UK

British Gas owner sees profits slump as energy markets stabilise

Centrica reported underlying earnings halving to £1.04 billion for the first half of 2024 from £2.08 billion a year ago.

British Gas owner Centrica has revealed tumbling profits as it said the UK was moving to a ‘more normalised’ gas and electricity market after two years of soaring energy prices
British Gas owner Centrica has revealed tumbling profits as it said the UK was moving to a ‘more normalised’ gas and electricity market after two years of soaring energy prices (Owen Humphreys/PA)
By Holly Williams, PA Business Editor