Centrica Shares Trade Lower Ahead of Ofgem Announcement
Centrica shares fell 0.4% to 199.55p in early London trading Tuesday, lagging the FTSE 100 ahead of Ofgem’s upcoming energy price cap decision. British Gas launched a two-year fixed tariff as markets braced for possible higher bills tied to Gulf tensions and rising wholesale prices. Brent crude rose 3% after U.S. strikes in Iran. Centrica remains about 9.5% below its April high.