INVESTORS SEEK CLARITY FROM CENTRICA

CENTRICA will hope to win back some investor confidence on Friday as it presents its latest figures amid a tough battle with the unions.

A good set of numbers for the British Gas owner, or at least some more clarity on the firm’s turnaround plans, could be crucial for new Centrica boss Chris O’Shea to keep investors on side.

The firm needs to regain the

confidence of long-suffering shareholders as it faces what is proving to be acrimonious talks with unions over the future of many of the staff at the struggling energy supplier.

British Gas is still the biggest energy provider in Britain, but according to Ofgem statistics, it has gone from supplying 25 per cent of the market in 2013 to less than 19 per cent.

SWITCH OFF: British Gas is supplying less of the market than in 2013