LONDON (ShareCast) - 0930: London's top stocks are just below flat as utility firms are pushed lower after water regulator Ofwat outlined proposals that would see the average water bill fall by £14 to £330 before inflation between
2010 and 2015. United Utilities (LSE:
GB0006462336.L -
news) , Severn Trent (LSE:
SVT.L -
news) , Pennon Group (LSE:
PNN.L -
news) and Centrica (LSE:
CNA.L -
news) are all down. Miners are still trying to keep the markets higher with Fresnillo (LSE:
FRES.L -
news) , Kazakhmys (LSE:
KAZ.L -
news) , Vedanta Resources (LSE:
VED.L -
news) , Xstrata (LSE:
XTA.L -
news) and Rio Tinto (LSE:
RIO.L -
news) are the five biggest risers for the day. FTSE 100 down 5 to 4488.
0822: London's top stocks have opened slightly lower, with utilities among the main fallers after Ofwat called for lower water bills. The water regulator outlined proposals that would see the average water bill fall by £14 to £330 before inflation between 2010 and 2015. United Utilities is leading the fallers, while Severn Trent, Pennon Group and Northumbrian are also down.
On the positive side, miners Fresnillo, Kazakhmys, Vedanta Resources, Rio Tinto, BHP Billiton (LSE: BLT.L - news) and Anglo American (LSE: AAL.L - news) are all among the top ten risers. FTSE 100 is down 4 points at 4,490.
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