Mergers & Antitrust Legislation Information
July 27, 2020, 12:58 PM Pay attention
Centrica’s sale of its Direct Vitality enterprise is a “game changer,” Bank of America says because it upgrades the utility to impartial from underperform.Disposal at a higher-than-expected valuation resolves balance-sheet subject and paves manner for gradual reinstatement of dividend, analyst Fraser McLaren writesStill, a GBP1b improve in pension liabilities takes shine off dealBofA additionally stays cautious about publicity to UK. financial system and different “externalities” like commodity costs and unhealthy debtsMeanwhile, Centrica’s home vitality buyer numbers proceed to fall amid sustained competitionSum-of-parts price goal raised to 52p from 35pNOTE: Centrica shares up 5.2% to 49.6p…
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