British Gas owner needs more than cost-cutting and energy prices prayer | Nils Pratley

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Everything is going wrong at once. Sale of North American business may be only way out for Centrica

Spare a thought, amid the oil price rout, for beleaguered Centrica, trying to flog its oil and gas exploration assets in a world where buyers have evaporated. The owner of British Gas “paused” its search for a buyer for its 69% stake in Spirit Energy a fortnight ago, but bowing to the inevitable has merely highlighted the financial strain across the group.

 

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When I was beans and toast

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