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Centrica soars on U.S. energy unit sale but U.K. stocks sink as China hits back over consulate closure

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Shares in British Gas owner Centrica climbed 17% on Friday, as it announced the sale of its U.S. energy arm to NRG Energy.


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British Gas owner Centrica stock soared on plans to sell its U.S. energy arm, but the broader U.K. stock market slumped amid rising U.S.-China tensions. 

The U.K.’s benchmark FTSE 100
UKX,
-1.23%

index fell 1.2% and the FTSE 250
MCX,
-1.01%

declined 1%, in line with other major European indexes. The pound ticked higher against the dollar, shaking off concerns over a Brexit trade deal. Equities were put…



Source marketwatch.com

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