Centrica is preparing to pare back its dividend for the second time in four years as the British Gas owner plots the sale of some oil and gas interests in a bid to revive its finances.
The FTSE 100 firm could cut to its payout to investors as well as offload some of all of its 69pc stake in oil and gas producer Spirit Energy in a bid to cut its £2.7bn debt mountain.
Chief executive Iain Conn slashed the dividend by 30pc when he joined from BP in 2015 and analysts believe he will do so again when the company updates investors this week.
Billions have been wiped off Centrica’s market value since he joined, while Britain’s biggest largest supplier of gas and electricity lost almost 750,000 customers…
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