Wednesday, July 28, 2010

British Gas profits rocket by 98%

From The Daily Mail:

Profits at British Gas have almost doubled after the firm cashed in from a bitterly cold winter that left millions struggling to pay for heat and light.
News that the company made £585million in the first six months of the year has triggered outrage among customers.

The figure was up 98 per cent on the same period last year and helped its parent company, Centrica, boost profits by 65 per cent to 1.56billion.

British Gas and other power suppliers cashed in last year after they failed to pass on the full benefit of a sharp fall in the wholesale price of gas and electricity.

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