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British Gas to announce record profits

British Gas is set to announce record profits on Thursday for the second year in a row, adding to the expected £2bn profits of its parent company Centrica.

It is likely to lead to fresh outcries from consumer groups about utility prices.

It comes just weeks ahead of a decision by the energy regulator, Ofgem, on whether to refer the entire industry to the Competition Commission for a full investigation.

Jon Moylan reports.