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Thursday May 15, 2008
The board of British Energy will consider a takeover approach from EDF but are hoping that more bids could materialise
The power supply protection company's shares shoot up 26 per cent after it deflects a takeover approach from a US rival
Centrica set off a storm of protest after it issued a strong signal that consumers will be hit by a fresh round of price rises
The company is paying $856m for a portfolio power stations in the US that begin working when demand peaks
Millions of homeowners face a second rise in gas and electricity bills as Centrica grapples with a slump in its profits
The energy group warns of a further increase this year after owner Centrica said operating profits would fall sharply
An IT billing system designed by Accenture, the consultancy group, has become the focus of a £182 million High Court writ
Chief executive Steve Holliday is racing ahead with upgrades for a nuclear future combined with green initiatives
The Government's desire for proper competition has created a stumbling block in the sale of British Energy
EDF was the only company to table a firm bid for British Energy as a government demand put off other buyers from the sale
The owner of British Gas is hammering out details of a joint venture with EDF, which has already lodged an Energy bid
EDF's plan to employ Areva, the French nuclear energy group, to build Britain's nuclear power stations could be illegal
The Spanish energy group is understood to be putting the final touches to a bid for British Energy, the nuclear generator
Only one company now seems certain to bid in the auction for British Energy, which has a Friday deadline
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