Sunday, 20 February 2011

Big Freeze drives up British Gas profits to a record £720m

British Gas is to announce record annual profits of more than £720million on the back of punishing price increases and the coldest winter in 120 years.

City analysts believe the 2010 figure will be up by  21 per cent – £130million – on the previous year.

The ‘big freeze’ is believed to have added £80million to the operating profits of Britain’s biggest energy supplier, which has 16 million customers.

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