News Headline Summary

Guardian writes "FSA examines whistleblower's claims of 'Libor-like' manipulation in gas prices"

- Whistleblower claims £300bn wholesale gas market has been manipulated by big power companies.
- Separately, the energy regulator Ofgem has been warned by a company responsible for setting so-called benchmark prices, ICIS Heren, that it had seen evidence of suspect trading on 28 September, a key date as it marks the end of the gas financial year and can have an important influence on future price.

Full article: http://www.guardian.co.uk/business/2012/nov/12/libor-like-manipulation-gas-markets

Print 19:31, 12 Nov 2012 - Commodities - Source: Guardian