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	RUBRIC NEWS : "POWER MARKET"

12 Nov 2009 15:37

Plants Burning Garbage May Help Cut U.K. Power Prices : U.K. trash collectors, fighting rising landfill taxes, plan to burn enough rubbish to fuel power stations with the capacity of two nuclear reactors, a potential damper for electricity prices. ...

10 Nov 2009 15:43

U.K. Says Banks Offer 1.4 Billion Pounds of Loans to Wind Farms : Chancellor of the Exchequer Alistair Darling said banks will offer up to 1.4 billion pounds ($2.3 billion) in loans to spur development of wind farms that generate electric power. ...

09 Nov 2009 15:00

Britain wants more reactors : Britain is set to hand an expanded role to the nuclear industry and suggest more sites for new reactors as it unveils controversial guidelines for fast-tracking big energy projects through the planning process. ...

BP, Shell Net to Fall More Than Peers, Barclays Says (Update1) : BP Plc and Royal Dutch Shell Plc, Europe’s largest oil companies by market value, will suffer bigger profit declines than peers as crude prices stay near lows, according to analysts at ...
23 Feb 2009 10:15

16 Feb 2009 13:30

Crude Oil Trades Below $37 on Slowing Global Demand for Fuel : Crude oil traded below $37 a barrel in New York on speculation a recession in the world’s largest economies will stifle demand for fuel. Japan’s economy, the world’s largest oil consumer after the U.S. and China, contracted the most since 1974 in the fourth quarter, a government report showed today. The U.K. will shrink ...

16 Feb 2009 12:20

U.K. Has No Plans to Nationalize Lloyds Banking Group (Update1) : The U.K. government said it doesn’t plan to take full control of Lloyds Banking Group Plc after the lender forecast a 10 billion-pound ($14 billion) loss at its HBOS Plc mortgage unit. ...

Credit crunch holding up funerals in Britain : Undertakers hit by the financial crisis are refusing to carry out funerals unless they get paid in advance, The Mail on Sunday newspaper reported. With undertakers unable to extend credit, some poor families are having to wait more than two months before receiving government help paying for funerals, the weekly tabloid said. ...
12 Oct 2008 15:39

12 Oct 2008 10:58

G-7 Commit to `All Necessary Steps' to Stem Meltdown (Update1) : Group of Seven finance chiefs, meeting after stocks plunged and as a global recession looms, vowed to prevent the collapse of major banks while failing to unveil new initiatives for ...

30 Sep 2008 11:49

Fund Managers Rattled as Rescue Plan's Rejection Shakes Markets : ``I've never lived through something like that,'' Stephen Jarislowsky, the 83-year-old chairman and founder of Montreal-based money manager Jarislowsky Fraser Ltd., said yesterday about ...

04 Dec 2007 09:34

Aeroplan Buys U.K.'s Nectar, Seeks Mileage-Plan Stake (Update4) : Aeroplan Income Fund, the operator of Air Canada's frequent-flier program, agreed to buy the U.K.'s Nectar customer-loyalty business and said it plans more purchases such as taking a ...

29 Nov 2007 10:27

Kingfisher Profit Beats Estimates on Growth in France (Update2) : Kingfisher Plc, Europe's largest home-improvement retailer, said third-quarter profit was little changed, beating analysts' estimates, as growth in France and Poland offset declining U.K. ...

12 Nov 2007 14:28

U.K.'s FTSE 100 Index Advances; Barclays, Northern Rock Rise : U.K. stocks gained for the first time in four days, led by banks after Barclays Plc said its ``silence'' on rumors of losses indicated they were false. Northern Rock Plc climbed as Olivant Advisers Ltd. said it may buy a minority stake in the bank. BP Plc and Royal Dutch Shell Plc led energy companies lower, limiting the advance, as oil ...

06 Nov 2007 09:30

AB Foods Annual Profit Gains 23% on Sugar, Primark (Update1) : Associated British Foods Plc, the maker of Twinings tea, said annual profit climbed 23 percent, led by its African sugar and Primark clothing units. Net income rose to 369 million pounds ($769 million), or 46.7 pence a share, in the year ended Sept. 15, from 301 million pounds, or 38.1 pence, a year earlier, the London-based company ...

U.K. Wage Growth Slows to 13-Month Low, Pay Researcher Reports : U.K. wage negotiators agreed on the smallest salary increases since September 2006 in the quarter through October as employers gave minimum pay raises to their lowest-earning workers, ...
02 Nov 2007 08:15

AstraZeneca Says Cobalt Files to Sell Generic Crestor (Update3) : AstraZeneca Plc, the U.K.'s second- largest pharmaceutical company, said Canadian generic-drug maker Cobalt Pharmaceuticals Inc. asked U.S. regulators to approve a copy of its Crestor ...
01 Nov 2007 10:05

U.K. Housing Market Teeters on Edge of Northern Rock (Update1) : Nick Collins, an independent London real estate broker who's had record profits every year since 2003, took a hit in September -- and that may be bad news for a U.K. economy built on a ...
31 Oct 2007 12:35

