EDF may face £1.5bn fee for BE takeover September 8, 2008 French energy giant EDF is facing yet another hurdle in its British Energy (BE) takeover bid – a £1.5bn approval fee. Close to finalising the bid, investors Invesco and M&G, which own 21 per cent of the shares, are understood to have pushed for a sweetener at the eleventh hour and will reiterate their position [...]
EDF in fresh talks over £12bn BE bid September 5, 2008 French power giant EDF is edging closer to a deal to buy British Energy, the nuclear generator, in the wake of fresh talks with some of the UK firm’s largest investors. The French utility, whose £12bn bid was rejected by British Energy’s shareholders in July, has been in productive talks with among others Invesco Perpetual, [...]
EDF closes in on British Energy deal July 25, 2008 French state-owned energy firm EDF and British Gas owner Centrica are closing in on UK nuclear business British Energy, and could announce a £12bn purchase as early as next week. British Energy, led by chief executive Bill Coley, admitted yesterday “it is in advanced discussions with one party.” A source close to the deal said [...]
Interest rate fears as gas prices surge July 1, 2008 Centrica hikes prices by record 35 per cent in move that will further squeeze consumers British Gas owner Centrica said yesterday it would raise gas prices by a record 35 per cent and electricity prices by 9 per cent as it passes on rising energy costs to householders. The country’s largest energy supplier, with 16m [...]
Britain’s future is nuclear with or without BE deal August 4, 2008 Last week nuclear operator British Energy was preparing itself for a £12bn sale to French power giant EDF. This week, that deal lies in tatters and the government may be forced rethink its plans to boost the UK’s long-term reliance on atomic energy. So what next for this troubled firm, operator of the UK’s eight [...]
Carphone tills ring October 13, 2005 Carphone Warehouse, the independent mobile phone company run by Charles Dunstone, said it was likely to ring up 35 per cent more profits in the first half of the year. The company also confirmed that as part of its expansion plans it would look at Onetel, the communications group being sold by Centrica. Carphone Warehouse [...]