FTSE up despite energy companies tumbling

Energy companies took a tumble today after regulator Ofgem opened an inquiry into the electricity and gas supply markets.

FTSE up despite energy companies tumbling
Thu, 21 Feb, 2008 - 18:03

Energy companies took a tumble today after regulator Ofgem opened an inquiry into the electricity and gas supply markets.

British Gas owner Centrica unveiled profits of more than £2 billion earlier in the session, but news of the investigation caused shares to close 4% lower.

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CourtsBusinessHeathrowPlace: United StatesPlace: UKOrganisation: FTSEOrganisation: OfgemOrganisation: CentricaOrganisation: ScottishOrganisation: SouthernOrganisation: British EnergyOrganisation: Reed ElsevierOrganisation: XstrataOrganisation: KazakhmysOrganisation: Halifax Bank of ScotlandOrganisation: Royal Bank of ScotlandOrganisation: Lloyds TSBOrganisation: LloydsOrganisation: Alliance & LeicesterOrganisation: B&QOrganisation: KingfisherOrganisation: AvivaOrganisation: Norwich UnionOrganisation: JP MorganOrganisation: BAE SystemsOrganisation: Sky BroadcastingOrganisation: ITVOrganisation: NewcastleOrganisation: SABMillerOrganisation: FosterOrganisation: S&NOrganisation: Royal & Sun AllianceOrganisation: Old MutualOrganisation: Yell GroupOrganisation: British Airways
<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

Profits rise to €19.8m at Cork-headquartered PFH Technology

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