British Gas is to resume paying shareholders dividends - despite soaring bills for its customers.
His comments come as British Gas owner Centrica defended its decision to resume payouts to shareholders even as UK households come under pressure from rising energy bills.Adjusted operating profit for the six months ending in June rose to £1.34bn from £262m a year earlier.
Energy analyst David Cox said people would "react against" the sight of an energy company rewarding shareholders, as households struggle with bills. Mr Cox, who used to work at British Gas, said that the firm had stopped paying a dividend over the past few years as it "didn't have the money" to do so. But it had since made profits in its oil and gas exploration operations, which is why it is re-introducing payouts.
Centrica chief executive Chris O'Shea insisted a lot of the firm's profits were "going back into society".
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