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Centrica profit dives, gas glut forces £1bil charge

LONDON: Centrica Plc’s full-year profit plunged, missing estimates, because of the negative impact of the government’s price cap and declining natural gas prices. The UK’s biggest energy supplier to homes also booked an impairment of more than £1.1bil (US$1.4bil) because of a decline in the value of the company’s oil, gas and nuclear assets.