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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff and Alex Lawson

Stronger profits at British Gas owner fuel £250m share buyback

Giant British Gas brazier used for advertising and promotion during London's millennium celebrations
British Gas owner Centrica plans to buy back up to 5% of shares. Photograph: Clynt Garnham Business/Alamy

The British Gas owner Centrica has revealed plans to hand more money back to shareholders, as stronger profits from high electricity and gas prices help offset poor performance of its retail arm.

In an unscheduled trading update on Thursday, the company said it expected profits to be at the top end of analyst forecasts, which are predicting earnings of about 15.1p to 26p a share for 2022.

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