FRANKFURT May 12 Innogy, Germany's
largest energy group, on Friday warned prospects in the British
retail market sharply deteriorated as a result of fierce
competition, adding it no longer expected its troubled Npower
unit to turn a profit there.
First-quarter adjusted earnings before interest and tax
(EBIT) at Npower plunged 74 percent to 34 million euros ($37
million), Innogy said in its annual report. Npower accounts for
less than 3 percent of Innogy's adjusted EBIT.
($1 = 0.9200 euros)
(Reporting by Christoph Steitz; Editing by Harro ten Wolde)