U.K. Stocks Rally, Paced by BHP, Taylor Wimpey; Debenhams Gains : U.K. stocks rose for the first time in four days, paced by mining companies and homebuilders. BHP Billiton Ltd. and Antofagasta Plc gained with copper prices. Taylor Wimpey Plc and ...
23 Oct 2007 10:30

Balfour Beatty Plans to Bid for South Staffordshire, People Say : Balfour Beatty Plc, the U.K.'s biggest construction company, plans to bid for water supplier South Staffordshire Plc, according to two people with knowledge of the sale. South Staffordshire is valued at a minimum of 400 million pounds ($814 million) including debt, the people said, declining to be identified as details of the sale are private. Bids for ...
19 Oct 2007 07:19

U.K. Stocks Rise, Led by Tate & Lyle; Mining Stocks Decline : U.K. stocks advanced, paced by Tate & Lyle Plc, formerly the world's largest sugar refiner, and Imperial Tobacco Group Plc. Rio Tinto Group, the world's third-largest mining company, led declining shares as Credit Suisse Group advised investors to reduce holdings in mining stocks. ...
17 Oct 2007 12:09

Bank of England Panel Voted 8-1 for Unchanged Rate (Update3) : Bank of England policy makers considered a cut in the benchmark interest rate this month and then voted 8-1 for no change, with only David Blanchflower in favor of a reduction to counter a ...
17 Oct 2007 11:46

European Notes Post Their Biggest Weekly Decline in 3 1/2 Years : European government notes posted their biggest weekly drop in 3 1/2 years as the region's policy makers signaled there's still a case for lifting interest rates, and as the chances of a ...
15 Oct 2007 06:57

Branson's Virgin in Talks to Buy Northern Rock, People Say : Virgin Group Ltd., U.K. billionaire Richard Branson's holding company, is in talks to take over Northern Rock Plc, two people with knowledge of the matter said. Virgin, which has a consumer finance unit that sells loans, credit cards and insurance services, has met the management of Newcastle, England-based Northern Rock and may buy a stake in the ...
12 Oct 2007 09:58

U.K. House Prices Fall at Fastest Pace in Two Years (Update1) : U.K. house prices fell at the fastest pace in two years in September after higher interest rates and concern about the outlook for economic growth sapped homebuyers' confidence, the Royal ...
11 Oct 2007 09:22

08 Oct 2007 17:09

European Stocks Rise for Fourth Week; Banks, Hagemeyer Advance : European stocks climbed for a fourth week as investors speculated that contagion from the worst U.S. housing slump in 16 years is receding. Fortis, part of a group seeking to acquire ABN Amro Holding NV, and UBS AG led banking shares to their biggest weekly gain since March. Hagemeyer NV rallied on speculation Rexel SA of ...

Aer Lingus Traffic Rises 13.5% as Airline Adds Routes (Update2) : Aer Lingus Group Plc, Ireland's second-largest airline, said traffic rose 13.5 percent in September after the company added four planes and five routes. The load factor, or proportion of seats filled, fell 2.3 percentage points from a year earlier to 74.6 percent, the Dublin-based company said today in a statement. The number of ...
05 Oct 2007 12:30

04 Oct 2007 13:20

U.K. House Prices Fall for First Time in Nine Months (Update2) : U.K. house prices fell in September for the first time in nine months as mortgage rates rose and lenders grew more cautious, a report from HBOS Plc showed. The average cost of a home in Britain declined 0.6 percent to 198,500 pounds ($403,000) from a month earlier, compared with a 0.3 percent gain in August, the U.K.'s biggest mortgage ...

Bank of England Keeps Interest Rate at Six-Year High (Update1) : The Bank of England kept its benchmark interest rate unchanged at a six-year high as policy makers assessed the effect on the economy of higher credit costs and a run on lender Northern ...
04 Oct 2007 12:44

U.K. House Prices Rise at Fastest Pace Since June (Update2) : U.K. house prices rose at the fastest pace in three months in September, a sign higher credit costs have yet to affect homebuyers, Nationwide Building Society said. The cost of a house increased 0.7 percent in September, up from a 0.6 percent gain in August, to an average 184,723 pounds ($372,309), the U.K.'s fourth-largest mortgage lender said today in ...
27 Sep 2007 13:40

U.K. May Insure 100,000 Pounds of Depositor Funds, Darling Says : The U.K. government may guarantee as much as 100,000 pounds ($202,000) of people's bank deposits as it seeks to avoid a repeat of the run on Northern Rock Plc, Chancellor of the Exchequer ...
24 Sep 2007 06:09

Apple Says IPhone to Be Sold in the U.K. With O2 (Update5) : Apple Inc. will sell the iPhone in the U.K. with mobile-service provider O2 Plc, the first step by Apple Chief Executive Officer Steve Jobs to capture a share of the wireless-phone market ...
19 Sep 2007 16:19

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