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British Gas profits up 3.2%

British Gas' residential business increased profits by 3.2% to £356 million in the first half of the year, parent company Centrica has announced.

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British Gas owner cashed in on Britain's big freeze

British Gas Residential saw profits from its energy supply increase to £356 million in the cold weather. Credit: Owen Humphreys/PA Archive

Britain's bitterly cold winter boosted the profits of British Gas owner Centrica after the company raised tariffs by 6% in December.

The rise in profits, from £345 million in the same period last year, is likely to spark anger despite the company pledging to halt further tariff hikes.

Campaigners have called for the company to go further and cut prices.

Centrica chief executive Sam Laidlaw said: "With our customers using more gas to stay warm during the unusually cold winter, we're doing everything we can to help them keep their energy costs under control and make bills simpler and clearer."

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