Energy giant's profit jump
AN ENERGY company whose customers were hit with bill hikes of 9 percent last month reported a 38 percent jump in half-year profits to nearly £400 million today.
SSE, which trades as Southern Electric, Swalec and Scottish Hydro, also increased its dividend for shareholders by 5 percent to 25.2p a share.
But the company defended the increases and said its household energy supply business accounted for 8 percent of total operating profits.
Caroline Flint, Labour's energy spokeswoman, said: "People will not understand how the energy giants can get away with inflation-busting price rises this winter when their profits are already increasing."
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