The arrival of cold winter weather has sent wholesale gas prices sharply higher as Brits reach for the thermostat into some of the longest nights of the year.
One industry measure has trebled in a month, while prices traded on London’s Intercontinental Exchange are up by almost a fifth since the start of November.
Meanwhile, Frasers Group today said it had “strategic and trading momentum” after revealing a 53% rise in half-year profits to £284.6 million.
The FTSE 100-listed company, whose brands include Sports Direct, Jack Wills, Game and Evans Cycles, stuck by its full-year guidance despite challenging conditions.
