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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