First Utility Eyes Share Sale As IPO Spark Fades

The biggest challenger to Britain's big six energy suppliers is preparing for an ownership shake-up as the prospect of a stock market listing recedes amid continued uncertainty about the industry's regulation. Sky News has learnt that investors in Impello, the parent company of First Utility, approved at its annual meeting this month a resolution to conduct a secondary share sale in the coming months. Financial advisers will be appointed to work with a steering committee formed of First Utility