U.S. News

Centrica Posts Strong First-Half, Could Beat Forecasts

By Reuters

Britain's biggest domestic energy supplier, Centrica, said on Monday it would beat operating profit forecasts if wholesale energy prices turned out in line with current forward market prices.

"Centrica has performed well through the early part of 2007 and delivered strong financial results in the period, with higher profits from downstream businesses more than offsetting lower upstream contribution," the owner of British Gas said in a statement.