Soaring gas prices have rewritten the rules on the energy market this year
(Picture: PA Wire)The owner of British Gas is facing a backlash after the company announced a five-fold increase in profits and plans to reinstate paying dividends to shareholders, despite millions of households facing a squeeze as energy bills soar.
Boosted by higher revenues from its oil and gas business, Centrica said its operating profits had increased to £1.3 billion in the first six months of the year from £262 million during the same period last year. At the same time, the firm said it would pay a dividend of 1p per share to shareholders for the first time in two years.
