Tag Archives: utilities

(Bloomberg) — Czech billionaire Daniel Kretinsky’s industrial holding agreed to buy Enel’s stake in Slovenske Elektrarne, Slovakia’s main energy utility that also owns nuclear power plants. Kretinsky’s Energeticky a Prumyslovy Holding AS will acquire the remaining 50% stake in Slovak Power Holding BV from Enel Produzione SpA, exercising an early …

By Joe Hoppe ITV PLC and Royal Mail PLC are set to drop out of the FTSE 100 index in the quarterly reshuffle and Centrica PLC, which owns British Gas, and Unite Group PLC, the student accommodation provider, are set to be promoted from the midcap FTSE 250 to London’s …

A sign on the door of a local business in McKinney, Texas, on Feb. 16. Photographer: Cooper Neill/Bloomberg Photographer: Cooper Neill/Bloomberg It’s not easy putting a number on what is undoubtedly the largest forced blackout in U.S. history. If you take the Texas power grid operator’s word for it, the …

Jefferies upped its rating on AA shares to ‘hold’ from ‘underperform’ on Tuesday as it hiked its price target to 35.0p from 5.0p based on the 35.0p a share cash offer from a consortium of TowerBrook Capital Partners and Warburg Pincus. Still, Jefferies said the deal isn’t done and risk-reward …

Text size Getty Images The U.K. election could give Boris Johnson the ammunition he needs to secure a Brexit deal, sending a basket of undervalued domestic stocks soaring. British politics remains unpredictable, as the last election and the 2016 European Union referendum demonstrate, but the opinion polls point towards a …

We knew that Labour’s manifesto would be nationalisation-heavy but there were still late surprises. Openreach, BT’s broadband division, was added to the list in the final stages. And, more quietly, the big six household suppliers of gas and electricity were included within reforms for the energy sector; previously only the …

Another day, another nationalisation proposal from Labour. Now the plan is to bring the supply arms of the big six energy firms under public ownership. We’re talking here about the retail units of EDF Energy, Centrica (meaning British Gas), Npower, E.ON, ScottishPower and SSE, businesses that supply gas and electricity …

The Confederation of British Industry has served Labour with a challenge to publish the full details of its nationalisation plans, in the latest twist of an increasingly bitter row. Britain’s leading business group hit back amid mounting pressure over its claim that Labour’s nationalisation plans would cost £196bn, releasing further …

The Confederation of British Industry is barking up the wrong tree when it howls about the “eye-watering” cost of Labour’s nationalisation plans, which it puts at almost £200bn. Of all the arguments against nationalisation – and there are many strong ones – the claimed upfront cost is the weakest. The …

European shares ended flat on Wednesday, as gains for the defensive real estate and utilities sectors were countered by losses in luxury good makers, with caution prevailing ahead of the U.S. Federal Reserve’s interest rate decision. After flitting between small gains and losses during the session, the pan-European STOXX 600 …