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Energy giants size each other up in buying war
14 July, 2008British Energy (BE) and EDF are in a war of words that could change the look of the energy landscape in Britain, it has been reported.
British Energy (BE) and EDF are in a war of words that could change the look of the energy landscape in Britain, it has been reported.
EDF, a French company, is bidding for BE but the two energy giants have clashed over share prices.
Currently, the board at BE are enjoying some estimates that put BE share prices at £11, thanks to hopes for a new series of power plants, as well as current power generation success.
EDF however, will pay only between 680p and 735p. Closing on Friday, BE's shares were recorded at 697p.
The bid will affect the future of one nuclear generator in the UK, although comes at a time when many companies are looking to green power for renewable sources of energy.
This year, Scotland Northern Ireland and the Republic of Ireland have been in talks to assess the practicalities of creating a three-nationwide energy grid designed to be powered by wind power.
It is reported that wind power generated off the coast of Scotland could amount to several times the demand at peak times, suggesting critics of wind power are not looking at the whole picture.
The long, drawn-out sale of British Energy (BE) to EDF Energy has come to an end after the French energy firm bought BE for £12.5 billion, it has been reported.
Government hopes to have an EDF Energy-British Energy (BE) tie up within two weeks have been dubbed "optimistic" by the British nuclear company, according to a recent report.
Gordon Brown is facing the prospect of a major defeat over the government's reluctance to impose a windfall tax on energy companies, it has been reported.
The City of London has launched a campaign against Gordon Brown in order to convince him that introducing a windfall tax on energy companies should be avoided.
TaylorWimpey has reported phenomenally poor first half results for the year so far, recording a loss of £1.5 billion, it has been announced.