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FRENCH energy giant EDF yesterday played down reports that it is seeking to offload a further 20 per cent stake in British Energy.
ROBERT Armour, company secretary at British Energy, will follow chief executive Bill Coley and step down from the nuclear energy company this summer.
EDF, the French energy giant that recently bought nuclear generator British Energy, is looking at the possibility of selling its UK electricity distribution arm for up to £5 billion to cut a 25bn (£22.3bn) debt mountain.
NUCLEAR power generator British Energy yesterday said it was ready to restart another reactor hit by technical issues.
EDF began taking day-to-day control of Britain's nuclear industry yesterday, with the chief executive of British Energy now reporting directly to the UK head of the Paris-based company.
EDF has declared its bid for East Kilbride-based nuclear operator British Energy wholly unconditional, after revealing it now controlled more than 96 per cent of the company's shares.
FRANCE'S state-owned electricity supplier, EDF, moved one step closer to becoming the UK's biggest electricity producer last night.
BRITISH Energy has raised the "For Sale" sign at its only coal-fired power station under strict EU conditions to sanction a takeover by French suitor EDF.
FRENCH energy company Electricite de France (EDF) has increased its stake in British Energy to 88.7 per cent following its public takeover offer.
THE owner of Torness Power Station has seen earnings plummet in the first half of the year as a result of lower electricity output.
BRITISH Energy yesterday admitted that work had fallen behind schedule at its Hartlepool and Heysham 1 nuclear power plants and that they would be unlikely to return to service until early next year.
THE head of Électricité de France (EDF) in Britain has promised British Energy's East Kilbride office will retain a core role in the future of a combined group.
FRENCH group EDF today agreed a £12.5 billion takeover of British Energy in a move set to kick-start the UK's nuclear power strategy.
FRENCH power giant EDF was yesterday said to be on the verge of tabling an improved £12.4 billion offer for nuclear power group East Kilbride-based British Energy.
BRITISH Energy's biggest investor, Invesco, has called for the nuclear power generator to merge with British Gas owner Centrica.
THE largest City shareholder in British Energy has called for the nuclear power firm to merge with gas supplier Centrica, it emerged yesterday.
MORE than 14 million UK homeowners face more rising gas and electricity bills after energy firms yesterday announced immediate plans to put prices up by almost a third.
BRITISH Energy, the East Kilbride-based nuclear power generator, is progressing its plans to build new plants in England despite uncertainty over whether it will be taken over.