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BCS Barclays PLC

10.34
0.10 (0.98%)
Pre Market
Last Updated: 11:09:18
Delayed by 15 minutes
Name Symbol Market Type
Barclays PLC NYSE:BCS NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.10 0.98% 10.34 3,978 11:09:18

Banks in Talks With UK Regulator About Loans for Energy Providers, FT Reports

07/01/2022 9:14am

Dow Jones News


Barclays (NYSE:BCS)
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--NatWest Group PLC and Barclays PLC are in talks with regulators to provide loans to U.K. energy suppliers, the Financial Times reports, citing unnamed sources.

--The money would allow energy firms to spread out the costs of taking customers from failed peers, partially reducing a potential big increase in bills, according to the newspaper.

--The loans proposed by U.K. energy watchdog Ofgem could save customers around GBP70 this year as costs would be spread over an extended period, the FT reports.

 

Full story: https://on.ft.com/34yzqJv

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

January 07, 2022 03:59 ET (08:59 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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