Yu Group Plc enters into a new trading arrangement

  • Dec 16, 2019 GMT
  • Team Kalkine

Yu Group Plc has entered into a structured trading agreement with Smartest Energy Limited

  • It had hitherto relied on a number of arrangements to gain access to wholesale gas and electricity markets
  • The group forward purchases energy commodity volume in order to hedge its position
  • The hedging facility will provide a variable credit facility of up to £13 million
  • On 16th December 2019, the stock of YU. was trading at GBX 112.50 at GMT 08:05 AM, up 31.50 points or 38.89% from its previous close.

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