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E.ON flags faster turnaround at British retail business

FRANKFURT, March 24 (Reuters) - E.ON, Germany’s largest listed energy group, on Wednesday said its British retail business was recovering faster than planned, proposing a higher dividend for the past year as the coronavirus pandemic’s impact was limited.

E.ON’s UK retail unit, which includes the Npower brand acquired as part of an asset swap with RWE, would deliver more than 100 million pounds ($137 million) in profits this year, one year ahead of schedule. ($1 = 0.7294 pounds) (Reporting by Christoph Steitz Editing by Riham Alkousaa)

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