FINWIRES · TerminalLIVE
FINWIRES

UK Strengthens Energy Regulator's Powers to Protect Consumers

-- The UK government implemented a comprehensive overhaul of the Office of Gas and Electricity Markets, or Ofgem, to boost the regulator's capabilities to protect consumers.

According to a Wednesday public notice, the reforms marked the first major update in the energy regulator's mandate since it was established in the year 2000.

The overhaul gave the regulator new powers, including the capability to directly enforce consumer law, measures to ban energy company bonuses if they break the rules, and streamline its remit to increase focus on economic and consumer protection.

Related Articles

Australia

UBS Adjusts Price Target on Tapestry to $142 From $141, Maintains Neutral Rating

Tapestry (TPR) has an average rating of overweight and mean price target of $165.53, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $148.33, Change: $+2.15, Percent Change: +1.47%

$TPR
Australia

Oppenheimer Adjusts Boston Scientific Price Target to $90 From $100, Maintains Outperform Rating

Boston Scientific (BSX) has an average rating of Buy and mean price target of $87.23, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $65.88, Change: $+1.01, Percent Change: +1.55%

$BSX
Research

B. Riley Downgrades Century Communities to Neutral From Buy, Cuts Price Target to $64 From $75

Price: $56.30, Change: $-7.53, Percent Change: -11.80%

$CCS