Feb 22, 2018

British Gas owner Centrica to cut 4,000 jobs after 'weak' year

Centrica, which owns British Gas, is cutting 4,000 jobs as it continues to lose customers. The energy supplier, which has operations in North America and Ireland as well as its main UK market, said group profits fell 17% to £1.25bn. Chief executive Iain Conn said the firm had a "Weak" second half of 2017, and it was not helped by political and regulatory intervention in the UK. British Gas shed 9% of its UK domestic customers in 2017.

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