|Bid||13.36 x N/A|
|Ask||13.65 x N/A|
|Day's range||N/A - N/A|
|52-week range||13.38 - 17.65|
|Beta (3Y monthly)||0.42|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.35 (2.63%)|
|1y target est||N/A|
EDF Energy, one of Britain's big six energy suppliers, lost 200,000 customers in 2018, French parent company EDF (Paris: FR0010242511 - news) said in its group results on Friday. Britain's large energy suppliers are facing competition from more than 60 smaller challengers which now control around 25 percent of the market, up from just 1 percent around seven years ago. EDF Energy's residential accounts for gas and electricity fell to 4.9 million combined, the company said.
EDF Energy has extended an outage at its Hunterston B-7 nuclear reactor in Britain, offline since March when cracks were found in its core, until Feb. 21, it said in a market update. 18. EDF Energy said it had extended the outage to prepare a safety case needed for Britain's nuclear regulator to allow the unit to restart. "We are preparing to present a safety case for (the) return to service of Reactor 3 (turbine generator 7) to the regulator, the ONR (Office for Nuclear Regulation)," a spokeswoman for EDF (Swiss: EDF.SW - news) Energy, the UK arm of France's EDF (Paris: FR0010242511 - news) , said via email.
PARIS, Oct (Shenzhen: 000069.SZ - news) 3 (Reuters) - Faulty weldings at the nuclear plant that French utility EDF is building in Flamanville, Normandy, may require more repairs than originally estimated and EDF will have to review materials on the site, the ASN nuclear regulator said in a statement. In July, problems with the weldings forced EDF (Swiss: EDF.SW - news) again to delay the start-up date for the troubled Flamanville 3 nuclear reactor to the second quarter of 2020.
Britain's regulator on Thursday proposed a price cap on default energy bills to save households about a billion pounds ($1.3 billion) a year and aims to implement it in time for winter following a government promise to tackle "rip-off" prices. The energy regulator, Ofgem, said it wanted to cap the default electricity and gas bill at 1,136 pounds a year, a level below the most-used tariffs set by the country's big six suppliers but not as severe as some had expected. Shares in Centrica, whose British Gas is the largest household energy supplier in the country, SSE and EDF (Swiss: EDF.SW - news) rose after the announcement.
Britain's energy market regulator has given the go-ahead to National Grid (LSE: NG.L - news) to build a power grid upgrade to connect the new Hinkley Point C nuclear power station in Somerset. The Hinkley–Seabank (HSB) project will cost 650 million pounds ($852 million) and allow for the safe connection of EDF (Swiss: EDF.SW - news) Energy's planned Hinkley Point C nuclear power station.
Britain is planning the biggest change to takeover rules in almost two decades, giving the government new powers to block deals in all sectors of the economy to prevent UK companies in sensitive industries from falling into foreign hands. The business minister, Greg Clark, wants to tighten the existing rules, which are limited to large transactions, to cover all British companies including small firms.
French nuclear reactor maker Framatome, a unit of state-controlled utility EDF (Paris: FR0010242511 - news) , said a review of manufacturing records at its Le Creusot foundry showed that all components for EDF nuclear plants are safe. The Le Creusot foundry was closed several months last year following the discovery of falsification of manufacturing tracking documentation. Several EDF reactors were closed temporarily following the discovery.
Exxon Mobil (Swiss: XOM-USD.SW - news) will expand its Rovuma liquefied natural gas (LNG) project in Mozambique by half to cut production costs as the partners prepare to book the plant's supply and formally tap lenders in September, the company told Reuters. The U.S. oil giant took charge of the East African LNG project's onshore operations following a $2.8 billion deal with Italy's Eni (LSE: 0N9S.L - news) last year, adding to its slate of planned gas projects in Qatar, Papua New Guinea, Russia and the United (Shenzhen: 000925.SZ - news) States. It now aims to build the world's biggest liquefaction units, or trains, outside Qatar, in Mozambique's remote north, shelving former operator Eni's more modest blueprint in pursuit of cost savings to boost returns on investment.
Britain is considering direct investment to help a unit of Japan's Hitachi Ltd build a new nuclear power station in North Wales, the country's business minister said on Monday. Britain needs to replace ageing nuclear reactors and coal plants coming offline in the 2020s, but new large plants have struggled to be built due to high up-front costs. Hitachi's Horizon plans to construct at least 5.4 gigawatts of new nuclear capacity at two sites in Britain – the first at Wylfa Newydd in Wales.