Shares in British Energy closed down 8% after problems uncovered by a routine inspection forced it to take four nuclear reactors out of service.
British Energy
Nuclear woes hit British Energy
Monday, October 22, 2007UK New Build Does Not Need Subsidies, Says BE
Tuesday, September 25, 200724 Sep (NucNet): New nuclear build in the UK does not need to be subsidised provided fossil fuel alternatives carry the cost of the carbon emissions associated with their use and that standard designs are adopted, British Energy (BE) has said.
In its submission on 20 September 2007 to the government’s consultation on possible new build in the UK, BE said private companies should be given the option of investing in new nuclear units and no restrictions should be placed on the amount of new capacity that could be built.
The company also said there is no need for restrictions on the siting
Energy boost
Thursday, May 31, 2007Number 10 has finally pressed the button. By the end of today, the government should have offloaded a large chunk of its holding in British Energy, the UK's big nuclear generator. This stands to increase the company's free-float by about three-quarters, hence the 6 per cent drop in British Energy's share price yesterday. But the shares could easily have fallen further - were it not for the clever timing of the sale.
Watchdog examines nuclear alert at Torness
Saturday, December 24, 2005By Michael Harrison, Business Editor
Saturday, 24 December 2005
An inquiry was under way last night at the Torness nuclear power station in Scotland after an incident involving fuel rods in one of its reactors.
Anti-nuclear campaigners said the incident was just the latest in a series of problems at the British Energy-owned site and called for the investigation to be wide ranging.