BIG NEWS
6 | SHARES | 23 May 2019
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tĞƌůŝŶŐĐŽŶƟŶƵĞƐƚŽƐůŝĚĞĂŵŝĚŽŶŐŽŝŶŐ
ƵŶĐĞƌƚĂŝŶƚLJŽǀĞƌƌĞdžŝƚ͘/ƚŶŽǁůŽŽŬƐůŝŬĞ
dŚĞƌĞƐĂDĂLJǁŝůůŚĂǀĞŽŶĞůĂƐƚƐŚŽƚĂƚŐĞƫŶŐ
ŚĞƌƌĞdžŝƚĚĞĂůĂĐƌŽƐƐƚŚĞůŝŶĞŝŶĞĂƌůLJ:ƵŶĞďĞĨŽƌĞ
ĞdžŝƟŶŐƐƚĂŐĞůĞŌ͘
/ŶƚŚĞďĂĐŬŐƌŽƵŶĚƚŚĞƌĞdžŝƚWĂƌƚLJŝƐůĞĂĚŝŶŐ
ŝŶƚŚĞƉŽůůƐĨŽƌƚŚĞůŽŽŵŝŶŐ ƵƌŽƉĞĂŶĞůĞĐƟŽŶƐ
ǁŝƚŚƌĞƐƵůƚƐĐŽŵŝŶŐƚŚƌŽƵŐŚŝŶƚŚĞĞĂƌůLJŚŽƵƌƐŽĨ
ϮκDĂLJ͘
DŽƐƚŽďƐĞƌǀĞƌƐƚŚŝŶŬĂŶLJŚŽƉĞƐŽĨDĂLJŐĞƫŶŐ
DWƐŽŶƐŝĚĞĂƌĞĨŽƌůŽƌŶĂŶĚǁŝƚŚĂŐĞŶĞƌĂůĞůĞĐƟŽŶ
ŽŶĞŽĨƚŚĞƉŽƐƐŝďůĞǁĂLJƐŽĨďƌĞĂŬŝŶŐƚŚĞĚĞĂĚůŽĐŬŝŶ
tĞƐƚŵŝŶƐƚĞƌ͕ŵĂƌŬĞƚƐŚĂǀĞďĞĞŶƌĞĂĐƟŶŐƚŽƐŽŵĞ
ŽĨƚŚĞƉŽůŝĐŝĞƐŽƵƚůŝŶĞĚďLJƚŚĞ>ĂďŽƵƌƉĂƌƚLJƐŚŽƵůĚ
:ĞƌĞŵLJŽƌďLJŶĞŶĚƵƉǁŝƚŚƚŚĞŬĞLJƐƚŽEƵŵďĞƌϭϬ͘
ŵŽŶŐƚŚĞůĞĂƐƚŵĂƌŬĞƚͲĨƌŝĞŶĚůLJŝƐƚŚĞ͚ƌŝŶŐŝŶŐ
ŶĞƌŐLJ,ŽŵĞ͛ƉůĂŶǁŚŝĐŚǁŽƵůĚƐĞĞƵƟůŝƟĞƐ
ŝŶĨƌĂƐƚƌƵĐƚƵƌĞƚĂŬĞŶŝŶƚŽƉƵďůŝĐŽǁŶĞƌƐŚŝƉĂƚďĞůŽǁ
ŵĂƌŬĞƚǀĂůƵĞ͘^ŚĂƌĞƐŝŶEĂƟŽŶĂů'ƌŝĚ;E'͘ͿĂƌĞ
ĚŽǁŶĂƌŽƵŶĚκйƐŝŶĐĞĚĞƚĂŝůƐŽĨƚŚĞƉƌŽƉŽƐĂůƐ
ĮƌƐƚĞŵĞƌŐĞĚ͘
ŶĂůLJƐƚƐĂƚƐƚŽĐŬďƌŽŬĞƌ^ƟĨĞůŚĂǀĞĚŽŶĞƐŽŵĞ
ŶƵŵďĞƌͲĐƌƵŶĐŚŝŶŐƚŽůŽŽŬĂƚŚŽǁh<ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ
ĨƵŶĚƐŵŝŐŚƚďĞŝŵƉĂĐƚĞĚ͘What would Labour’s plan
mean for utility funds?
