Centrica Set to Cut Dividend, Sell Oil-And-Gas Unit -The Sunday Times
July 22 2019 - 2:13AM
Dow Jones News
--British Gas-owner Centrica PLC is set to cut its dividend and
launch a sale of its 69% stake in oil-and-gas business Spirit
Energy, London's the Sunday Times reports, citing unnamed
sources.
--This is part of Chief Executive Iain Conn's attempt to revive
the company, as intense competition and turmoil in the utilities
sector have left the group at risk of being relegated from the FTSE
100, the Sunday Times reports.
Full story: https://bit.ly/2Lz3aLf
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(END) Dow Jones Newswires
July 22, 2019 01:58 ET (05:58 GMT)
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