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Centrica dividend looks increasingly at risk

Centrica dividend looks increasingly at risk

Putting all of its eggs in one basket was always going to be risky for Centrica (CNA). The big six energy supplier lost 823,000 customers between June and October this year, prompting its largest ever one-day drop in share price. Chief executive Iain Conn described the results as disappointing, and the group warned that its adjusted EPS for the year would be around 12.5p, below consensus forecasts. This was due to lower than expected adjusted operating profit in both North America and the UK business, combined with the impact of mild weather in October and November.

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