Friday, June 24, 2005

Gas attack

UK leading gas retailer/domestic services company Centrica released a trading update today, in which it cites "very strong" growth in its OneTel CPS business, but warns of weaker margins due to rising customer acquisition costs. The customer growth is attributed to cross-marketing with gas. Incidently, one of my colleagues visited the local branch of the post office yesterday at lunchtime and received an impassioned sales pitch for their HomePhone product, which broke the 100k mark in early June, and claims to be signing up 1,000 people a day.

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