British Energy to delist to save rescue plan
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Beleaguered British Energy has applied to delist its shares as it tries to stop shareholders from blocking a restructuring plan to keep the company in business.
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Crisis-hit jet fuel supplier China Aviation Oil (CAO) has launched a rescue plan after running up $550m (Â£284m) in trading losses.
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British Gas customers will see their gas bills fall by 17% and electricity by 11% on Monday.
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Nearly half of Britain's nuclear power plants are currently out of operation.
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Troubled British Energy seeks to delist from the stock market as it fights opposition to its restructuring plan by rebel shareholders.
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STRUGGLING nuclear power generator British Energy alarmed the City again today with a steep rise in operating losses and an admission that the second half of the year will be challenging.
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Emergency legislation is to be introduced to temporarily nationalise the UK's stricken Northern Rock bank.
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The company said the decision was a &quot;major step&quot; towards implementing its controversial rescue plan. Major shareholders are opposing the deal, which hands control of
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Household-scale renewable energy schemes could provide power for many British familes, conservationists say.
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The European Union approved plans Wednesday by Britain to give British Energy, the country's largest electricity producer, billions of dollars in aid to shut down its eight nuclear power plants in the decades ahead.
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British Energy Plc (BGY.L: Quote, Profile, Research) , the UK&#39;s biggest electricity producer, said on Thursday it had ended a dispute with investment firm Polygon regarding British Energy&#39;s plans to delist its shares.
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Electricity bills could rise to cover the future decommissioning costs of new nuclear power stations, the Guardian has learned
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A North American energy company which operates a major North Sea oil field is selling its British division for 2.1 billion (Â£1.14 billion), it was announced today.
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American Electric Power closed today on the sale of its 50 percent interest in South Coast Power Limited, owner of the Shoreham Power Station (also known as the Brighton Power Station) in the United Kingdom, to ...
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Centrica, the owner of British Gas, has lost nearly 1 million customers this year after rising fuel costs forced it to increase energy bills.
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TROUBLED nuclear power group British Energy yesterday said it was removing itself from the stock market in a bid to stop rebel shareholders scuppering its rescue package.
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Business & money: Â· Firm teaching energy assessors sacks 100Â· Government could be sued for lost earnings