Centrica, a FTSE 100 firm, has announced significantly higher operating profits for its retail arm, but faces backlash from shareholders over CEO Chris O'Shea's proposed £4.5m pay packet.
Centrica, a FTSE 100 firm, has announced significantly higher operating profits for its retail arm, but faces backlash from shareholders over CEO Chris O'Shea's proposed £4.5m pay packet.
The FTSE 100 firm has posted a bullish trading update ahead of a heated series of votes with shareholders over executive pay, where bosses will bear the brunt of an investor revolt over chief executive Chris O’Shea’s proposed £4.5m pay packet. It also pedicts its full-year group adjusted earnings per share to come near the top-end of the 16.5 pence- 24.7 pence range it established earlier this year.
This will be put to a shareholder vote – with Centrica expected to win all the motions set out at its AGM, despite the controversy., powered by soaring oil and gas prices after Russia’s invasion of Ukraine.
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