UK energy crisis: Big firms positioned for further gains

FTSE 350 Oil Gas and Coal has risen 9.3%

Kathleen Gallagher
clock • 3 min read

1.5 million UK customers have been left out in the cold without a gas provider in recent weeks.

However, perverse though it may seem, it is the gas sector that is winning from an investment perspective and it could see further benefits as industry commentators expect the government to rethink their energy transition strategies. In the month to 22 September, the FTSE 350 Oil Gas and Coal index has risen 9.3%, while the FTSE 350 has risen just 0.2% and the MSCI ACWI Climate Paris Aligned index has returned 0.1%, according to Morningstar Direct figures.  Some of the top gainers in the Oil Gas and Coal index include Centrica, which was up 8.4% in the five days to 23 September and Tu...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Content: Join us today: Unlocking portfolio potential

Partner Content: Join us today: Unlocking portfolio potential

Join us for our Podcast Live! discussion with LGIM as we unpick new investment opportunities in the overlooked asset classes powering the energy transition.

Sarka Halas
clock 07 February 2024 • 1 min read
'The recession that did not happen': How investors should be positioned for 2024

'The recession that did not happen': How investors should be positioned for 2024

Wellington co-head of investment strategy

Natasha Brook-Walters
clock 06 February 2024 • 4 min read
Investment Company of the Year Awards Winners Interview - Allianz Technology Trust PLC

Investment Company of the Year Awards Winners Interview - Allianz Technology Trust PLC

clock 05 February 2024 • 3 min read
Trustpilot