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Centrica puts sale of UK North Sea natural gas fields on hold to maintain domestic production

The assets are “a key part of our portfolio,” along with the energy supplier’s stakes in Britain’s nuclear power stations, Chief Executive Officer Chris O’Shea told reporters Thursday. It’s a turnaround from 2019, when Centrica said it would exit oil and gas production for good — which it did in Norway, but not in Britain.
North Sea Oceans General United Kingdom Morecambe Bay Chris Oshea Centrica Plc

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TVS SCS secures deal worth Rs 2,000 crore from UK-based Centrica PLC

TVS SCS will be the service partner for Centrica to manage and transform its supply chain operations. TVS SCS, on its part, will provide its global supply chain expertise and offer a suite of its in-built, state-of-the-art proprietary IT systems – Msys – and automate the supply chain in line with Centricas business requirements, said a person aware of the development.
United Kingdom British Gas Tvs Supply Chain Solutions Centre Of Excellence Chain Solutions Tvs Scs

Sunak Seeks to Deflect Blame for Cost-of-Living Crisis Onto Corporate Britain

(Bloomberg) -- Rishi Sunak’s efforts to ensure companies are passing on cost cuts to UK consumers and banks are relaying interest rate rises to savers appear unlikely to yield significant results, because the government is relatively powerless to act.Most Read from BloombergStudent Loan-Relief Backers Warn Biden ‘Failure Isn’t an Option’Wagner Chief Lands in Belarus as Putin Says ‘Civil War’ AvertedUBS Preparing to Cut Over Half of Credit Suisse Workforc...
United Kingdom Katie Linsell Max Blain Swati Dhingra Rachel Morison Bloomberg Businessweek
Source: yahoo.com

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