Centrica said it lost 110,000 customers in the UK in the first four months of the year, although it said the "Beast from the East" snowstorm in February helped increase customer demand in a tough competitive environment.
SSE's planned merger with Npower will be subject to an in-depth investigation due by 22 October, the competition regulator said on Tuesday.
Centrica's chairman, Rick Haythornthwaite, is planning to step down within the next 12 months after six years in the role, the energy provider said on Tuesday.
(WebFG News) - In his 'Inside the City' column for the Sunday Times, John Collingridge was looking at Centrica, bringing it all the way back to the hefty dividend promises of the 'if you see Sid, tell him' marketing that accompanied the privatisation of the then-British Gas in 1986.
HSBC's analysts downgraded multinational utility company Centrica to 'reduce' on Wednesday, saying that while its recently announced price increase would help maintain its margins, it may, in turn, precipitate further customer losses.
Centrica: HSBC downgrades to reduce with a target price of 120p.
British Gas will bump up prices for customers on its standard variable tariff by 5.5% from next month.
Mitie Group: Barclays upgrades to overweight with a target price of 180p.
UK energy industry regulator Ofgem on Tuesday committed to implement a price cap on domestic bills by the end of the year, subject to legislation being passed this summer.
Energy industry regulator Ofgem said it was banning gas and electricity suppliers from backbilling consumers for energy used more than 12 months ago.
1702: London's top flight share index finished up 0.62% at 7,289.58 on Monday, while the pound edged lower by 0.12% against the dollar to 1.3951 and by 0.13% against the European single currency to 1.1346.
The Competition and Markets Authority has rejected an appeal from energy suppliers SSE and EDF over their request for lower electricity transmission charges.
The Unite union on Thursday called for urgent meeting with British Gas after the company said it was planning more than 4,000 job cuts.
A weak second half in Centrica's UK business, due to falling customer numbers and a possible government-imposed price cap led to a 17% fall in adjusted full year operating profits to £1.25bn as the company announced it was axing 4,000 jobs by 2020.
An energy price cap should be introduced "urgently" to stop vulnerable customers on variable tariffs being ripped off, a parliamentary committee said on Tuesday.
Ofgem has acted on its pledge to protect almost 1m more households from rising energy prices but the cap on what those customers will pay will increase.
London's FTSE 100 finished 0.57% lower on Thursday as results from Vodafone and Royal Dutch Shell disappointed.
Stronger than expected growth numbers have fuelled expectations that another rise in interest rates is on the way, with City traders now seeing a May rise from the Bank of England as an even-money bet. The economy expanded by 0.5% in the final quarter of 2017, according to official figures last week, faster than economists had forecast. - Sunday Times
UK utility stocks' discount to European peers is overblown, Credit Suisse said, as markets are being too cautious on the likely effect of government price caps.
British Gas owner Centrica was the standout gainer on the FTSE 100 on Tuesday as gas prices surged after an explosion at a natural gas facility near Austria's border with Slovakia and as Britain's Forties pipeline - which carries 40% of North Sea oil and gas - was closed for repair due to a crack.