News Archive Search
Energy executives positive about Italy
07 March, 2008Italy has been identified as a key market for German energy giant E.On, suggesting that energy recruitment could soon be stepped up in that country.
Italy has been identified as a key market for German energy giant E.On, suggesting that energy recruitment could soon be stepped up in that country.
Chief executive Wulf Bernotat predicted organic growth and possibly future acquisitions in the Italian market in an interview with Il Sole 24 Ore.
"We are already present in the distribution and sales business. Thanks to output assets which we will acquire from Endesa, we will have a platform which will allow us to grow in a market of many opportunities," he said.
Mr Bernotat suggested that the complexity of completing takeovers involving Italian utilities made organic growth the company's priority.
"However it is not excluded that if the occasion arises, to be able to grow through acquisitions or asset exchange," he suggested.
E.On's focus on Italy – where it recently had to withdraw a bid for Endesa, but was compensated with billions of euros worth of its assets – could create new demand for high level recruitment of energy professionals from across Europe.
The financial sector is bracing itself for another major collapse of a financial firm, it has been reported.
Small and Medium Businesses (SMEs) should be given fairer energy policies, it has been argued by the British Chamber of Commerce (BCC).
Growing uncertainty over the government's implementation of a stamp duty holiday has caused the housing market to freeze, according to estate agents.
The Bank of England's Monetary Policy Committee (MPC) has decided once again to fix UK base rates at five per cent.
Clifford Chance is holding elections for its new Asia managing partner following Jim Baird's resignation.