
Britain's biggest utilities may get a respite from the regular attacks they've suffered from both left and right of the political specter after Prime Minister Theresa May's Conservative Party failed to secure a majority in Thursday's election, throwing her plan to cap household energy prices into doubt.
May's gamble to call an early election backfired, casting uncertainty over the government's make-up. Conservative plans to cap household energy bills may be relaxed, which would be a boon for the utilities, said Elchin Mammadov, an analyst for Bloomberg Intelligence in London. Centrica Plc rose the most in three weeks, while SSE had its biggest gain in a month.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app