By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- U.K. stocks seesawed Friday, with
utility shares losing ground on the FTSE 100 as the benchmark moves
toward a weekly loss.
The FTSE 100 darted between gains and losses, and recently shed
2 points at 6,758.56. It's on track for a weekly loss of 2.2%,
which would be its biggest weekly decline since December.
Shares of energy provider SSE PLC fell 1.3% as did British Gas'
parent company Centrica PLC as Labour Party leader Ed Miliband is
expected to say that if his party wins the May 7 election that
he'll push for legislation allowing the energy regulator to force
companies to cut prices by up to 10% if it's determined they are
too high.
Miliband is slated to outline the plan at a Labour Party event
on Saturday in Birmingham, according to reports.
Also moving lower were shares Diageo PLC , losing 1.6% after the
spirits maker was downgraded to underperform from neutral at Credit
Suisse.
But advancers were led by a 2% rise in Whitbread PLC , after a
ratings upgrade at Deutsche Bank to buy from hold for the company
behind Costa Coffee and the Premier Inn hotel chain.
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