UK PLC's £3bn energy overspend

British businesses have failed to adapt their energy buying processes to increasingly volatile oil, gas and power markets, and as a result overspent on energy by more than £3 billion last year, according to a survey. The poll of FTSE top 250 companies was conducted by Utilyx, a provider of energy price risk and consumption risk services, and Barclays Capital. The £3 billion figure is up from £1 billion in 2004.

The survey shows that 87% of industrial and commercial users secured their gas and

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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