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Feb. 13, 2020, 4:54 a.m. EST

Centrica shares plunge on forecast for cash flow decline

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By Steve Goldstein


Centrica /zigman2/quotes/205228367/delayed UK:CNA -0.65% shares plunged over 16% in London, its worst one-day percentage decline since July 30. The U.K. electricity and gas provider said 2020 adjusted operating cash flow is likely to fall to the bottom end of a range of £1.6 billion to £1.8 billion if current commodity prices are maintained, after it fell 18% to £1.83 billion in 2019. Its adjusted operating profit last year fell 35% to £901 million, after a tariff cap in the U.K. and falling natural-gas prices.

UK : U.K.: London
55.32 p
-0.36 -0.65%
Volume: 1.25M
April 21, 2021 10:51a
P/E Ratio
Dividend Yield
Market Cap
£3.26 billion
Rev. per Employee

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