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Wine bar hedges weather

UK-based Corney and Barrow Wine Bars has entered into a group wide weather derivative hedge with XL Trading Partners, the Connecticut-based weather risk management company.

Ofgem finds no evidence of market abuse

Britain’s Office of Gas and Electricity Markets (Ofgem) says it has found no evidence of market abuse following its probe into the high gas prices between September 2003 and October 2003, when wholesale spot prices rose by 80%.

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