Green Investment Bank still a Concept
 
16 July 2010
Leading figures from across industry warned that the need for new tools to finance future investment in infrastructure are necessary to secure Britain's growth as a low carbon economy. While the coalitions Green Investment Bank (GIB) is supported, it is important to recognise that it is still at present only a concept.  
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A week of Positives
 
09 July 2010
This was a week for good news in the Financial markets; the IMF upgraded its forecasts for world economic growth and there was increasing confidence that European banks would pass their stress tests. Borrowers were pleased, though not surprised that UK interest rates remained unchanged. Overall world stock markets recorded gains across the week.  
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Unemployment Figures Rise
 
16 June 2010
Unemployment rose to 2.47m during the first 3 months of the year and with further public sector cuts widely anticipated, things don't look particularly rosy. A very tricky balancing act lies ahead - sort out the deficit but beware the pull from the black hole called recession.  
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A Week for Releasing Figures
 
20 April 2010
With the political debate heating up; more 'head to heads' scheduled and with the News Channels pouring over polls, polls of polls and more polls - then the economic figures coming out this week are surely going to add a lot more ingredients to the boiling pot.  
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Confidence Is out there - but are the Foundations Strong?
 
12 April 2010
The signs are positive. Business confidence is high; appetite for financial risk is increasing and stocks are starting to outperform safe assets such as cash and gold. But with political uncertainty still looming and still an amazing lack of clarity with regard plans to 'bail out' UK plc', there is a great risk that this confidence will ebb away.  
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UK Government still AAA
 
15 March 2010
You might be forgiven for thinking that the credit rating for business 'UK Economy' would be carefully scrutinised especially given the scale of its debt when compared to income. However, Moody's says that a AAA is still justified.  
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It's all in the numbers
 
20 January 2010
latest figures show UK Inflation at 2.9% for the Year to December 2009 (up from the annual figure of 1.9% for November). Does this mean we are an economy spending our way out of recession? Not when you take time to look behind the figures.  
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Are we leaving recession territory?
 
22 May 2009
If we can forecast what type of recession we are in for, we can start to work out what will happen to equities, commodities & currencies –and ultimately when to jump into the market. Here we look at the facts.  
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G20 has a lot to answer
 
03 April 2009
The famous $1trillion barrier was reached by the G20 and the markets all rose on the ebullient nature of the meeting, but is it real.  
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Fresh Hope for BE
 
19 May 2008
British Energy has received “a range of proposals from several parties wishing to make a full offer” for the firm it said in a statement released on Friday.  
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Are they Getting in Quick?
 
30 April 2008
Bristish Energy announced that its Directors have made an additional purchase of shares totaling more than 1% suggesting they think its worth buying!  
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Ofgem liaise with Darling
 
07 January 2008
Darling thinks that Ofgem may hold the answers but Ofgem rightly do not interfere with markets something which Darling should be aware of.  
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Oil options day
 
13 November 2007
Oil turns into a bit of a damp squib as players do not exercise their $100 options.  
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Emissions sell off
 
19 June 2007
Emissions still a key focus on the UK market and the small sell off in UK power is almost all led by the emissions sell off.  
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Shares and commodities
 
09 May 2007
Rarely to the worlds of commodities and equities cross in terms of trading but those traders with a wider scope will look at this information in more detail.  
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E On the predator
 
10 April 2007
Do not be surprised if whilst prices are low some of the smaller independents get snappedup by the larger german players.  
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"Correlation not Contagion" FT
 
09 March 2007
Commodity markets must be aware that the hedge funds are now looking at assets in risk classes and so if risk reduction must take place this can just as easily occur in commodities as equities.  
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Stock and commodities are they connected
 
28 February 2007
The market is definitely in a state of flux with some players suggesting that a bull run is imminent but others hint that this is a flash in the pan. Everyone agrees that it is volatility which is returning.  
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British Energy plays Monopoly.
 
14 February 2007
British Energy have the property they just can't seem to get past GO. This is not helped by the other players who avoid jail and income tax and seem to be getting some large throws on the electricity company, producing some large rents.  
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Could this be the bottom?
 
