FY18 had raised concerns about the sustainability of the dividend, and Centrica has finally cut it by nearly 60% after the catastrophic figures for H1. The group has announced its intention to exit from oil and gas production in order to refocus its activities on services around the transition to low-carbon. The group tried to reassure about the outlook for H2, confirming its cash flow and net debt full-year targets.
30 Jul 2019
CEO steps down, dividend slashed
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CEO steps down, dividend slashed
Centrica plc (CNA:LON) | 132 -1.1 (-0.6%) | Mkt Cap: 7,069m
- Published:
30 Jul 2019 -
Author:
Auguste DERYCKX LIENART -
Pages:
3
FY18 had raised concerns about the sustainability of the dividend, and Centrica has finally cut it by nearly 60% after the catastrophic figures for H1. The group has announced its intention to exit from oil and gas production in order to refocus its activities on services around the transition to low-carbon. The group tried to reassure about the outlook for H2, confirming its cash flow and net debt full-year targets.