EDF has been ordered to pay out �3 million to benefit �vulnerable customers� after an investigation by the energy industry watchdog Ofgem found that the big six supplier had breached complaint handling rules.
The pound is on course to suffer its worst losing streak against the dollar in six years, as more investors pushed back their expectations of a UK interest rate hike into 2015.
... * LSE to raise $1.6 bln in 3 for 11 rights issue. * Shares offered at 1,295 pence, 30.1 percent discount. * LSE Q1 operating profits up 36 percent (Adds bullets, CFO David Warren comments, share price, details).
Activist investor Edward Bramson has ramped up the pressure on listed private equity firm Electra by demanding a shareholder meeting to shake up the board.
Shares in Atlantis Resources (LON:ARL) surged over 10% in early deals on Friday after it emerged the group had agreed a more than �50mln funding package for the first phase of its MeyGen project in Scotland Pentland Firth.