Centrica Backs 2017 Guidance

By Olga CotagaFeaturesDow Jones Newswires

Centrica PLC (CNA.LN) said Monday it will report 2017 results in line with its previous guidance, which includes a further 250 million pounds ($313.8 million) of cost-savings.

The energy company is also on track to cut 1,500 jobs and have adjusted operating cash flow of more than GBP2 billion this year, it said.

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Centrica's full-year targets didn't change since it reported its 2016 results despite lower energy consumption in the U.K. and North America due to a warmer weather.

-Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

(END) Dow Jones Newswires

May 08, 2017 02:33 ET (06:33 GMT)