Centrica’s (CNA) struggles continue. Squeezed by the price cap on UK household energy bills, lower wholesale commodities prices and nuclear power station outages, the group swung from a £987m statutory operating profit to an £849m loss in 2019. Net exceptional charges before tax came in at £1.1bn, including a £476m impairment on its exploration and production assets and £356m in restructuring costs.
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