British Gas owner loses 742,000 customers and issues price cap warning
by Adam Vaughan Energy correspondent from Environment | The Guardian on (#49K0M)
Centrica says it will take 300m hit on cap on energy bills and lowers 2019 cashflow outlook
The owner of British Gas, Centrica, lost about three-quarters of a million customers last year and warned it will take a 300m hit from the government's price cap on energy bills.
Shares in Britain's biggest energy company dropped more than 10% after the company lowered its cashflow outlook for 2019, leading investors to fear Centrica's dividend could be cut.
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