|Bid||11.35 x 8000|
|Ask||11.70 x 50000|
|Day's Range||11.07 - 11.52|
|52 Week Range||7.33 - 12.48|
|PE Ratio (TTM)||11.66|
|Forward Dividend & Yield||0.46 (4.11%)|
|1y Target Est||N/A|
French workers plan to cut output at electricity generation sites on Thursday as part of a nationwide strike by unions against planned government liberalisation reforms, hardline union CGT said in a statement. Power sector workers will join rail and public sector workers who will take to the streets on Thursday to protest against President Emmanuel Macron's planned reform of the rail and French civil service. The CGT said the French power sector was under the threat of planned liberalisation reforms which could jeopardise French energy security.
DUESSELDORF/FRANKFURT (Reuters) - Innogy (IGY.DE), Germany's largest listed energy group said it will continue with its advertising strategy despite plans by parent RWE (RWEG.DE) and peer E.ON (EONGn.DE) to break it up. Listed to much fanfare in 2016 in Germany's largest share sale since 2000, Innogy spent a mid-double digit million euro sum on introducing its brand, it said. "We are not conducting our business any different in light of the agreement with regard to the planned transaction between RWE and E.ON," Innogy said in emailed comments to Reuters when asked whether ad spending would fall.
France announced last year plans to sell some 10 billion euros (£8.78 billion) worth of stakes in state-owned companies in order to raise money for a new fund to finance innovation, an election pledge of President Emmanuel Macron. Renault, at the heart of a power struggle over its ownership, topped the list, with 56 percent in favour of the state selling at least some of its 15 percent stake.
PARIS (Reuters) - The French nuclear industry is considering developing Small Modular Reactors (SMRs), but will have to ensure these miniaturised generators are not only technically feasible but also financially ...
The French nuclear industry is considering developing Small Modular Reactors , but will have to ensure these miniaturised generators are not only technically feasible but also financially viable, executives ...
French utility EDF (EDF.PA) is confident that nuclear safety regulator ASN will allow it to extend the lifespan of its nuclear reactors beyond 40 years, an EDF executive said on Thursday. Dominique Miniere, head of EDF's French nuclear and thermal fleet, told a parliamentary committee hearing about nuclear safety that the company has been having discussions with the regulator on what safety aspects it should tackle if it wants to extend the lifespan of its reactors. "We are confident that we will be able to continue operating our nuclear reactors after the fourth decennial overhaul," Miniere said.
In December 2017, Electricité de France SA. (ENXTPA:EDF) announced its latest earnings update, which signalled that the business gained from a robust tailwind, leading to a double-digit earnings growth ofRead More...
PARIS (Reuters) - French state-controlled utility EDF has been notified of a 24-hour strike starting at midnight at its 3,600 megawatt (MW) Blayais nuclear power plant, it said on Tuesday. The company ...
The Germans are worried about Geely acquiring a tenth of Daimler . French incursions into corporate Italy are increasingly resented . UK lawmakers are fretting about the fate of GKN . All might wish they ...
An all-German deal to split Innogy between RWE and E.ON looks set to create a template for European utilities M&A that includes the demise of the integrated model, no more big cross-border deals and a quest for emerging market growth. Under the deal, announced on Sunday, German utility RWE will combine the renewables businesses of rival E.ON with Innogy's, while E.ON will acquire Innogy's regulated energy networks and customer operations. The deal continues the break-up of E.ON and RWE, which were two vertically integrated utilities before they split their renewables and grids from their thermal generation assets.
LONDON (Reuters) - A record number of British energy customers switched supplier in February, data from industry group Energy UK showed on Monday. * 668,000 customers switched during the month, the highest ...
Shares in Germany’s leading utilities jumped sharply on Monday, as investors and politicians signalled support for an ambitious €43bn takeover deal by Eon for renewables company Innogy that will redraw ...
