the past three years, according to a summary tax return released today.

Reuters - Před 21 hodinami

UK's Centrica boss to get $5.5 mln pay package for 2022

UK's Centrica boss to get $5.5 mln pay package for 2022 By Susanna Twidale LONDON, March 22 (Reuters) - Chris O’Shea, CEO of British Gas owner Centrica, will receive a pay package worth 4.5 million pounds ($5.5 million) for 2022, the company's annual report showed on Wednesday, following record profits driven by a surge in energy prices. The pay-out comes as millions of British households struggle to pay their energy bills and with the company under scrutiny after The Times newspaper reported

Reuters - Před 3 dny

UK Stocks-Factors to watch on March 20

UPDATE 1-UK Stocks-Factors to watch on March 20 Adds news items and updates futures March 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Monday, with futures FFIc1 down 1.5%. * CENTRICA: Energy companies Lhyfe LHYFE.PA and Centrica CNA.L signed a MoU to co-develop offshore renewable green hydrogen for the first time in the United Kingdom.

Reuters - Před 3 dny

Lhyfe, Centrica to develop offshore green hydrogen in the UK

Lhyfe, Centrica to develop offshore green hydrogen in the UK March 20 (Reuters) - Energy companies Lhyfe LHYFE.PA and Centrica CNA.L signed on Monday a memorandum of understanding (MoU) to co-develop offshore renewable green hydrogen for the first time in the United Kingdom. Under the agreement, both firms will collaborate on a pilot green hydrogen production site in the Southern North Sea, Lhyfe said in a statement.

Reuters - Před 1 týdnem

UK budget winners and losers: the pound, gilts and stocks

GRAPHIC-UK budget winners and losers: the pound, gilts and stocks By Lucy Raitano and Samuel Indyk LONDON, March 15 (Reuters) - Finance minister Jeremy Hunt presented less gloomy forecasts for Britain's economy at his Spring Budget on Wednesday. Upgraded official forecasts showed Britain, the only one of the G7 group of large economies not to recover to its pre-pandemic size, would now avoid a recession this year.

Reuters - Před 1 týdnem

Britain extends household energy support scheme to June

UPDATE 2-Britain extends household energy support scheme to June Adds details on the cost of the scheme, prepayment meters LONDON, March 15 (Reuters) - Britain extended its support for household energy bills by three months to the end of June, the government said on Wednesday, a measure that should help to contain rising living costs. In a statement hours before finance minister Jeremy Hunt is due to announce the government's budget, he said Britain would maintain a price guarantee that will kee

Reuters - Před 1 týdnem

Britain extends household energy support scheme to June

Britain extends household energy support scheme to June LONDON, March 15 (Reuters) - Britain extended its support for household energy prices by three months to the end of June, keeping in place a price cap that will see average annual bills stay at 2,500 pounds ($3,039). ($1 = 0.8226 pounds) Reporting by William James, writing by Sarah Young

Reuters - Před 1 týdnem

Centrica expects boost to power generation from extension of nuclear plants' life

UPDATE 1-Centrica expects boost to power generation from extension of nuclear plants' life Adds detail, background, shares March 14 (Reuters) - Centrica Plc CNA.L said on Tuesday it expects to add six terawatt hours to its electricity generation volume between 2024 and 2026, following the extension of the operating life of two nuclear power stations in England.

Reuters - Před 1 týdnem

UK Stocks-Factors to watch on March 14

UPDATE 1-UK Stocks-Factors to watch on March 14 Adds news items, updates futures March 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.13%. * TP ICAP: TP ICAP TCAPI.L hiked its dividend payout after the world's biggest inter-deal broker reported a nearly five-fold rise in its annual profit, underpinned by volatile trading in stocks and foreign exchange and improved investor confidence.

Reuters - Před 1 týdnem

Centrica Says It Plans To Extend Life Of Two Nuclear Power Stations

BRIEF-Centrica Says It Plans To Extend Life Of Two Nuclear Power Stations March 14 (Reuters) - Centrica PLC CNA.L : PLANS TO EXTEND LIFE OF TWO NUCLEAR POWER STATIONS CENTRICA ANNOUNCES PLANS TO EXTEND LIVES OF TWO NUCLEAR POWER STATIONS PLANS TO EXTEND LIVES OF HEYSHAM 1 AND HARTLEPOOL NUCLEAR POWER STATIONS, WHICH ARE NOW EXPECTED TO CLOSE IN MAR

Reuters - Před 1 týdnem

British Gas-owner Centrica plans to extend lives of two nuclear power stations

British Gas-owner Centrica plans to extend lives of two nuclear power stations March 14 (Reuters) - Centrica Plc CNA.L said on Tuesday it planned to extend the lives of two nuclear power stations, which it expects would add 6 terawatt hours to its electricity generation volumes between 2024 and 2026. The British Gas-owner said the Heysham 1 and Hartlepool stations are expected to close in March 2026, two years later than previously forecast.

