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British Gas-owner under price cap cosh regardless of election result
Thursday 08 Jun 2017 Author: Steven Frazer

British Gas-owner Centrica (CNA) is facing further selling pressure in the coming weeks regardless of the outcome of today’s general election (8 Jun). Energy tariff price caps of some description could squeeze the group’s future earnings and dividends, dragging further on the share price.

British Gas is the UK’s biggest energy supplier and Centrica shares have been weakening since February, but analysts at UBS calculate possible 15% further downside to the stock, currently trading at 197.7p. (SF)

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