Expert Comment
Centrica announces a 17 per cent fall in profits - expert comment by Professor David Elmes
Centrica, the owner of British Gas, has reported a 17 per cent fall in profits and may cut 4,000 jobs in response, suggesting that Government plans for an energy price cap was one of the main reasons for the restructure. Professor David Elmes, Head of the Global Energy Research Network at Warwick Business School and a former Vice President for Schlumberger and Capgemini, comments.