Grid nets bumper Â£5.8bn from sell-off
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National Grid Transco agreed one of the largest cash deals in recent corporate history yesterday with the sale of four of its eight gas distribution networks for Â£5.
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Centrica, the owner of British Gas, reports a 5% fall in operating profits  despite the benefit of higher fuel bills.
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MPs totted up Â£87.6m in expenses in the last financial year - a "like for like" rise of about 5% on the year before.
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National Grid Transco, the Britain-based deliverer of energy, announced it has agreed to sell four of its gas distribution networks to consortia in cash deals worth 5.8 billion pounds.
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The four networks have been bought by consortia which include Scottish &amp; Southern Energy and United Utilities. Transco said that it would return about Â£2bn to shareholders following the sale and would increase its dividend for the current year by 20%.
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Business & money: Â£2.2bn stake in nuclear power generator to be used to help clean up the company's existing sites.
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Challenger Financial Services Group, an Australian fund manager, said Monday that it bought a 5.8 percent stake in a British natural gas distribution network for 85 million Australian dollars, or $65 million, to diversify its portfolio of investments.
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One of Britain's biggest power companies has announced price hikes of 17.2% for gas and 12.7% for electricity in a move set to hit more than four million households. via Grantham Today
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British Energy Plc, producer of a fifth of Britain&#39;s electricity, said it will de-list its stock to prevent shareholders from blocking a plan intended to save the company from bankruptcy.
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British gas giant BG Group has said that net profits leapt 23 percent last year on rising production and increased energy prices.
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The British power and gas system operator National Grid Transco PLC said Tuesday it has sold four regional natural gas distribution networks for 5.8 billion pounds (&#36;10.4 billion) in three deals.
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The Bank of England held a key interest rate steady at 5.25 percent on Thursday.
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British waste-collection firm Biffa  has received a counter-approach worth around 1.5 billion pounds ($3 billion) from a fund backed by General Electric , said sources familiar with the matter.
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Water firm United Utilities is given a Â£8.5m fine from water regulator Ofwat for breaching trading rules.
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National Grid Transco, the Britain-based deliverer of energy, announced it has agreed to sell four of its gas distribution networks to consortia in cash deals worth 5.8 billion pounds (8.
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Centrica, the owner of British Gas, reports a 5% fall in operating profits despite the benefit of higher fuel bills.
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A 25% stake in nuclear power station firm British Energy is to go on sale immediately to fund nuclear clean-up costs.