UPDATE: SeaEnergy Seeks Buyer For Wind Farm Unit
18th Jun 2010 11:04
(Adds executive and analyst comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Renewable energy firm SeaEnergy PLC (SEA.LN) Friday said it is seeking a buyer for its wind farm development unit and will focus instead on servicing offshore turbines, after investors balke
Read moreEDF Delays Sale Of UK Distribution Assets To July - Source
14th Jun 2010 16:24
By Geraldine Amiel Of DOW JONES NEWSWIRES PARIS (Dow Jones)--French state-controlled power behemoth Electricite de France SA (EDF.FR) has delayed the sale of its U.K.-based distribution network to July from an initial deadline of June 21 as the group is finalizing negotiations with its unit
Read moreElectricite de France Delays Plan To Sell UK Grids - Source
14th Jun 2010 10:32
HONG KONG (Dow Jones)--French utility company Electricite de France SA (EDF.FR) has further delayed a plan to sell its U.K. power grids, just a week before it was due to receive a second round of bids for the assets, a person familiar with the situation said Monday. Europe's biggest power genera
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
8th Jun 2010 08:58
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0758 GMT [Dow Jones] BofA-Merrill Lynch downgrades Scottish & Southern Energy (SSE.LN) to neutral from buy and target to
Read moreMARKET TALK: BofA-Merrill Lynch Cuts Scottish & Southern
8th Jun 2010 08:58
0758 GMT [Dow Jones] BofA-Merrill Lynch downgrades Scottish & Southern Energy (SSE.LN) to neutral from buy and target to 1175p from 1350p. The company confirmed it will no longer have a material stake in the vehicle bidding in the auction for Electricite de France's (EDF.FR) UK electricity network
Read moreSSE sells Ardrossan wind farm
21st May 2010 13:36
Scottish and Southern Energy has sold its 100% interest in Ardrossan Windfarm, which owns and operates a 30MW (megawatt) wind farm in Ayrshire, to Infinis, a Terra Firma company. The deal comprises a cash consideration of £28.1m paid to SSE and outstanding project debt of £25.7m, transferred to Inf
Read moreLondon close: Footsie slides again on euro woes
20th May 2010 16:34
London took its place in line on another miserable day for European stock markets as concern about the health of Europe sparked a switch into bonds. US shares also slumped as German chancellor Angela Merkel issued more controversial comments, including advocating a hands-on global response to marke
Read moreLondon afternoon: Footsie lower on weak US
20th May 2010 14:24
Futures pointing to a sharp dip in US markets early on knocked blue chips in London as the afternoon session got underway. Rio Tinto leads the miners lower after Bank of America Merrill Lynch removed the stock from its "Europe 1" list and downgraded the stock to "neutral" from "buy". The broker sa
Read moreLondon midday: Footsie drifts into the red
20th May 2010 12:07
Footsie dipped into negative territory shortly before the lunch time session commenced, with miners largely responsible for the downturn. Rio Tinto leads the miners lower after Bank of America Merrill Lynch removed the stock from its "Europe 1" list and downgraded the stock to "neutral" from "buy".
Read moreThursday's tips round-up: Caledonia, Spectris, AngloPac
20th May 2010 06:45
The slow but steady nature of Caledonia's returns will appeal to the very long-term investor, as will its record on dividends ? that payout was raised yesterday, by 4.4 per cent, the 43rd year of successive advance. However, given the stock market's recent slide, there are better bargains available
Read moreThursday's newspaper round-up: Government, BP, Lloyds
20th May 2010 06:10
Final coalition agreement may include phasing a cut in the headline rate and alternatives to a sharp cut in the rate of capital allowances originally proposed by the Tories, reports the FT. Chancellor wants most competitive corporate tax regime in G20 by cutting rates and reforming rules driving fi
Read moreLondon close: Eurozone worries batter Footsie
19th May 2010 16:36
European concerns were behind sharp falls in shares today as plans by Germany to slap a ban on short-selling of European bonds, credit default swaps and ten of Germany's biggest financial groups spooked investors. German chancellor Angela Merkel's warning that Europe is facing its greatest crisis i
Read moreLondon afternoon: Experian provides isolated cheer
19th May 2010 14:13
Leading shares trimmed their losses over the lunchtime session but the predominant colour on the Footsie leaderboard remains red. Mining companies lead the retreat on fears that Germany's decision to impose an immediate ban on "naked short selling" of euro-denominated government bonds and also cred
Read moreLondon midday: Markets on short fuse
19th May 2010 12:20
Water utility company Severn Trent was the only FTSE 100 constituent to advance during the morning session, as all of the others ended the morning underwater. If the move by Germany's financial regulator to impose an immediate ban on "naked short selling" of corporate debt last night was intended t
Read moreLondon open: Footsie lower on German moves
19th May 2010 08:56
Footsie is lower, but predictions of a bloodbath as investors react to last night's decision by German authorities to act against short-sellers have proved too dramatic. US markets fell heavily on the news, but the reaction from traders last night was more of bewilderment at how German authorities
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