|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||7.08 - 7.41|
|52-week range||5.98 - 13.61|
|Beta (5Y monthly)||0.62|
|PE ratio (TTM)||4.82|
|Earnings date||14 Feb 2020|
|Forward dividend & yield||0.48 (6.77%)|
|Ex-dividend date||14 May 2020|
|1y target est||14.56|
3 April 2020 Information regarding the voting rights and shares(Article L.233-8-II of the French Commercial Code and 223-16 of the General Regulations of the “AMF”) Listing location: NYSE Euronext-Paris Compartiment: Eurolist A ISIN code: FR 0010242511Date Total number of shares Total number of voting rights 31 March 2020 3,103,621,086 Number of theoretical voting rights: 5,227,919,127 Number of exercisable voting rights: 5,222,873,510 *Number of exercisable voting rights = Number of theoretical voting rights (or total number of voting rights calculated on the basis of all shares to which voting rights are attached) – number of shares without voting rights. Attachment * 31_03_2020_Information_regarding_the_voting_rights_and_number_of_shares_ certified
PRESS RELEASE 2 April 2020 Information concerning the EDF Shareholders’ Meeting on 7 May 2020 and the 2019 dividendAt its meeting on this day, EDF’s Board of Directors decided to hold the Annual Shareholders’ Meeting behind closed doors at EDF’s registered office on 7 May 2020. To meet the challenges of solidarity and responsibility imposed by the current situation, EDF’s Board of Directors has also decided to propose to the Shareholders’ Meeting not to pay a final dividend for the 2019 financial year.Due to the containment measures introduced by the French Government to combat the spread of the coronavirus, the Board of Directors has decided, on an exceptional basis and in accordance with Article 4 of Order no. 2020-321 dated 25 March 2020, that EDF’s Annual Shareholders’ Meeting will be held on 7 May 2020 at 10:00 a.m. (Paris time), behind closed doors (i.e. without the physical presence of shareholders and their proxies) at EDF’s registered office.EDF regrets not having the opportunity to meet its shareholders in person, but these measures are necessary to ensure the safety of everyone. The practical arrangements for ensuring the best possible shareholder participation are set out below.In addition, in order to meet the imperatives of solidarity and responsibility towards all of the Company’s stakeholders as necessitated by the current crisis context, the Board of Directors has decided not to propose a dividend payment for the financial year ended 31 December 2019, beyond the 2019 interim dividend in the amount of €0.15 which was paid on 17 December 2019. It will also be proposed not to apply any increase to the 2019 interim dividend for loyalty shares.To participate in the Shareholders’ Meeting: shareholders are invited to vote by post or to give a proxy to the Chairman of the Meeting, by post or electronically, prior to the Meeting. In this regard, shareholders are reminded that voting bulletins sent by post must be received by BNP Paribas Securities Services’ Shareholders Meeting Department no later than 4 May 2020 at midnight (Paris time). Moreover, the possibility of voting online before the Shareholders’ Meeting will end on Wednesday, 6 May 2020, at 3:00 p.m. (Paris time).The procedures for voting by mail will be described in the meeting notice which will be published by EDF in the Bulletin des Annonces Légales Obligatoires on 10 April 2020, and will be available on EDF’s website at the following address www.edf.fr/ag.The Board of Directors would also like to point out that the Shareholders' Meeting will be webcast live and will be available on EDF’s website, with shareholders having the possibility of participating live by submitting questions in writing.All information relating to the General Meeting is available on EDF’s website at www.edf.fr/ag. This press release is certified. Its authenticity can be checked on medias.edf.comA key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The Group is involved in supplying energy and services to approximately 38.9 million customers(1), 28.8 million of which are in France. It generated consolidated sales of €71 billion in 2019. EDF is listed on the Paris Stock Exchange.(1) The customers were counted at the end of 2019 per delivery site; a customer can have two delivery points: one for electricity and another for gas. Only print this message if absolutely necessary.EDF SA French societe anonyme With a share capital of 1 551 810 543 euros Registered lead office: 22-30, avenue de Wagram 75382 Paris cedex 08 552 081 317 R.C.S. ParisCONTACTSPress: +33 (0) 1 40 42 46 37 Analysts and Investors: +33 (0) 1 40 42 40 38 Attachment * PR EDF_Shareholders'meeting and dividend 04 02 2020 certified
Utility EDF said on Thursday it will apply for development consent later than planned to build its Sizewell C nuclear plant in Britain due to the coronavirus crisis. The application for the new nuclear power station was due to be submitted to the UK's Planning Inspectorate by the end of March, but that will be deferred by a few weeks, EDF said. "We are ready to submit the application but we recognise that many people in Suffolk, including the local authorities, are adjusting to new circumstances created by the coronavirus crisis," said Humphrey Cadoux-Hudson, EDF’s managing director of nuclear development.
EDF Energy said on Tuesday it was reducing workers at its Hinkley Point C nuclear plant project in Britain by more than half in the coming days due to the coronavirus outbreak. The 3.2 gigawatt plant, which EDF is building with China General Nuclear Power Corp, was expected to begin generation at the end of 2025.