dŚĞƐĞĨƵŶĚƐĂƌĞĞdžƉŽƐĞĚŝŶƚǁŽǁĂLJƐ͕ďŽƚŚ
ƚŚƌŽƵŐŚƉƌŝǀĂƚĞĮŶĂŶĐĞŝŶŝƟĂƟǀĞƐ;W&/ƐͿʹǁŚĞƌĞ
ƉƵďůŝĐƐĞĐƚŽƌƉƌŽũĞĐƚƐĂƌĞĚĞůŝǀĞƌĞĚďLJƚŚĞƉƌŝǀĂƚĞ
ƐĞĐƚŽƌʹĂŶĚƚŚƌŽƵŐŚĚŝƌĞĐƚĞdžƉŽƐƵƌĞƚŽƚŚĞ
ŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽƌƵƟůŝƟĞƐƚŚĞŵƐĞůǀĞƐ͘
^ƟĨĞůƐĂLJƐ͚͗dŚĞƚŚƌĞĂƚŽĨh<W&/ŶĂƟŽŶĂůŝƐĂƟŽŶ
ŚĂƐďĞĞŶĂŶŝƐƐƵĞĨŽƌƚŚĞƐĞĐƚŽƌĨŽƌƚŚĞƉĂƐƚϭΘ
ŵŽŶƚŚƐ͘tĞƚŚŝŶŬƚŚĂƚĂƐƐƵŵŝŶŐƚŚĞĐŽŶƚƌĂĐƚƵĂů
ŽďůŝŐĂƟŽŶƐĂŶĚƉĂLJŵĞŶƚƐĚƵĞƚŽW&/ŝŶǀĞƐƚŽƌƐĂƌĞ
ŵĞƚ;ƉŽƚĞŶƟĂůůLJĂďŝŐĂƐƐƵŵƉƟŽŶͿ͕ƚŚĞŝŵƉĂĐƚŽĨ
W&/ŶĂƟŽŶĂůŝƐĂƟŽŶŵĂLJďĞĞĂƐŝĞƌƚŽƋƵĂŶƟĨLJƚŚĂŶ
ƵƟůŝƚLJŶĂƟŽŶĂůŝƐĂƟŽŶ͘
͚dŚĞW&/ƉƌŽũĞĐƚƐĂƌĞƐƵďũĞĐƚƚŽƐŝŐŶŝĮĐĂŶƚůĞŐĂů
ĚŽĐƵŵĞŶƚĂƟŽŶĂƌŽƵŶĚĐŽŶƚƌĂĐƚƚĞƌŵŝŶĂƟŽŶ
ĐŽŵƉĞŶƐĂƟŽŶĂŶĚƚŚĞůŝƐƚĞĚĨƵŶĚƐŚĂǀĞĂůƌĞĂĚLJ
ŝŶĚŝĐĂƚĞĚǁŚĂƚƚŚĞLJŵĂLJĞdžƉĞĐƚƚŽƌĞĐĞŝǀĞŝŶƐƵĐŚ
ĂƐĐĞŶĂƌŝŽ͘/ŶƚŚĞĐĂƐĞŽĨƵƟůŝƟĞƐ͕ƚŚĞǀĂůƵĂƟŽŶƚŽ
ďĞƉĂŝĚĂƉƉĞĂƌƐŵŽƌĞƐƵďũĞĐƟǀĞƚŽƚŚĞŽƉŝŶŝŽŶƐ
ŽĨĂŐŽǀĞƌŶŵĞŶƚĂŶĚƉĂƌůŝĂŵĞŶƚ͕ǁŚŝĐŚŝƐĂĐĂƵƐĞ
ĨŽƌĐŽŶĐĞƌŶ͛͘
dŚĞƚĂďůĞƐŚŽǁƐƚŚĞƵƟůŝƟĞƐĞdžƉŽƐƵƌĞŽĨĂ
ƐĞůĞĐƟŽŶŽĨŝŶĨƌĂƐƚƌƵĐƚƵƌĞĨƵŶĚƐǁŝƚŚ/ŶƚĞƌŶĂƟŽŶĂů
WƵďůŝĐWĂƌƚŶĞƌƐŚŝƉƐ;/EWWͿƐĞĞŵŝŶŐůLJƚŚĞ
ŵŽƐƚĞdžƉŽƐĞĚ͘Amid ongoing political turmoil investors are turning their attention to the risks
posed by a general election^ŽƵƌĐĞ͗^ƟĨĞůEŽƚĞ͗K&dKсŽīƐŚŽƌĞƚƌĂŶƐŵŝƐƐŝŽŶŽǁŶĞƌΎEĂƟŽŶĂů'ƌŝĚďŽŶĚ