General Article British Gas owner’s profits increase five-fold while energy bills soar

Topic Selected: Energy Book Volume: 413

British Gas owner Centrica has seen its profits increase by five-fold while households worry about paying their bills this winter.

By James Hocakday

The company’s operating profits in the six months to the end of June came to £1.34 billion amid a rampant rise in the cost of living.

It was significantly more than the £262 million recorded during the same period last year.

Meanwhile Shell has reported record profits of £9.4 billion, having doubled them in a single year.

The rise in profits com...

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