By John Glenday

British Gas has weathered a seven per cent fall in profits over the first half of the year following an exodus of some 400,000 customers who’ve switched supplier.

Centrica, parent company of the utilities giant, reported a UK home operating profit of £516m over the period, a figure driven south by increased competition and large numbers of customers reaching the end of fixed term contracts.

Dismissing any suggestion that Brexit may have had a hand to play in the dismal figures Centrica stated: “… the result creates general uncertainty which adds to challenges for UK businesses in all sectors, with implementation plans Read full story ›

Source: The Drum