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Investors Shun UK Energy Market

Andrew Montford, Bishop Hill

Peter Atherton of Liberum Capital has been liveblogging Centrica’s briefing for analysts this morning, and it is clear that all is not well in the UK energy sector (as if we needed reminding):

Centrica expects to continue to shift capital from UK to north America. Lower political risk cited as one of the reasons.

And a few days ago he was telling us about US investors’ views on the UK market:

I asked NY investors to rank UK utility sector 1 to 10 for attractiveness. 1 being no way and 10 being unmissable. Average score today was 4.

In Boston, the average was 3.

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