Centrica is due to crash out of the FTSE 100 for the first time since Britain’s former state gas monopoly was broken up more than two decades ago. The British Gas owner, spun off from BG Group and Transco in 1997, is well below the threshold for automatic relegation into the FTSE 250 ahead of this week’s reshuffle. Losing its FTSE 100 spot would be a striking fall from grace for Centrica, which can trace its history in the blue chip index to the privatisation of British Gas in 1986. The company has suffered a long malaise, compounded in recent weeks by the Covid-19 market crash and a slump in oil prices.
Telegraph 30th May 2020 read more »