Energy price cap threatens Centrica’s earnings and dividend

That’s bad news for one of the FTSE’s most popular income stocks
Thursday 12 Oct 2017 Author: Steven Frazer
The Government has confirmed plans to introduce energy price caps across what prime minister Theresa May has called ‘the broken energy market.’ The news prompted a steep decline in the share price of Centrica ( CNA ) which looks likely to be worst hit by an Ofgem clampdown. It has also called into question the group’s future dividend payout plans, the main reason investors hold the shares. The stock...

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