Not every chief executive gets re-elected with 99.12 per cent of the vote. So it’s lucky Centrica’s Iain Conn has some tips on how to do it. Always fit in a stonking great profits warning, just like Centrica’s in November — the one that produced the British Gas owner’s worst day on the stock market, sending the shares down 15 per cent to 138p. Then, to distract investors’ attention from Theresa May’s energy price caps, lob in dismal trading in North America and a historic accounting error over customer bills. And top it all off with 4,000 more job cuts and jitters over the 12p dividend: a payout Mr Conn has already cut by 30 per cent after joining in January 2015.

Source: The Times May 14, 2018 22:52 UTC