- Embattled power retailer Yu Group said it was being investigated by the UK's Financial Conduct Authority over the accuracy of its marketing filings.

'The group plans to work collaboratively with and cooperate fully with the FCA in its enquiries,' the company said.

The FCA was probing announcements made by the company between 6 March and 24 October.

Yu Group shares tumbled in October when the company warned it would post a loss, partly because it had miscalculated its revenue intake.

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