|Bid||11.71 x 0|
|Ask||11.97 x 0|
|Day's range||11.87 - 11.87|
|52-week range||7.96 - 11.87|
|PE ratio (TTM)||9.06|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
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 first stage of its assessment of the technology. General Nuclear Services, an industrial partnership between China General Nuclear Power Corp (CGN) and French utility EDF (Swiss: EDF.SW - news) , hopes to use the design at a nuclear plant planned to be built in Essex, eastern England. CGN intends to make a number of investments in Britain's nuclear power sector, most notably the new Hinkley Point C project in southwest England.
European stocks were dragged lower Monday, with the new trading week getting under way with a warning from French electricity company Electricite de France SA and concerns about Brexit weighing on growth ...
LONDON, Oct (Shenzhen: 000069.SZ - news) 5 (Reuters) - After one of the worst conference speeches in a generation, the knives - editorial and political - are out for Prime Minister Theresa May this morning. Standard & Poor’s has now put Catalonia's B+/B credit ratings on "creditwatch negative" as the political stand-off over Catalonia escalates. PM Mariano Rajoy's office last night maintained its hard stance, telling the region's leader Carles Puigdemont that no dialogue was possible while it maintains the threat of a unilateral declaration of independence.
European shares inched lower in early deals on Thursday with Germany's benchmark index pulling back from a fresh record high and Spanish stocks rebounding from the heavy losses caused in the previous session ...
French nuclear reactor maker Areva NP hopes to get regulator ASN's approval in coming weeks to restart its Creusot Forge foundry, which was halted last year following the discovery of manufacturing problems and falsified documents. Creusot Forge in eastern France started producing some components in July for two planned reactors in Hinkley Point, western England, without objections from British nuclear regulator ONR and hopes to restart commercial production for the French utility EDF (Paris: FR0010242511 - news) 's nuclear fleet soon.
EDF (Paris: FR0010242511 - news) said it had detected new anomalies in tracking documentation of nuclear plant components manufactured by Areva (LSE: 0P4A.L - news) -owned foundry Creusot Forge, but they did not pose a safety risk. EDF's share price had briefly slipped on Wednesday after Platts reported that the utility had disclosed to French nuclear regulator ASN previously unknown deviations in documentation for Creusot Forge-made nuclear components at EDF (Swiss: EDF.SW - news) nuclear reactors.
Anyone seeking evidence of how Europe's big utility companies are evolving should look at the announcement today from Centrica (Frankfurt: A0DK6K - news) . The owner of British Gas is pooling its European oil and gas exploration and production assets with those of Bayerngas Norge, the Norway-based producer owned by the German multi-utility Stadtwerke Munchen and Bayerngas, its production arm. The joint (Frankfurt: 1JO.F - news) venture will include Centrica's exploration and production assets in Britain, Norway and the Netherlands along with Bayerngas Norge's assets in Britain, Norway and Denmark.
French state-owned utility EDF (Swiss: EDF.SW - news) flagged a construction cost overrun at its Hinkley Point C nuclear power station in Britain on Monday, in a new blow for a group of EDF projects already facing delays, rising costs and other problems. After a review, EDF said the cost of completion had increased by 1.5 billion pounds to stand at 19.6 billion pounds ($25.5 billion) - an increase that means its predicted rate of return on investment will fall to 8.5 percent from 9 percent previously.
EDF is part of a French-Chinese consortium that was awarded the two-reactor project at Hinkley last year despite criticism from green groups and cost warnings from experts
The Hinkley Point C nuclear power plant is already facing a £1.5bn cost over-run and potential delay of up to 15 months, the consortium behind the project has admitted. The announcement was made by EDF Energy following a review of costs and the timetable for completion - just a week after the Government's spending watchdog warned Hinkley would be "risky and expensive" for consumers. EDF (Paris: FR0010242511 - news) , which owns two-thirds of the project with China's General Nuclear Power Group holding the rest, said completion costs were now estimated at £19.6bn when based on 2015 currency rates.
The reactors planned for Hinkley Point are the novel EPR design -- a forerunner under construction at Flamanville, northwest France, has been hit by massive cost overruns, delays and protests
Britain's deal with EDF (Swiss: EDF.SW - news) to build the Hinkley Point C nuclear plant is risky and could lead to requests for more cash and electricity payment top-ups worth 30 billion pounds ($38 billion), a parliamentary watchdog said on Friday. "Delays have pushed back the nuclear power plant's construction, and the expected cost of top-up payments ... has increased from 6 billion pounds 30 billion pounds," the report from the National Audit Office (NAO) said. Hinkley Point C is Britain's first new nuclear plant to be built in decades.
French utility EDF (Paris: FR0010242511 - news) has appointed an Italian who heads its international operations to run its British unit that is handling the construction of two new nuclear reactors, EDF said. Simone Rossi, 47, will take up the post of chief executive at EDF Energy in November, succeeding Vincent de Rivaz, who is retiring after 15 years as CEO of the unit.
French nuclear regulator ASN will rule at the start of July whether the lid of the reactor that utility EDF (Paris: FR0010242511 - news) is building in Flamanville is safe for use, an ASN spokesman said on Tuesday. The ASN said in 2015 that it had discovered excessive carbon concentrations in the cover and bottom of the Flamanville reactor vessel, which can weaken the mechanical resilience of the steel and its ability to resist the spreading of cracks. Since then, Areva (LSE: 0P4A.L - news) , which has designed the EPR reactor, EDF (Swiss: EDF.SW - news) and the ASN have been testing whether the weak spots could jeopardise the safety of the reactor.
Green activist Nicolas Hulot was appointed as the minister responsible for environment and energy in the new French government on Wednesday, sending the share price of nuclear utility EDF down as much as seven percent. EDF shares had rallied strongly since the election of centrist Emmanuel Macron as president on May 7 as investors expected a pro-nuclear energy policy from the new government.
Britain's Hinkley Point B-7 nuclear reactor has come back online after an outage, while Heysham 2-7 is still offline, an EDF Energy spokeswoman said on Wednesday. Heysham 2-7 is due to reconnect to the ...
Britain's EDF Energy will raise its dual fuel bills paid by direct debit by 7.2 percent from June 21, the company said on Wednesday. The rise will add around 78 pounds a year to the average dual bill, ...
Areva's nuclear foundry, under investigation for forging documents, should be able to restart by this summer and will be upgraded to make the largest nuclear components, a top company executive said on Thursday. Commercial production at the French state-owned nuclear group's Creusot Forge foundry was halted late last year following the discovery of manufacturing flaws and the falsification of tracking documentation. French nuclear regulator ASN has ordered Areva to make a long list of improvements before it will consider allowing the plant to restart, and a top ASN executive has told Reuters that Creusot Forge's equipment is poorly suited to making the huge components for today's nuclear industry.
European shares traded flat on Wednesday in early deals, the modest move masking significant results-driven gains from German sportswear company Adidas and British security company G4S among others, on ...
European shares rose on Thursday, helped by gains in global banks following the U.S. Federal Reserve's interest rate hike overnight, while growing corporate deal activity continued to underpin year-end ...
PARIS, Dec (Shanghai: 600875.SS - news) 2 (Reuters) - French utility EDF (Paris: FR0010242511 - news) is considering a cut in the amount of net profit it pays out in dividends, a business website quoted a finance ministry source as saying, as it looks to shoulder a multi-billion euro investment bill in coming years. The website of TV station BFM Business said the state-controlled utility would reduce its dividend payout ratio to a maximum 50 percent of underlying net profit from 2017. EDF declined to comment.