By Tapan Panchal
LONDON--Centrica PLC (CNA.LN) said Monday that its unit British Gas will reduce household gas prices by 5%, becoming the second U.K. energy utility to reduce prices after E.On.
The price cut by British Gas equates to an average 37 pounds ($42.7) reduction in annual energy bills.
By Lauren Pollock And Michael Calia
The gift of lower gasoline prices helped U.S. retailers post stronger-than-expected sales over the holiday-shopping season as consumers were more inclined to open their wallets to take advantage of promotions at the mall.
Independent. Insightful. Trusted. Morningstar provides stock market analysis; equity, mutual fund, and ETF research, ratings, and picks; portfolio tools; and option, hedge fund, IRA, 401k, and 529 plan research. Our reliable data and analysis can help both experienced enthusiasts and newcomers.