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Centrica reinstates dividend as profits increase fivefold

Centrica reinstates dividend as profits increase fivefold

Centrica has seen a fivefold year-on-year increase in profits after inflated energy prices benefited its gas, oil and nuclear assets. Adjusted operating profit for the six months to the end of June hit £1,342 million, up from £262 million during the same period last year. The company has confirmed it will reinstate its dividend which has been paused since 2020.

3 years ago

Weekend press round-up: Centrica comes out fighting from energy market shake-up

In our latest review of stories from the national media, an expected improved financial performance from Centrica has led to some of its top shareholders to increase the pressure in their calls to reinstate its dividend which was pulled in 2020.

3 years ago

Heatwave sees ‘ferocious’ demand for water

3 years ago

ESO increases electricity demand forecast across future scenarios

3 years ago

United Utilities sells energy business for £100m

3 years ago

PR24: The waters may seem familiar but they won’t be plain sailing

3 years ago

Water companies to compete for extra net zero funding

3 years ago

Ofgem invokes ‘fit and proper’ rules to remove company director

3 years ago

Bulb sale offers unique opportunity for growth

3 years ago

Octopus launches ‘all-you-need’ EV package  

3 years ago

UKPN named nation’s top company for customer service

3 years ago

Diversity being constrained by ‘fear of reputational damage’

3 years ago

Utilita accuses Citizens Advice of misrepresenting complaints performance

3 years ago

Average call wait times for energy customers rise by 75%

3 years ago

Business case for going green is ‘stronger than ever’

3 years ago

Thames investors commit an extra £1.5bn

3 years ago

New taskforce launched to improve diversity in energy

3 years ago

Northumbrian to streamline end-of-life account administration

3 years ago

SSE and Equinor to purchase Triton Power for £341m

3 years ago

Who will bear the brunt of credit balance crackdown?

3 years ago

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