Utilities Up on Defensive Demand -- Utilities Roundup

05/20/2022 | 05:19pm

Shares of power producers rose, as traders continued to snap up shares in the defensive sector, in light of volatility elsewhere in global markets.

Billionaire climate-change conscious investor Mike Cannon-Brookes would likely walk away from a major investment in Australian utility AGL Energy if he is unsuccessful in corralling a shareholder vote against a demerger of coal plants from its retail operations.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

05-20-22 1718ET

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