EnergyWatch

Worst year for Centrica leaves investors unimpressed on strategy

Investors are skeptical about the strategy of Centrica with the UK utility headed for its worst year on record. Brexit turmoil seems to be plaguing energy suppliers with no indications of relief.

Centrica Plc is headed for its worst year as investor skepticism over the utility's strategy and the political turmoil plaguing U.K. energy suppliers shows no sign of ending.

Concerns that Britain's biggest home energy supplier may have to cut its dividend contributed to a 32 percent share-price drop, the biggest decliner of its European peers. That's on top of Prime Minister  Theresa May's plan to cap household bills, which sent Centrica's stock down the most in more than a year when it was announced last month.

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