UK Utilities Plunge on May 15 as Gilt Yields Spike and Public-Ownership Fears Resurface
UK-listed utility stocks slumped 7.5% on May 15 - their fourth-largest one-day fall since privatisation - while continental European peers dropped 2.8%. Analysts at UBS point to a rapid rise in gilt yields and renewed speculation about potential government intervention as the main drivers. The move hit regulated-asset-base (RAB) premia across netwo…