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British Business - May 9

May 9 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Slater Investments, one of the shareholders in Randall & Quilter Investment Holdings Ltd RQIH.L , has rejected a 482 million pounds ($594.16 million) takeover bid to
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British Business - March 28

March 28 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Britain's National Grid NG.L has sold a majority stake in its gas transmission business to a consortium of overseas investors, including Australia's Macquarie A
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Power generation faces challenge of both transition and climate change

By David Gaffen March 10 (Reuters) - Utility executives said on Thursday that their industry is facing higher costs in years to come to deal with the twin challenges of the transition to clean energy and protecting grids against worsening climate events. A lower-carbon emissions world will mean further electrification and development of renewable f
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EU to activate power grid emergency synchronisation with Ukraine - Simson

PARIS, Feb 28 (Reuters) - The European Commission will ask member states on Monday to activate an emergency synchronisation procedure to link the bloc's power grid to that of Ukraine, Energy Commissioner Kadri Simson said in a tweet. "I believe this is the only possible course of action in current circumstances," she said. Reporting by Tassilo Humm
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EU to activate power grid emergency synchronisation - Simson

PARIS, Feb 28 (Reuters) - The European Commission will ask member states on Monday to activate an emergency synchronisation procedure for the bloc's power grid, Energy Commissioner Kadri Simson said in a tweet. "I believe this is the only possible course of action in current circumstances," she said. Reporting by Tassilo Hummel; Editing by Sudip Ka
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France puts price of six new reactors at almost 52 bln euros

PARIS, Feb 18 (Reuters) - France expects construction of six next-generation EPR2 nuclear reactors to cost an estimated 51.7 billion euros ($58.73 billion), the Prime Minister's Office said in a report published on Friday. The amount does not include financing costs, the report said, adding it was based on the assumption that construction would tak
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French state to inject over 2 bln euros into troubled EDF

* Company announces rights issue to plug balance sheet * Nuclear outages seen reducing core profit by 11 bln euros * Selling power below market prices means an 8 bln euro hit (Recasts with more detail) By Benjamin Mallet and Christian Lowe PARIS, Feb 18 (Reuters) - The French state said on Friday it will inject around 2.1 billion euros ($2.39 billi
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EDF to receive around 2 billion euros from French state - fin min

PARIS, Feb 18 (Reuters) - The French state will inject around 2 billion euros ($2.27 billion) into EDF, French Finance and Economy Minister Bruno Le Maire said as the state-owned power giant announced a capital increase. EDF said it was planning a rights issue as soon as possible to raise around 2.5 billion euros ($2.84 billion) to offset the impac
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France's EDF announces 2.5 bln euro rights issue to fix cashflow crunch

By Benjamin Mallet and Christian Lowe PARIS, Feb 18 (Reuters) - French power company EDF said on Friday it was planning a rights issue as soon as possible to raise around 2.5 billion euros ($2.84 billion) to offset the impact of a government order that it sell power at below market prices. Reporting its financial results, the company also said an u
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EDF announces 2.5 bln euro rights issue to fix cashflow crunch

PARIS, Feb 18 (Reuters) - French power company EDF said on Friday it was planning a rights issue as soon as possible to raise around 2.5 billion euros ($2.84 billion) to offset the impact of a government order that it sell power at below market prices. Reporting its financial results, the company also said an unexpectedly steep reduction in its nuc
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French power company EDF to hire over 3,000 staff this year in nuclear push

(Re-leads with company confirmation) PARIS, Feb 11 (Reuters) - State-owned utility EDF EDF.PA said it would hire more than 3,000 staff this year as France prepares to build at least six next-generation EPR2 reactors and extend the lives of existing sites. The company is aiming to recruit 1,600 engineers and the same number of technicians by the end
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EDF to hire over 3,000 staff this year in nuclear push -Franceinfo

PARIS, Feb 11 (Reuters) - State-owned utility EDF EDF.PA will hire more than 3,000 staff this year as France prepares to build at least six next-generation EPR2 reactors and extend the lives of existing sites, French radio Franceinfo said on Friday. The move comes a day after President Emmanuel Macron unveiled a new energy strategy that puts nuclea
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France offers new tax relief to offset rising fuel prices

PARIS, Jan 25 (Reuters) - France is to increase by 10% the tax reduction on transport costs available for people who need to travel for their work, in response to rising fuel prices, French Prime Minister Jean Castex said on Tuesday in parliament. Reporting by Tassilo Hummel; Writing by Christian Lowe; Editing by Alex Richardson
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French state pledges to stand by finance minister Le Maire

* Says EDF is 'pride of the French people' * Norway SWF, a shareholder, looking at impact of decision * Unions have called for strike * Nuclear watchdog says sector may need a 'Marshall Plan' By Benjamin Mallet and Gwladys Fouche PARIS, Jan 19 (Reuters) - The French state has pledged to stand by EDF EDF.PA and will support the company in facing dif
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State will never let EDF fall by the wayside, says France's Le Maire

PARIS, Jan 19 (Reuters) - The French state will "never" let utility EDF EDF.PA fall by the wayside and it will support the company at a time as it faces difficulties due to French policy measures to cap power price hikes for consumers, said Finance Minister Bruno Le Maire. "If prices are low and less lucrative, the state will stand by EDF's side",
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Wary of political fallout, France looks to limit power price surge

PARIS, Jan 7 (Reuters) - The French government is working on further measures to limit the surge in electricity prices, the finance minister said on Friday, wary of the political fallout three months before a presidential election. "Look what's going on in Kazakhstan, it's quite indicative of what can happen when energy prices explode, it's politic
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French and Benelux stocks-Factors to watch on Dec. 16

Dec 16 (Reuters) - Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks. AIRBUS AIR.PA : Australia's Qantas Airways QAN.AX is poised to select Airbus for a major airplane order to renew its regional and mainline narrowbody fleets, two people familiar with th
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EDF says 2.1 GW of nuclear power currently offline due to strike

PARIS, Nov 15 (Reuters) - French state-owned utility EDF EDF.PA said on Monday 2.1 GW of nuclear power was currently offline due to the ongoing strike launched on Sunday. EDF said on Friday it had received a notice from unions about a strike from 9 p.m. on Sunday Nov. 14 to 9 p.m. on Monday Nov. 15. Reporting by Forrest Crelin; Writing by Benoit Va
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EDF needs updated regulatory framework to build new reactors, CEO says

PARIS, Nov 10 (Reuters) - EDF will need the right regulatory framework to be able to build new nuclear reactors in France, CEO Jean-Bernard Levy said on Wednesday, while warmly welcoming President Emmanuel Macron's plan to relaunch the construction of new reactors. Speaking on Tuesday, Macron did not specify the number or type of units envisaged, n
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Bleak houses: Families struggle to foot France's soaring energy bills

PARIS, Oct 26 (Reuters) - Jacques Kadio has already cut his grocery bill, refuels his car less and turns the heating off when his children are at school, but still the spiralling cost of electricity is squeezing his household budget to the point of going broke. The father of five, who has been out of work since quitting his job as a security guard
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