Centrica to cut 4,000 jobs and sell UK nuclear holdings

Beleaguered British Gas owner lost 1.4 million customers last year

Centrica logo
Centrica’s profits fell by 17% in 2017
(Image credit: Scott Barbour/Getty Images)

Centrica, the owner of British Gas, is cutting 4,000 jobs and sellings its nuclear holdings amid plummeting profits and customer numbers.

The energy supplier says group profits across operations in the UK, Ireland and North America fell by 17% to £1.25bn for the year ended December 2017.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up