British Gas profits up 11%
British Gas has announced its profits are up 11% from last year to £606m. Its owner Centrica, which also owns Scottish Gas, has announced its annual operating profits are up 14%.
Centrica: Tariff simplification means 'discounted deals disappear'
Centrica chief executive Sam Laidlaw told ITV News Business Editor Laura Kuenssberg that he agreed with David Cameron that "there has been too much confusion and proliferation of different tariff types."
He said simplifying pricing would mean that "the range between cheapest and most expensive is going to narrow" and that "the deeply discounted deals are disappearing".
British Gas was writing to customers every six months to advise on the cheapest tariffs available, he added.
More top news
-
Joe Biden vows to fight racial inequality with economic agenda
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
-
Trump reverts to promoting unproven drug as coronavirus treatment
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
-
What the papers say – July 29
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.