Yu shares fall on news of FCA probe

Yorkshire Post - Business - - FRONT PAGE -

In­ves­ti­ga­tion: Shares in Yu Group tum­bled after the gas and elec­tric­ity sup­plier said the UK Fi­nan­cial Con­duct Au­thor­ity will in­ves­ti­gate the ac­cu­racy of its an­nounce­ments.

The probe re­lates to an­nounce­ments be­tween March 6 and Oc­to­ber 24, which in­clude Yu’s full and half-year re­sults. Yu has iden­ti­fied sev­eral ar­eas of “sig­nif­i­cant con­cern” re­lat­ing to its recog­ni­tion of his­toric in­come.

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