British Gas owner and Shell report billions in profits amid cost of living crisis

British Gas owner Centrica reported an increase of operating profits to £1.34 billion

TWO major energy firms have announced billions of pounds worth of profits as the UK faces an increasing cost of living crisis.

Just hours after financial expert Martin Lewis warned that the energy price cap could rise as much as 78% and increase further in January, energy giants Shell and Centrica – which owns British Gas – revealed their financial outlooks for the year.