Business News: British Gas Owner Cuts 800 Jobs In Three Months


The owner of British Gas, Centrica, has cut 800 jobs in the first three months of the year.The cull forms part of the 3,000 job-cuts Centrica had already scheduled for 2016.
The company is in the midst of a cost-cutting programme and last summer announced it would be slashing 6,000 jobs in an attempt to save £750m a year.
The company’s debt fell to £4.4bn in the January to March period.
It expects full year operating cash flow to be “in excess” of £2bn; last year it was £2.3bn.