Centrica profit drops as prices 'normalise'
Evening Standard|July 25, 2024
THE owner of British Gas revealed a sharp drop in profit today as energy markets remained calm after the turmoil that followed Russia’s invasion of Ukraine.
Michael Hunter
Centrica profit drops as prices 'normalise'

Centrica said it was in “a more normalised environment” as it revealed a drop in operating profit of almost three quarters to £1.7 billion in the six months to the end of June.

The FTSE 100 firm faced allegations of profiteering at the height of the crisis, when it reported record profits of more than £3 billion for the 2022 financial year.

Levels of bad debt, which rose when prices and profits surged, have eased back, falling to £240 million from £284 million. But Centrica conceded that “remains elevated against historic levels”.

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Bu hikaye Evening Standard dergisinin July 25, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

EVENING STANDARD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Evening Standard

Top judge demands reform to fast-track justice after a grieving mother's case

GRIEVING families, pensioners with dementia, and even dead people have been wrongly prosecuted in Britain's secretive fast-track courts, a major Evening Standard/ITV News investigation has found.

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Saka trains for Euro clash in Italy after derby injury
Evening Standard

Saka trains for Euro clash in Italy after derby injury

ARSENAL were today boosted by the fitness of Bukayo Saka ahead of their Champions League opener against Atalanta tomorrow.

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September 18, 2024
After the knocks, I'm on a roll...the best is yet to come from me
Evening Standard

After the knocks, I'm on a roll...the best is yet to come from me

THEY say 13 is unlucky for some but that’s not the way I see it ahead of my 13th world title fight.

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I DREAM ABOUT ENDING SPURS' WAIT FOR GLORY
Evening Standard

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POSTECOGLOU URGES PLAYERS TO EMBRACE SPECIAL OPPORTUNITY’ AFTER 16 YEARS WITHOUT A TROPHY

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Ange must weigh up gamble on 'fearless' rookies
Evening Standard

Ange must weigh up gamble on 'fearless' rookies

FOR Ange Postecoglou, picking a team for tonight’s Carabao Cup third-round tie at Coventry is a balancing act that he can ill-afford to misjudge.

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Share performance 'not linked' to CEO mega-pay
Evening Standard

Share performance 'not linked' to CEO mega-pay

SOME of the best paid CEOs in Britain have dramatically underperformed the stock market in the past three years, undermining the case for even higher pay for top executives.

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1 min  |
September 18, 2024
Footsie falters ahead of Fed's rates call
Evening Standard

Footsie falters ahead of Fed's rates call

DECISION day on the long-awaited opening cut in US interest rates today kept London traders in defensive mode during a poor session for the FTSE 100 index.

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September 18, 2024
Taking a seat at the table: Sit down with our new critic
Evening Standard

Taking a seat at the table: Sit down with our new critic

The Standard's new restaurant reviewer, David Ellis, shares the meals that shaped him, and what the next course holds

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I never thought I'd become a best-selling author; bring on the reading renaissance
Evening Standard

I never thought I'd become a best-selling author; bring on the reading renaissance

TO read: within the queer community, known as an instance in which two or more people drag, roast or insult each other for filth.

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"My baby died-then I was convicted over lapsed car insurance"
Evening Standard

"My baby died-then I was convicted over lapsed car insurance"

Broken and lost after her three-month-old daughter died from pneumonia, Jenny Beasley forgot to renew a policy ―and found herself prosecuted as a criminal under the controversial Single Justice Procedure, Tristan Kirk reports

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