Energy prices are driving trading in UK-listed stocks this morning as Centrica says it has doubled its profits and Premier Oil says its profits were increased by the continuining rise in oil prices.
The FTSE 100 index is currently up 20.8 points or 0.39% to 5,368.2 despite losses for Centrica, which earlier this morning announced its profits have doubled on rising energy prices. Centrica has now announced its chairman Gardner will retire at the same time as revealing second-half profit is unlikely to be as good as the distribution of gas to retail customers will affect the profits earned from wholesale distribution. Centrica’s closest rival, BG Group, has so far risen 11.5p or 1.82% to 643.5p while mining firm Antofagasta is also up 20p or 1.39% to £14.63 alongside its rival Rio Tin...
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