Utilities Sector News

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  • EDF board member says resigning over UK nuclear project

    EDF's directors are deeply divided over the planned construction of two nuclear reactors at Hinkley Point in Britain

  • How much should you pay for Centrica plc (LON:CNA), Just Eat plc (LON:JE) and Sirius Minerals plc (LON:SXX)?

  • EDF board member resigns ahead of Hinkley Point vote Reuters - UK Focus - 1 hour 47 minutes ago

    An EDF board member has quit ahead of a vote expected to give the French utility the go-ahead to build the Hinkley Point nuclear plant in Britain, saying the project is financially risky and will lead France further away from renewable energy. One of 18 board members, Gerard Magnin was the only one with a background in …

  • Brexit shockwaves hit British jobs, consumer confidence Reuters - UK Focus - 2 hours 30 minutes ago

    Shockwaves from Britain's vote to leave the European Union rocked the economy on Thursday, with thousands of jobs lost at one of the country's biggest banks, consumer confidence plunging, and construction and car sales slowing. Preparing for a Brexit-related slowdown, Lloyds Banking (Xetra: 871784 - news) Group said …

  • French state-controlled utility EDF has agreed to sell a 49 percent stake in its high-voltage power grid unit RTE to state-owned bank Caisse des Depots, French daily Le Monde wrote on its website. It said ...

  • EDF board member says resigning over UK nuclear project

    EDF's directors are deeply divided over the planned construction of two nuclear reactors at Hinkley Point in Britain

  • British near-term gas prices inched higher on Thursday morning on slightly lower flows from Norway and increased demand, but prices further along the curve were mostly lower. Gas for day-ahead delivery ...

  • Centrica, Britain's largest energy supplier, said it had lost 399,000 customers in the first half of the year, contributing to falls in revenue and profit. Centrica's results come a week after Britain's second-biggest energy supplier SSE (LSE: SSE.L - news) said it had lost 50,000 power and gas customers in the three …

  • British Gas Loses 400,000 Customers In Six Months

    Profits have fallen at Centrica (LSE: CNA.L - news) , which owns British Gas, after almost 400,000 customers switched energy suppliers over the past six months. Operating profit at Centrica's UK Home arm dropped by 7% whilst the company's totally revenue fell by 13% to £13.3bn. "The first half of the year has been demanding …

  • Go-Ahead Expected For Hinkley Point Nuclear Plant

    Britain's first new nuclear power station for a generation could be given the final go-ahead today. The board of French energy firm EDF (Paris: FR0010242511 - news) is meeting later and is expected to give investment approval for the completion of a new plant at Hinkley Point in Somerset. Hinkley Point C will power 5.8 …

  • Directorate change Business Wire - 6 hours ago

    LONDON--(BUSINESSWIRE)-- Centrica plc (‘the Company’) Appointment of Senior Independent Director Centrica plc is pleased to announce the appointment of Stephen Hester as Senior Independent Director with ...

  • Centrica, Britain's largest energy supplier, lost 399,000 customers in the first half of the year, contributing to a 13 percent dip in revenues, the company said on Thursday. Britons have grown increasingly ...

  • Half-year Report Business Wire - 8 hours ago

    LONDON--(BUSINESSWIRE)-- Centrica plc INTERIM RESULTS FOR THE PERIOD ENDED 30 JUNE 2016 IAIN CONN, GROUP CHIEF EXECUTIVE “The first half of the year has been demanding for Centrica, but the response has ...

  • GlaxoSmithKline invests $360 mln in UK despite Brexit Reuters - UK Focus - Wed, Jul 27, 2016 14:19 BST

    GlaxoSmithKline (Other OTC: GLAXF - news) plans 275 million pounds ($361 million) of new investments at three drug manufacturing sites in Britain, signalling its confidence in the country despite last month's vote to leave the European Union. The decision came as Britain's biggest drugmaker reported better-than-expected …

  • UK GAS-Prices Weaken On Oversupply Reuters - UK Focus - Wed, Jul 27, 2016 09:13 BST
    Energy Bills: UK Gas Prices Hit Record Low

    British wholesale gas prices fell on Wednesday morning as higher supply nominations from Norway created oversupply.

  • French state to pump 3 bn euros into EDF AFP - Tue, Jul 26, 2016 14:36 BST
    EDF board member says resigning over UK nuclear project

    Renovations to extend the life of EDF's 58 nuclear reactors in France are expected cost around 51 billion euros

  • EU mergers and takeovers (July 26) Reuters - UK Focus - Tue, Jul 26, 2016 13:10 BST

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Czech energy group Energeticky a prumyslovy holding, a.s to acquire ...

  • EDF shareholders approve 4 bln euro capital increase Reuters - UK Focus - Tue, Jul 26, 2016 12:17 BST

    Shareholders of France's EDF (Hanover: E2F.HA - news) approved on Tuesday a planned 4 billion euro ($4.4 billion) capital increase ahead of the state-controlled utility's decision on whether to proceed with its Hinkley Point UK nuclear project on Thursday. EDF (Paris: FR0010242511 - news) announced the capital increase …

  • A mixed bag of results from Drax Group plc (LON: DRX), Croda International plc (LON: CRDA), SEGRO plc (LON: SGRO) and Man Group plc (LON:EMG).

  • UK GAS-Prompt prices edge lower as exports dip Reuters - UK Focus - Tue, Jul 26, 2016 10:15 BST

    Prompt British gas prices edged lower on Tuesday as exports dipped leading to a slightly oversupplied domestic market. Gas for day-ahead delivery was at 36.55 pence per therm at 0850 GMT, down 0.35 p/therm ...

