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


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

index fell 1.2% and the FTSE 250

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…


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