BRITISH Gas and Shell have been slammed for announcing billions in profits as families face crippling energy bills. Centrica-owned energy titan British Gas reported a rise in operating profits to a…
Meanwhile, one customers questioned how firms can turnover billions when "people will be genuinely struggling to pay heating and electricity bills this winter".
Laith Khalaf, head of investment analysis at AJ Bell, said high energy prices have created "boom times" for companies that produce oil and gas. He added: "Energy is a very fickle business, and it was only two years ago that oil prices dipped below $0, and these companies were making eye-watering losses.
"Looking forward there looks to be little respite in sight from climbing energy prices, and this winter is shaping up to be a pretty bleak one financially for millions of UK consumers."with more than 10% of households’ salaries sucked up by rising gas bills.to hit £3,420 and for January’s price cap to hit £3,850.If you're struggling to pay for them or are worried about the upcoming price cap rise, there is support on offer.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
British Gas owner's profits increase five-fold to £1.3b as energy bills soarBritish Gas owner Centrica has posted operating profits of £1.34 billion in the six months to the end of June, an increase of five-fold on the same period in 2021.
Read more »
British Gas owner Centrica resumes shareholder payout as bills riseParent company Centrica is to pay a 1p dividend per share after having suspended payouts for three years.
Read more »
Martin Lewis issues urgent plea as British Gas profits skyrocket and Brits face £4k billsMartin Lewis has urged Boris Johnson and Tory leadership candidates Rishi Sunak and Liz Truss to intervene amid concerns energy bills will soar again putting enormous pressure on already squeezed households.
Read more »
Shell posts record profit for second consecutive quarter\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
Fears for winter supplies after Russia 'blackmails' Europe by cutting gasUkraine has accused Russia of inflicting ‘terror’ on Europe by cutting gas supplies to Europe, as experts predict a difficult winter ahead.
Read more »