06 February 2007
The market is poised for a cold Wednesday and few generators starting to buy, will this entice someof the shorts to the market.  
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The market quiet
 
02 February 2007
The market is now stating that it is close to the bottom, this generally means that there is further to go.  
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Fundamentals (Part 2)
 
23 January 2007
The long run marginal cost is only useful for existing plant, but players must understand that new build and new technology has to be planned for. In the old days under nationalised industries this was a rolling plan. Now markets have to provide this level of help. Therefore cycles of rises and falls are inevitable.  
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New Year points to falling market
 
02 January 2007
The market conitnues to fall with new lows being set on the last trading day of the year but the future suggests that the bears wll be looking at the fundamental lows when they will start to metamorphise into bulls.  
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Its all a collusion
 
08 December 2006
BNFL sells its trading business to British Energy a convenient fit some may think but in reality with the businesses being located next to each other in Gloucester it is no great surprise.  
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Banks burst
 
06 December 2006
Banks are looking to expand and grow in the commodities markets.  
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Scottish Power and the spaniards
 
29 November 2006
Scottish Powers shareholders will be happy with the size of the bid and the fact that it is going through but it is not a good long term investment as debt levels will be high.  
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Amaranth-short living herb
 
28 September 2006
Amaranth the hedge fund has set out how it intends to wind up its positions after the single largest bad trade in history. Brian Hunter the trader has been summarily dismissed but perhaps more importantly where are the risk managers monitoring his position. Losing $6bn is a staggering amount of money. It would take 5hours to count $5 bills before you hit $1m, it would take you 2.5 months to count $1bn.  
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Hedge Funds dominate the market
 
22 September 2006
The market has seen the effects of hedge funds, big players who can move markets when reversing positions, they can also push them too far and the skill in any trader is moving the market but not doing it so unsubtley that the market front runs you. Hedge funds struggle with this due to the volume of trades required to reverse the position.  
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Polish Emissions
 
13 September 2006
Given the EUA length of the Poles, it is now obvious that the Poles hoodwinked the EU into thinking that they would require a significant proportion of the EU EUA allowance. But can anyone now bring this length back to the market?  
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Can Winter 07 break £50
 
30 August 2006
Watch the spreads this is where the money is being made and with volatility reducing it is no surprise that players are beginning to look at the margins and pricing these more accurately. Competition is back and beginning to bite.  
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British Energy gives UK taxpayer a good deal
 
04 August 2006
British Energy is one of the few government bail outs will end up being a good deal for the taxpayer. There is no doubt that it is luck because the government probably under-estimated the risks they were taking.  
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The Rising Costs of Energy
 
14 June 2006
Higher energy prices have helped push up inflation which in turn is likely to push up interest rates. Those exposed to rising fuel costs are now likely to start feeling an indirect impact on their borrowing costs.  
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Power Trade Forum talks the talk
 
07 April 2006
Power trade forum definitely is heading in the right direction but perhaps some of the large customers are not truly reflecting the will of the players in the whole market. Time will tell.  
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Hedge your bets
 
29 March 2006
The UK Phase II nap is under consulatation and the energy sector is going to have to cut emissions further, a switch to gas will help, but don't expect a fall in emissions prices and for this to be passed on to the consumer.  
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Is volatility a useful measurement?
 
21 March 2006
Volatility is a great measure for risk models, and all traders will be aware of it even though some do not model or trade it. But sometimes even volatility has to be handled carefully.  
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The cyclical process of business strategy
 
16 March 2006
Asset switching takes time, and quite often the early mover, benefits most. This process is cyclical and many are questioning the appointment of a new chief exec at Centrica to assess whether this is to try and speed up the asset switching cycle.  
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The Windy Dichotomy
 
02 March 2006
Wind farms have always struggled with planning permissions. As another potential site gets rejected by the government, the question has to be asked is the UK's green generation policy just lip service to appease the green lobby.  
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LCH Clearnet set up clearing for OTC.
 
31 January 2006
An interesting move for LCH to get more of the emissions market but could the exchanges struggle, it is a truly competitive move. Good for traders not so good for brokers.  
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Big is not always beautiful.
 
27 January 2006
More and more investigations are being seen against the big boys, the problem is if you are that big and you make that much money, eventually the build up of noise, is going to bring attention from the countries regulators.  
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Enron case highlights the need for assets
 
19 January 2006
Enron are back in the news, and their story is an interesting one. The market has survived without them but in truth is, it is a very different place that probably mourns their departure more than most would admit.  
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Will coal really close by 2015.
 
09 January 2006
Coal and emissions still cheaper than gas, and so energy reviews and white papers cannot take away the economic facts that the dash for gas was right for the 1990's, and less apt for now.  
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Power and Gas pause for thought
 
25 November 2005
As the markets start to wind down for Christmas the price stays relatively high. Met forecasts of the coldest winter ever do not help the price fall lower.  
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Q1'06 bashed
 
01 November 2005
Q1'06 wakes up to fundamental falls in emissions and gas. The product has had some sense knocked into it, but it is still highly volatile.  
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RWE nPower cries for clarification
 
17 October 2005
The key to long term investment lies in a stable a market with few regulatory influences. The current UK market is the antithesis of this and so long term investment is being put on hold.  
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