Centrica to reveal jump in profits despite bill rises

Centrica is to announce another jump in annual profits, months after an increase in customer bills.

Trading under the name British Gas, the City is predicting profits of nearly £600 million, up from around £550 million in 2011.

Profits expected to rise for Centrica Credit: PA Archive/Press Association Images

At the end of last year, Centrica increased tariffs by 6 per cent for around 8.5 million households.

The company pre-empted any backlash at the weekend by publishing a report about its positive impact on the British economy.

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British Gas profits up 11%

British Gas has announced its profits are up 11% from last year to £606m. Its owner Centrica, which also owns Scottish Gas, has announced its annual operating profits are up 14%.