Popular News From Popular Sites: British Gas Half-Year Profit Squeezed By 26%

Thursday, July 31, 2014

British Gas Half-Year Profit Squeezed By 26%

British Gas Half-Year Profit Squeezed By 26% The parent company of British Gas has reported a large fall in half-year operating profit, which has been blamed on mild weather and the furore over energy bills. Centrica said British Gas Residential saw its earnings fall 26% to £265m in the six months to June 30, compared to the same period last year. The drop comes amid ongoing controversy over bill hikes imposed by the so-called big six energy providers, and mild weather. Chairman Rick Haythornthwaite said the troubles were down to "weather and reflecting the wider political environment".




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