The British government has agreed emergency measures with the energy industry to ensure vulnerable households remain supplied with power during the disruption caused by the novel coronavirus, it said on Thursday. Disconnection of credit meters will be completely suspended, while energy customers in financial distress can also ask their suppliers for debt repayments and bill payments to be reassessed, reduced or paused, the government said. The agreement has been signed by all UK domestic energy suppliers and will come into force immediately.
EDF Energy has plans in place to maintain operations at its nuclear power plants in Britain during the coronavirus outbreak, it told Reuters on Tuesday. The company operates all 15 nuclear reactors in Britain. Currently, eight of those with a combined capacity of around 4.2 gigawatts - almost half of the country's total nuclear power capacity - are offline for planned or unplanned outages.
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
(Bloomberg Opinion) -- The new U.K. budget promises a massive new infrastructure push, especially for the “left behind” areas of England and Wales. That sounds positive; but large-scale infrastructure projects in Britain have a checkered record. If the government is to avoid past mistakes, it will have to show it has learned from them.Four major projects that have run into difficulty illustrate the problems well. The first, CrossRail, is a 73-mile line running east to west across London, both under- and over-ground. Two years ago it was seen as a great success: on time, on budget and with an impressive U.K. supply chain. But problems in the complex software systems required for signalling and station operations meant the opening has been delayed for at least two years until spring 2021 soonest. The cost has escalated, adding 3 billion pounds ($3.92 billion) to the estimated cost of 15 billion pounds. The project has become an embarrassment for the publicly owned Transport for London and the contractors.Then there is HS2, a high-speed line from London to Birmingham and, from there by a bifurcating route, to Manchester and Leeds. It was agreed in principle a decade ago but there have been growing doubts about its economic value (cost estimates have risen from 37.5 billion pounds to over 100 billion), the chosen route and environmental impact. Boris Johnson recently gave the project a green light, but even if the new line gets to Birmingham, the prospects for the northern sections have slipped back.The third big project is the proposed 14 billion pound third runway at Heathrow. There has been wide agreement that London needs more airport capacity. Parliament voted two years ago for expanding Heathrow, despite strong competition from other projects, unresolved questions over funding for the required infrastructure, fierce resistance from residents in west London over noise pollution and opposition from British airways, the main hub user.The Court of Appeal recently upheld a plea by environmental campaign groups arguing that climate change impacts hadn’t been properly considered. The legal wrangling may end up in the Supreme Court but if the project is blocked, it will be a great relief to Prime Minister Boris Johnson, a long-time opponent of the scheme, who once promised to “lie down in front of the bulldozers” to stop it (the airport is next to his parliamentary constituency).A fourth major project is Hinckley Point C, the first of Britain’s next generation of nuclear power plants. Like Heathrow, but unlike rail and road projects, power generation is seen as suitable for private rather than public finance. The project was agreed in principle back in 2008 and was expected to be complete in 2020. It is now likely to be operational at best in 2025, assuming that a new technology, yet to be proven, actually functions. The fact that it is under construction at all is due to the determination of Electricite de France (EDF), the owner of Britain’s nuclear industry, and what is generally regarded as an extremely generous contractual terms. The current estimated cost of 20 billion pounds will make this the most expensive nuclear plant in the world.These four projects are very different in purpose, funding arrangements and stages of development; but all suffer from what has been called the iron law of megaprojects, which is that they run “over budget, over time, over and over again.” Over a decade ago an influential government report warned that, especially in transport, enthusiasm for these large-scale projects was distorting infrastructure priorities. Emphasis instead should be given to smaller, less high profile, projects connecting existing infrastructure. Such projects have higher returns and carry less risk. There is little sign that successive governments have paid heed.A National Infrastructure Plan was launched in 2010 to remedy what was seen as the “uncoordinated, incremental, wasteful” approach to infrastructure planning. The U.K. has a National Infrastructure Commission to identify long term priorities and an Infrastructure and Project Authority to track progress.Rather than simply pledge more investment, the new Chancellor should explain to what extent the existing objectives have been met and recognize the problems inherent with large-scale projects. The Chancellor’s predecessor, Sajid Javid, talked airily about large additional sums for public investment but it was far from clear how this related to the infrastructure plan or to the fiscal rules. There are some big unresolved questions.First, how will capital spending be accommodated in the government’s fiscal rules? The Treasury has long regarded capital projects as an easy target to squeeze under financial pressure. Capital is in effect treated as competing with current spending and at present there are great pressures to relax current spending. The sensible way to deal with this problem is to adopt the golden rule, originally employed by former Chancellor Gordon Brown, which commits to balancing only current spending and receipts over the business cycle.Second, there is a whole series of Brexit consequences and a key question for the budget will be how honestly they will be confronted. The economy has slowed and will slow further, affecting tax receipts. Will the government allow deficit financing to grow? Or will the government’s concern for their financially conservative reputation take precedence?Another consequence of Brexit is the loss of infrastructure project funding from the European Investment Bank -- important in itself and also in providing comfort for private investors. The government promised a replacement for the EIB but none is in sight. There is also uncertainty over future financial regulation. Infrastructure financing increasingly relies on pension funds and insurers looking for safe long term returns no longer available from government bonds. But the rules governing that industry -- known as Solvency II-- are EU based. Will they be tightened or relaxed post-Brexit?A lot also depends on the government’s popularity and stability. More infrastructure could be funded if rail fares, water rates, electricity prices and other utility charges were set to generate more income and if tolls were to be introduced for road projects. But a populist government is unlikely to risk voter unhappiness, even if it meant fulfilling its promises to improve infrastructure.(Corrects third paragraph reference to the HS2 route from Birmingham, adding Manchester. )To contact the author of this story: Vince Cable at email@example.comTo contact the editor responsible for this story: Therese Raphael at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Vince Cable is a former U.K. secretary of state for business and was leader of the Liberal Democrats from 2017 to 2019. He was previously chief economist at Royal Dutch Shell. He is currently a visiting professor at the London School of Economics. His next book, "Politicians and the Politics of Economics," will be published later this year. For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
* Britain's National Infrastructure Planning Inspectorate said on Thursday it expects a planning application for the new 2.2 gigawatt Bradwell B nuclear power station to be submitted in 2022. * After receipt of the application, there will be 28 days for the inspectorate to review the application and decide whether or not to accept it for examination.
