Centrica released a weak trading statement. Competition remained intense in the UK during the four months to October. The company lost 372k accounts in its Home business, while the E&P business suffered from unplanned outages forcing Spirit Energy to cut its 2018 production target by 5%. However, the group confirmed its 12p dividend target for 2018, ensuring a comfy 8.8% yield at today’s price, thus limiting the downside risk.
22 Nov 2018
Customers kept walking away in Q3 18
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Customers kept walking away in Q3 18
Centrica plc (CNA:LON) | 131 -0.8 (-0.5%) | Mkt Cap: 7,013m
- Published:
22 Nov 2018 -
Author:
Edouard Enault -
Pages:
3
Centrica released a weak trading statement. Competition remained intense in the UK during the four months to October. The company lost 372k accounts in its Home business, while the E&P business suffered from unplanned outages forcing Spirit Energy to cut its 2018 production target by 5%. However, the group confirmed its 12p dividend target for 2018, ensuring a comfy 8.8% yield at today’s price, thus limiting the downside risk.