The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

Big fall in EDF’s shares


EDF’s shares fell by 14.6 per cent after Macron ordered the company to
sell cut price energy to its rivals to stave off price hikes. The scheme
will cost EDF €8bn (£6.7bn), the French state-controlled energy group
warned yesterday, forcing the company to revise annual earning estimates.

French President Macron promised in September to cap power price increases
at four per cent this year, passing the cost of a 44 per cent rise in
energy prices onto suppliers in order to protect households. The
announcement compounded the woes of EDF investors, who have seen shares
shed 25 per cent of their value in a month.

 City AM 15th Jan 2022

January 17, 2022 - Posted by | business and costs, France, politics

No comments yet.

Leave a Reply

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

You are commenting using your 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 )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: