Profits worth billions of pounds have been announced by energy giants Centrica and Shell at a time when huge hikes in fuel and energy bills have contributed to a UK cost of living crisis.
British Gas parent company Centrica recorded an increase in operating profits to £1.34billion for the first six months of the year, up from £262million a year earlier, as the war in Ukraine continues to push up gas prices, reports the Mirror.
And British Gas reported an adjusted operating profit of £98million, down 43% compared to last year - but only because the energy giant took on more than 200,000 customers after dozens of its rivals went bust. It said it needed to buy more energy to cope with demand.