Reuters - Před 3 týdny

UK's Hunt expected to extend energy bill support for households -source

UK's Hunt expected to extend energy bill support for households -source LONDON, March 3 (Reuters) - Britain's finance minister Jeremy Hunt is expected to extend support for household energy bills for an extra three months beyond April, a government source told Reuters on Friday after a similar report in The Times newspaper. Government support is scheduled to be scaled back from next month, meaning average annual bills would rise to 3,000 pounds ($3,602.10) from 2,500 pounds now, but Hunt is set

Reuters - Před 3 týdny

UK to extend energy bill help for 3 months - source

UPDATE 2-UK to extend energy bill help for 3 months - source Help expected to be extended to June Scaling back had been due in April Help will keep average bills at 2,500 stg to June Without extended help bills at 3,000 stg from April Recasts to change sourcing from The Times to govt source LONDON, March 3 (Reuters) - Britain's finance minister Jeremy Hunt is expected to extend support for household energy bills by an extra three months beyond April, a government source said on Friday, in a move

Reuters - Před 3 týdny

UK to extend energy bill help for 3 months - The Times

UK to extend energy bill help for 3 months - The Times LONDON, March 3 (Reuters) - Britain's finance minister Jeremy Hunt is set to extend support for household energy bills for an extra three months beyond next month, the Times reported on Friday citing a Whitehall source. Government support is scheduled to be scaled back from April, meaning average annual bills would rise to 3,000 pounds ($3,594.00) from 2,500 pounds now, but the Times said the reduced level would stay in place for another thr

Reuters - Před 3 týdny

Utilities expect UK to maintain household power bill support - BBC

Utilities expect UK to maintain household power bill support - BBC LONDON, March 3 (Reuters) - British energy companies expect the government to change course and maintain its support for households for high gas and electricity bills at or near existing levels after the current package expires in April, reported the BBC on Friday. The companies are preparing to amend bills to reflect the current level of support being renewed rather than reduced, the BBC said without naming the companies.

Reuters - Před 3 týdny

UK subsidies for Octopus takeover of rival unlawful, court told

UPDATE 1-UK subsidies for Octopus takeover of rival unlawful, court told Adds government arguments in paragraph 10 By Sam Tobin LONDON, Feb 28 (Reuters) - The British government granted billions of pounds in unlawful subsidies to Octopus Energy to take over collapsed energy supplier Bulb, three major rivals told a London court on Tuesday as they try to overturn the deal.

Reuters - Před 3 týdny

UK subsidies for Octopus takeover of rival unlawful, court told

UK subsidies for Octopus takeover of rival unlawful, court told By Sam Tobin LONDON, Feb 28 (Reuters) - The British government granted billions of pounds in unlawful subsidies to Octopus Energy to take over collapsed energy supplier Bulb, three major rivals told a London court on Tuesday as they try to overturn the deal. British Gas CNA.L , E.ON EONGn.DE and Scottish Power are challenging the acquisition of Bulb, which was one of the largest energy suppliers to collapse in 2021 due to soaring wh

Reuters - Před 3 týdny

UK energy bills set to rise despite lower price cap

UPDATE 4-UK energy bills set to rise despite lower price cap Adds Centrica results, cost of living detail By Nina Chestney LONDON, Feb 27 (Reuters) - British energy regulator Ofgem on Monday lowered its price cap on household energy bills from April, but it will offer little relief to consumers as costs continue to rise. Ofgem has lowered the cap to an annual level of 3,280 pounds ($3,925.18) for a typical dual-fuel household from the current 4,279 pounds, reflecting a recent decline in wholesal

Reuters - Před 4 týdny

UK energy regulator reviews forced installation of prepayment meters

UPDATE 1-UK energy regulator reviews forced installation of prepayment meters Updates throughout Feb 21 (Reuters) - British energy market regulator Ofgem has asked all suppliers to review recent practices for switching customers to prepayment meters (PPM) without consent, which may need to be reversed or compensated, it said on Tuesday. "The rules and regulations are clear that installing forced PPMs should only be done as a last resort and only where it is safe and practicable to do so," Ofgem

Reuters - Před 4 týdny

MYTILINEOS And Centrica Sign PPA With Vodafone UK Relating To The Energy Generated From 5 Solar Farms In The UK

BRIEF-MYTILINEOS And Centrica Sign PPA With Vodafone UK Relating To The Energy Generated From 5 Solar Farms In The UK Feb 21 (Reuters) - Mytilineos SA MYTr.AT : MYTILINEOS ENERGY & METALS AND CENTRICA SIGN POWER PURCHASE AGREEMENT WITH VODAFONE UK RELATING TO THE ENERGY GENERATED FROM 5 SOLAR FARMS IN THE UK THE SOLAR FARMS HAVE AN OVERALL CAPACITY

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