May 13, 2019
British Gas owner says trading 'challenging'
British Gas owner Centrica has warned of "Challenging" trading conditions amid controversy over executive pay. The company said that warmer-than-usual weather, the falling price of gas and a cap on standard variable tariffs would affect its financial performance in the first-half of the year. That alert coincides with Centrica's annual general meeting. It will reveal whether shareholders have rebelled against a 44% pay rise for chief executive Iain Conn..
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