UK government bars Centrica’s bid for British Energy
According to an institutional shareholder in Centrica, the nuclear generator has been banned from making a single-handed bid for British Energy by the British government. Published reports say that the shareholder in question has raised concerns as to why EDF, which is the favored bidder, enjoys the overwhelming support of the UK government. ...
by Jason Drew August 31st, 2008
Government in support of EDF takeover of British Energy
The energy minister expressed his inclination towards the take over of British Energy by EDF (Electricite de France) to the Financial Times. Mr. Malcolm Wick stated that according to the UK government, this will be the most sensible deal. His ...
by Jason Drew August 25th, 2008
BE capable of building nuclear plants on its own
Even though British Energy, the East Kilbride Scotland-based nuclear energy generation firm is under an uncertainty of a takeover, it is moving ahead with the plans of building new nuclear plants in England. Yesterday, Bill Coley, the chief executive of BE admitted that at the moment they do not have in-house
by Lynnette Adamson August 15th, 2008
Decline in BE earnings smaller than estimated
The nuclear energy producer, British Energy Group Plc has discarded a takeover proposal from Electricite de France SA (EDF) and reported a slight decline in the first quarterly profits than what analysts anticipated. Earnings before amortization, tax, interest and depreciation for ...
by Vicky Booker August 15th, 2008
UKs power supply future looks dismal
With the UK government's energy policies in disarray, there is widespread concern that the future does not look too bright. Having already faced neglect from the government, the fight is on now to take drastic measures to keep the country's ...
by Emma Young August 14th, 2008
Political pressures push for EDF takeover of British Energy
Political pressures are mounting to try and get EDF, the French power company to takeover UK nuclear house British Energy. Though talks between both organisations had failed to strike the deal, political interest in making it work continues. Insiders to this dialogue confirmed that EDF was the strongest bidder for
by Jenson Brayshaw August 14th, 2008
Energy Sector to pursue nuclear resurgence
Samir Brikho, CEO of Amec, is enthusiastic about working on one of the biggest nuclear energy power projects in UK. Amec is a constituent of consortium currently vying for Sellafield nuclear power plant. Sellafield is Britain's major nuclear reprocessing plant. ...
by Jenson Brayshaw August 11th, 2008
Centrica would now try to lure British Energy with cash
Centrica seems to be keeping all options open for acquiring a stake in British Energy. British Energy is currently in talks with EDF for acquisition. In case EDF succeeds in acquiring British Energy, then Centrica plans to purchase a minority ...
by Lynnette Adamson August 11th, 2008
