Centrica feels the heat but avoids cutting the dividend yet again | Nils Pratley
Centrica’s Iain Conn issued regrets on many fronts but probably saved his job – for now
The Centrica chief executive, Iain Conn, avoided the indignity of cutting the dividend for a second time in three years and has probably saved his job as a result, at least for now. It will be 4,000 colleagues who lose theirs as the company embarks on another round of cost-cutting in search of stability.Conn found himself issuing regrets on many fronts – to the affected workers and to investors...
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