EDF Energy has extended outages to July at the two reactors at its Britain's Dungeness B nuclear power plant, the company's outage website showed. The two reactors at the plant have been offline since late summer 2018 as the company has been carrying out inspections and maintenance of pipes carrying steam to the turbine. EDF's EDF Energy is also trying to complete repair work on corrosion identified during inspections of safety back-up systems at the plant on the south coast of England.
* STOXX 600 hits fresh record highs * German GDP disappoints * EDF tops STOXX 600 after beating forecast * RBS shares drop after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (email@example.com), Joice Alves (firstname.lastname@example.org), Julien Ponthus (email@example.com) in London and Danilo Masoni (firstname.lastname@example.org) in Milan. CLOSING SNAPSHOT: V-DAY OF RECORDS (1640 GMT) Here it comes a good reason to celebrate this Valentine's Day: the STOXX 600 hit record highs today, again!
* STOXX 600 hits fresh record highs * German GDP disappoints * EDF tops STOXX 600 after beating forecast * RBS shares drop after results * Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (email@example.com), Joice Alves (firstname.lastname@example.org), Julien Ponthus (email@example.com) in London and Danilo Masoni (firstname.lastname@example.org) in Milan. A RATE CUT EVERY FIVE DAYS (1405 GMT) When Mexico decided to cut rates yesterday little did they know they'd be the 800th to do so since the global financial crisis (H/T to BofA on the rate cut count).
* STOXX 600 hits fresh record highs * German GDP disappoints * EDF tops STOXX 600 after beating forecast * RBS shares drop after results * Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (email@example.com), Joice Alves (firstname.lastname@example.org), Julien Ponthus (email@example.com) in London and Danilo Masoni (firstname.lastname@example.org) in Milan. MUCH LOVE FOR FRANCE ON VALENTINE'S DAY (1157 GMT) If you look at the top movers today, there is an eye-catching French utility topping the pan-European index: EDF - the stock gained more than 9% after the company beat forecasts.
China's announcement of more than 5,000 new coronavirus cases and 121 new deaths indicate the epidemic hasn't peaked yet. A pan-European index is in fact opening at record highs, buoyed by … answers on a postcard. The thinking appears to be the virus impact will not last, it’s not spreading outside China as fast as feared and above all, central banks can step in -- slower growth will bring more stimulus, or at least lower interest rates for longer.
The first Chinese-designed atomic reactor for use in Britain moved a step closer to fruition on Thursday as the UK nuclear regulator said it had completed the third stage of the four stage assessment of the technology. General Nuclear System, an industrial partnership between China General Nuclear Power Corp (CGN) and French utility EDF, hopes to use the design at a nuclear plant planned to be built in Essex, eastern England. Britain's Office for Nuclear Regulation said the HPR 1000 reactor design will now move to the fourth stage of its Generic Design Assessment.
British energy companies will from May 1 be forced to pay automatic compensation to customers facing problems when switching supplier, regulator Ofgem said on Wednesday. Britain has a cap on the most widely used energy bills but Ofgem wants to encourage people to look at switching supplier to see if even more money can be saved. "We are introducing these new standards to give customers further peace of mind, and to challenge suppliers to get it right first time," said Mary Starks, executive director for Consumers and Markets at Ofgem.
Electricité de France S.A. (EPA:EDF) shareholders should be happy to see the share price up 24% in the last quarter...
UK's energy regulator said on Friday the price cap for bills will fall by 17 pounds to 1,162 pounds during the summer, as wholesale energy prices have declined in the last few months. "A strong supply of gas, such as record amounts of liquefied natural gas and healthy gas stock inventories, has been the main factor pushing down wholesale prices," Ofgem said. Ofgem, citing a drop in wholesale prices, lowered the cap last August as well by 75 pounds.