France will commit 700 million euros (622 million pounds) to the International Solar Alliance (ISA), President Emmanuel Macron said on Sunday at the founding conference of the organization, reiterating the European country's commitment to the alliance and clean energy. ISA is an inter-governmental organization that aims to mobilize $1 trillion in funds for future solar generation, storage and technology across the world. The treaty-based organization, launched by Indian Prime Minister Narendra Modi in 2015, aims to promote solar energy in 121 countries.
PARIS/NEW DELHI (Reuters) - French and Indian companies signed contracts worth 13 billion euros (£11.6 billion) on the first day of President Emmanuel Macron's visit to India on Saturday, the French presidency said in a statement. The deals include a contract for France's Safran (SAF.PA) to supply airline Spice Jet (SPJT.BO) with engines, water system modernisation by Suez (SEVI.PA) in the southern city of Davangere and a contract between industrial gas company Air Liquide (AIRP.PA) and Sterlite. Macron and Indian Prime Minister Narendra Modi – addressing a news conference in New Delhi – also committed to strengthening their partnership on defence and security.
Britain's energy suppliers will be banned from back billing customers for energy used more than 12 months ago, regulator Ofgem said on Monday. The move comes as pricing by Britain's energy firms is under political scrutiny and a week after a law was introduced aimed at capping bills. The new rule will come into effect at in May for domestic consumers and in November for microbusinesses, Ofgem said.
Anadarko Petroleum expects to conclude several sales and purchase agreements (SPA) by year-end for liquefied natural gas (LNG) from its new plant in Mozambique, a company official said on Thursday. Texas-based Anadarko is developing the first onshore LNG plant in the African nation, consisting of two initial LNG trains with a total capacity of 12.88 million tonnes per annum. "We have multiple ongoing negotiations with a variety of buyers ... everyone from Chinese to Indians to Japanese," said Andrew Seck, vice president of Anadarko's LNG Marketing and Shipping division.
LONDON (Reuters) - The market share of Britain's big six energy firms of domestic customers in the country fell to a record low in 2017, as smaller rivals lured customers away with cheaper deals, energy ...
Prime Minister Theresa May will cap the energy bills of 11 million British households for as long as five years under a new law introduced to parliament on Monday, aimed at tackling what she describes as "rip-off" energy prices. The new legislation will force the energy regulator Ofgem to cap electricity and gas prices until 2020 when the regulator will recommend whether it should be extended on an annual basis up to 2023, the government said. The government said that some customers are being charged more than 300 pounds than they should be, and the cap will apply to expensive plans that customers are moved to when their cheaper fixed deals end.
French nuclear regulator ASN said it has told EDF to improve the running of the construction of the Flamanville nuclear reactor, which is years behind schedule and billions over budget. The ASN has repeatedly said a schedule to load nuclear fuel at the EPR reactor in Flamanville, which is the same type as EDF is building in Britain's Hinkley Point, by year-end is tight. ASN said EDF (EDF.PA) must improve the follow-up of pre-startup test as well as the treatment of any flaws, and to improve the information flow to the regulator.
Standing by a towering equatorial forest, Jean-Noel Kouame's new breeze-block house may be beyond the reach of Ivory Coast's power grid, but it's perfectly located for solar power entrepreneurs. Buoyed by success in East Africa, off-grid solar power startups are pouring into West Africa, offering pay-as-you-go kits in a race to claim tens of millions of customers who lack reliable access to electricity. At least 11 companies, including leading East African players such as Greenlight Planet, d.light, Off-Grid Electric (OGE), M-KOPE Solar, Fenix International and BBOXX, have moved into the region, most within the last two years.
PARIS (Reuters) - French state-controlled utility EDF (EDF.PA) has been notified of a strike starting Monday until Wednesday Feb. 21 which could lead to a fall in electricity generation at a nuclear power ...
EDF (EDF.PA) shares rose about 7 percent on a higher-than-expected dividend and expectations of a rebound in 2018, despite a slide in core 2017 earnings and a muted outlook for nuclear power production next year. EDF expects nuclear output of at least 395 terawatthours (TWh) in 2018, after it fell to 379 TWh in 2017, which cut French generation income by 21 percent to 4.8 billion euros (4.26 billion pounds). With all reactors running, EDF can produce 420 TWh.