Labour pledge hits shares in UK power firms

Power giants Centrica and SSE saw UK shares tumble after Labour leader Ed Miliband’s vow to freeze household energy bills spooked markets.

Labour pledge hits shares in UK power firms
Wed, 25 Sep, 2013 - 18:49

Power giants Centrica and SSE saw UK shares tumble after Labour leader Ed Miliband’s vow to freeze household energy bills spooked markets.

The reaction to his conference speech was fuelled by Centrica’s warning that such a move could mean it is not viable for the firm, or any other energy supplier, to operate in the UK.

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CourtsBusinessFTSEPlace: UKPlace: United StatesPlace: New YorkPlace: South KoreaPerson: Labour LeaderPerson: Ed MilibandPerson: Micky ArisonPerson: Laura AshleyEvent: PartyOrganisation: CentricaOrganisation: SSEOrganisation: UKOrganisation: Power giantsOrganisation: US governmentOrganisation: CongressOrganisation: CBIOrganisation: Southern ElectricOrganisation: SWALECOrganisation: CostaOrganisation: P&O CruisesOrganisation: CarnivalOrganisation: ConcordiaOrganisation: Royal Bank of ScotlandOrganisation: RBSOrganisation: BarclaysOrganisation: Lloyds Banking GroupOrganisation: BAE SystemsOrganisation: FresnilloOrganisation: Travis PerkinsOrganisation: International Airlines GroupOrganisation: Tesco
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