  • Director/PDMR Shareholding Business Wire - Tue, Jul 26, 2016 10:00 BST

    LONDON--(BUSINESSWIRE)-- Centrica plc (the ‘Company’) Transaction notification 1   Details of the person discharging managerial responsibilities/person closely associated a) Name   Stephen Pusey 2 Reason ...

  • UK's Drax sees 2016 earnings at lower end of forecast range Reuters - UK Focus - Tue, Jul 26, 2016 07:21 BST

    British power producer Drax said its full-year earnings for 2016 would likely be at the lower end of analysts' forecasts, after posting a 42 percent drop for the first half of the year. Earnings before interest, taxes, depreciation and amortization (EBITDA) were 70 million pounds ($92 million) in the first half of 2016, …

  • EDF works council in new bid to delay Hinkley Point decision Reuters - UK Focus - Mon, Jul 25, 2016 17:31 BST

    The EDF works council has initiated new legal action to delay the French utility's decision about its 18 billion pound ($23.61 billion) Hinkley Point nuclear project in Britain but the court will not rule before a board meeting on Thursday. EDF (Paris: FR0010242511 - news) has called a board meeting for July 28 that will …

  • UK GAS-Prices rise on outage extensions Reuters - UK Focus - Mon, Jul 25, 2016 09:57 BST

    British wholesale gas prices rose on Monday morning due to the extension of some outages in Norway and Britain. Gas for day-ahead delivery was 0.55 pence higher at 36.35 pence per therm at 0843 GMT from ...

  • UK GAS-Prompt prices edge higher on supply shortage Reuters - UK Focus - Fri, Jul 22, 2016 11:57 BST

    British gas prices for prompt delivery rose on Friday with demand outstripping supply and lower output from wind farms could spur consumption by gas-fired power plants later in the session. Gas for immediate ...

  • EDF To Consider Hinkley Go-Ahead Next Week Sky News - Fri, Jul 22, 2016 08:31 BST
    EDF To Consider Hinkley Go-Ahead Next Week

    EDF (Paris: FR0010242511 - news) bosses will meet next week to decide whether to give the go-ahead to plans to build two nuclear reactors at Hinkley Point in Somerset. The French energy giant said its board would meet on 28 July with the agenda for the meeting including the "final investment decision" on the Hinkley Point …

  • EDF To Decide On Hinkley Point Next Week Sky News - Fri, Jul 22, 2016 08:03 BST
    EDF To Consider Hinkley Go-Ahead Next Week

    EDF (Paris: FR0010242511 - news) bosses will meet next week to make its long-awaited final decision on plans to build two nuclear reactors at Hinkley Point in Somerset. The French energy giant said its board would meet on 28 July with the agenda for the meeting including the "final investment decision" on the Hinkley …

  • EDF To Decide On Nuclear Plant Next Week Sky News - Fri, Jul 22, 2016 07:50 BST
    EDF To Consider Hinkley Go-Ahead Next Week

    EDF (Paris: FR0010242511 - news) bosses will meet next week to make its long-awaited final decision on plans to build two nuclear reactors at Hinkley Point in Somerset. The French energy giant said its board would meet on 28 July with the agenda for the meeting including the "final investment decision" on the Hinkley …

  • EDF board to review Hinkley Point investment decision next week Reuters - UK Focus - Thu, Jul 21, 2016 23:02 BST

    French utility EDF (Hanover: E2F.HA - news) called a board meeting for July 28 that will consider a final investment decision on its 18 billion pound ($24 billion) Hinkley Point C nuclear project in Britain, the company said on Thursday. The project to build two next-generation EPR nuclear reactors has divided opinion …

  • 5 dividend stocks I’d buy now Fool.co.uk - Thu, Jul 21, 2016 14:20 BST

    In the current 'lower for longer' interest rate environment, SSE plc (LON:SSE), Pennon Group plc (LON:PNN), Prudential plc (LON:PRU), Old Mutual plc (LON:OML) and Target Healthcare REIT Ltd (LON:THRL) ...

  • Roland Head takes a closer look at today's updates from Unilever plc (LON:ULVR), SSE plc (LON:SSE) and easyJet plc (LON:EZJ).

  • UK GAS-Prompt prices rise on lower wind output, supply outage Reuters - UK Focus - Thu, Jul 21, 2016 10:20 BST

    British prompt gas prices rose on Thursday morning as demand from the power sector increased due to lower output from the country's wind farms and an outage that cut gas supply. Gas for immediate delivery ...

  • Would it be wise to avoid Glencore plc (LON: GLEN), Gulf Keystone Petroleum limited (LON: GKP) and Centrica plc (LON: CNA)?

  • SSE loses more customers in cut-throat UK energy market Reuters - UK Focus - Thu, Jul 21, 2016 08:23 BST

    Britain's second-biggest energy supplier SSE (LSE: SSE.L - news) said on Thursday it had lost another 50,000 power and gas customers over the three months ending June 30, as small suppliers continue to grab market share from incumbents. Britons have grown increasingly dissatisfied with high bills and poor customer service, …

  • SSE loses 50,000 customers in three months to end June Reuters - UK Focus - Thu, Jul 21, 2016 07:23 BST

    Britain's second-biggest energy supplier SSE said on Thursday it had lost another 50,000 power and gas customers over the three months ending June 30, further reflecting the trend of small suppliers grabbing ...

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