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Breakingviews - Centrica gives ammo to UK windfall tax fans

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Breakingviews - Centrica gives ammo to UK windfall tax fans

Chris O'Shea is joining the energy sector's buyback bonanza. The chief executive of 5 billion pound Centrica on Thursday outlined plans for a 250 million pound share repurchase, following in the footsteps of chunky payouts by BP and Shell . With the UK already windfall taxing North Sea oil profits, the risk for O'Shea is that it emboldens UK Prime Minister Rishi Sunak to hit power generators as well.

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Breakingviews - Centrica gives ammo to UK windfall tax fans

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Breakingviews - Centrica gives ammo to UK windfall tax fans

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