nuclear-news

The News That Matters about the Nuclear Industry

Toshiba’s nuclear problems result in demotion by Tokyo Stock Exchange, possible delistment

In Cumbria 2nd Aug 2017, Toshiba, the owner of the company with plans for a £10bn Cumbrian nuclear new build, has been demoted to the second tier of the Tokyo Stock Exchange.

The Japanese giant- which has taken full control of NuGen, which is behind proposals for a power station at Moorside, near Sellafield – has also seen its share price drop following the move. It will no longer feature in the Nikkei 225 index of Japan’s top public companies also faces the prospect of being delisted from the stock exchange altogether.

This switch has happened because Toshiba’s liabilities exceeded its assets by several billion yen
following a write-off for its American nuclear division Westinghouse Electric, due to provide three AP1000 reactors for Moorside.  http://www.in-cumbria.com/Cumbria-nuclear-backer-Toshiba-sees-stock-exchange-demotion-82f05225-a586-4022-adf6-90d8e015c62b-ds

Advertisements

August 4, 2017 - Posted by | business and costs, Japan, UK

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: