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British Gas agrees to pay £20m after prepayment meters investigation


By Michael Griffiths

British Gas has agreed to pay £20m into the energy regulator Ofgem’s voluntary redress fund, following an investigation into the company’s installation of prepayment meters.

The investigation followed issues identified in 2023, covering activity between February 2018 and February 2023, and was resolved with the regulator through alternative action


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ITV still discussing sale of M&E arm with Sky

ITV has confirmed it remains in “active discussions” with Sky over a possible sale of its media and entertainment (M&E) division

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FRP Advisory expects 16% revenue growth in FY26

FRP Advisory has stated that it expects to report at least £176m in revenue in FY26, marking a 16% year-on-year increase

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Burberry’s weaker EMEA performance hits share price

Shares in Burberry dropped by over 6% after the firm reported a 2.5% drop in its revenue in Europe and the Middle East to £821m in the year to 28 March

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Aviva reports 19% jump in GI premiums

Aviva has reported a 19% increase in general insurance (GI) premiums in Q1, totalling £3.4bn, a figure up from £2.9bn in the opening quarter of last year

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Babcock reports revenue growth despite £140m profit hit

Babcock International has reported a jump in revenue to £5.27bn in its latest annual results, despite the defence contractor taking a £140m hit to its profits from a recurring charge on its Type 31 contract

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Spire Healthcare shares soar following £1bn buyout offer

Shares in Spire Healthcare jumped by over 44% after it received a non-binding proposal from its second largest shareholder, Toscafund, valued at approximately £1bn

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Vistry warns H1 profits will be ‘significantly lower’

Vistry has revealed that its profits in H1 are expected to be “significantly lower” than last year as the housing developer blamed increased macroeconomic uncertainty.

The firm said an ongoing focus on cash generation and reducing debt levels would allow its H2 profit to recover slightly and be in line with its H2 period last year, however

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Marshalls hits expectations despite inflation pressures

Marshalls has stated that its trading in the four months to 30 April remained in line with expectations, as its revenue dropped by 1% year-on-year to £205m

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Intertek set to accept EQT’s final proposal

Intertek has stated that it would be minded to recommend EQT’s £10.6bn takeover proposal to its shareholders, should the Swedish private equity firm make a formal offer

Leeds Building Society pension scheme completes £66m buy-in with Royal London

The Leeds Building Society Staff Pension Scheme has completed a £66m buy-in with Royal London, securing the benefits of 590 members
Vodafone reports 8% revenue increase in FY26

Vodafone has recorded an 8% increase in its revenue to €40.5bn, following strong service growth and its consolidation of Three UK
4basebio appoints new CFO

Richard Bungay has been appointed as the new chief financial officer (CFO) at 4basebio, replacing David Roth, who stepped down from the board earlier this year


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