First Utility postpones IPO following Brexit vote



British energy supplier First Utility has postponed plans to list shares due to uncertainty created by Brexit and because proposals to improve competition in the energy market have not yet borne fruit, its chief financial officer said.
First Utility, one of the smaller firms steadily snatching market share from the incumbent "Big Six" energy suppliers, made plans last year for an initial public offering (IPO) and picked board members to steer it through the process.
But Britain's vote to leave the European Union (EU) has created economic and political uncertainty and changes... read more

 
5 October 2016 in Business, Views: 44
Source: Reuters
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