British Gas profits to soar

British Gas parent Centrica today said its residential utility arm was on track to see profits soar by an expected 43% this year, despite a 7% fall in energy consumption.

The group confirmed it was performing in line with market forecasts, which include operating profits of £1.86bn (€2.05bn) for Centrica and £541m (€597.4m) for British Gas, up from £379m (€418.5m) the previous year.