London stocks rose in early trade on Friday following a positive session on Wall Street, as investors eyed a speech by US Federal Reserve chair Jerome Powell at the Jackson Hole symposium.
At 0820 BST, the FTSE 100 was up 0.5% at 7,520.48,
On home shores, Ofgem struck fear into the hearts of Britons again after it raised the maximum that suppliers can charge to £3,549 a year. The regulator announced an 80% increase on the current price cap of £1,971 for the average dual-fuel tariff.
The new cap will affect 24 million households – about 85% of the population. Ofgem chief executive Jonathan Brearley cited Russia’s invasion of Ukraine and cuts in supplies to Europe had for higher wholesale gas prices.
Jarvis Investment Management Ltd offers a wide range of stockbroking and administration services and solutions. Their parent company, Jarvis Securities plc (LON:JIM) is listed on AIM.