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ANALYST VIEWS: HOW STRONG IS CENTRICA IN LIGHT OF LOWER PROFITS ?
ANGELOS ANASTASIOU | INVESTEC
Centrica’s statement indicates a slight downgrade in full year 2011 earnings per share, although growth is still expected in the full year. We continue to believe that the underlying story here remains sound.
JONATHAN JACKSON | KILLIK & CO
In the near term, we expect the group to benefit from a new round of cost savings – the statement highlights that a review is being undertaken – although the precise level of savings has still not been quantified.
KEITH BOWMAN | HARGREAVES LANSDOWN
A progressive dividend and a diverse array of businesses continue to provide attraction. But the announcement provides clear disappointment, supporting the downgrade from buy to strong hold.