2nd UPDATE: CKI Consortium In Exclusive Talks To Buy EDF's UK Electricity Unit
30th Jul 2010 08:00
(Adds statement from CKI, Hongkong Electric; EDF confirming it received offer; share prices.) By Aries Poon and Yvonne Lee Of DOW JONES NEWSWIRES HONG KONG (Dow Jones)--A consortium of companies controlled by Hong Kong tycoon Li Ka-shing plans to buy Electricite de France SA's (EDF.FR)
Read moreUPDATE: Li Ka-Shing Firms To Buy EDF's UK Power Unit For GBP5.8 Bln
30th Jul 2010 04:18
(Adds background on size of CKI deal, CKI's possible need for funds, Li Ka-shing's investments in U.K.) By Aries Poon and Yvonne Lee Of DOW JONES NEWSWIRES HONG KONG (Dow Jones)--A consortium of companies controlled by Hong Kong tycoon Li Ka-shing agreed to pay GBP5.8 billion ($9.05 bi
Read moreCheung Kong Infrastructure Buys EDF's UK Electricity Unit For GBP5.8 Bln - Source
30th Jul 2010 01:47
HONG KONG (Dow Jones)--A consortium led by Cheung Kong Infrastructure Holdings Ltd. (1038.HK) agreed to pay GBP5.8 billion ($9.05 billion) for Electricite de France SA's (EDF.FR) U.K. electricity distribution networks, a person familiar with the situation said Friday. The CKI consortium, which i
Read moreFTSE 100 movers: Miners can't prevent fall
28th Jul 2010 14:49
Higher metals prices are pushing miners higher but the Footsie is dominated by fallers. Xstrata and BHP Billiton are both higher. Xstrata reports figures next week. Rexam restored its interim dividend but this was not enough to prevent a fall in the share price. The consumer packaging supplier r
Read moreLondon close: Footsie back above 5,300
22nd Jul 2010 16:39
London rose again to climb above 5,300 and close at its highest for over two months. A strong start on Wall Street got the afternoon session off to a good start, with buyers staying interested right to the end of the trading day. Rolls-Royce was best performer, on the back of the orders placed at t
Read moreUPDATE:Scottish&Southern: On Track For 2010/11 Dividend Target
22nd Jul 2010 08:42
(Adds analyst comment, detail.) By Selina Williams Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. power utility Scottish and Southern Energy PLC (SSE.LN) said Thursday it was on track to deliver its dividend target in the 2010/2011 financial year, despite a drop in renewable energy outp
Read moreCORRECT: Scottish&Southern: On Track To Deliver Dividend Growth 2010/11
22nd Jul 2010 08:06
("=Scottish&Southern: On Track To Deliver Dividend Growth 2010/11," at 0642 GMT, misstated the performance of the shares in the last paragraph. The correct version follows:) By Selina Williams Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. power utility Scottish and Southern Energy PLC
Read moreSSE offers comforting words on divi
22nd Jul 2010 07:36
Energy provider Scottish and Southern Energy (SSE) is on course to deliver expected dividend growth, despite operating in a challenging environment. "The last few months have been marked by unusually low output of renewable energy and increases in wholesale gas prices. In this challenging environm
Read moreCORRECT:EDF Hasn't Received Formal,Financed Bids For UK Grids-Source
19th Jul 2010 17:57
("=EDF Hasn't Received Formal, Financed Bids For UK Grids-Source," at 1644 GMT, misstated the deadline date in the first paragraph. The correct version follows:) By Geraldine Amiel Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Electricite de France SA (EDF.FR) still hasn't received formal,
Read moreMitsubishi, SSE To Cooperate On Low-Carbon Energy Developments
16th Jul 2010 11:21
LONDON (Dow Jones)--Japan's Mitsubishi Heavy Industries Ltd. (7011.TO) and U.K. utility Scottish and Southern Energy PLC (SSE.LN) have agreed to work together on low-carbon energy developments that could lead to joint projects, investments and supply arrangements on technologies such as offshore win
Read moreScottish & Southern Energy: Low Carbon Energy Deal With Mitsubishi
16th Jul 2010 10:38
LONDON (Dow Jones)--Scottish & Southern Energy PLC (SSE.LN), a U.K. energy company, said Friday it has entered into a strategic agreement with Mitsubishi Heavy Industries Ltd. (7011.TO) and Mitsubishi Power Systems Europe Ltd. to co-operate on low carbon energy developments. MAIN FACTS: -The
Read moreScottish & Southern: "No Change" On EDF UK Power Grids Sale
13th Jul 2010 16:04
LONDON (Dow Jones)--U.K. utility Scottish and Southern Energy PLC (SSE.LN) said Tuesday there was "no change" to its previous statement regarding Electricite de France SA's (EDF.FR) sale of its U.K. electricity distribution networks. On June 1, SSE said it had decided not to seek to acquire an o
Read moreUPDATE:GE Hitachi:To Resubmit Reactor Design To UK By June 2011
29th Jun 2010 17:45
(Adds quotes and details.) By Selina Williams Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.S.-Japanese joint venture GE Hitachi Nuclear Energy expects to resubmit its nuclear-reactor design into the U.K. regulatory process by June 2011, after it completes the process in the U.S., the com
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jun 2010 07:19
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0619 GMT [Dow Jones] The VAT increase announced by the UK Chancellor will benefit UK water and energy networks, says Deutsche
Read moreMARKET TALK: VAT Hike Good For UK Water, Energy - Deutsche
23rd Jun 2010 07:19
0619 GMT [Dow Jones] The VAT increase announced by the UK Chancellor will benefit UK water and energy networks, says Deutsche Bank. Says the increase will be a benefit for the regulated networks since it will feed through to inflation via the retail price index. Says the government's revised RPI for
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