RealNews

Centrica announces higher than expected £992m profits

British Gas parent Centrica today reported higher-than-expected profits of £992m and raised its dividend, the day after it provoked fury among its 16 million customers with its biggest ever price hike. The first-half results and the 16% hike in the dividend payment to shareholders drew another angry response from consumer groups. Patrick South at Age Concern said: “Many pensioners will be shocked that while they are worrying about how to afford to heat their homes this winter such significant profits are being made and shareholders are getting a substantial dividend.” Full Story

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