More power to the people
Article Abstract:
The UK government is privatizing a 40% stake in National Power and PowerGen. The issue is not likely to offer opportunities for a quick resale of shares at a higher price, as happened with the sale of electric utilities in 1991. The shares will provide dividends, and their performance is likely to reflect the performance of the UK stock market as a whole. The shares can be included in a personal equity plan (Pep) which offers tax advantages for UK investors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Ducking the question
Article Abstract:
UK electricity generators are to have a stake sold by the government. The industry regulator is concerned over observance of price agreements and there could be an inquiry into this by the UK Monopolies and Mergers Commission (MMC). The two UK generators are National Power and PowerGen, and both will pay high dividends to shareholders. Potential investors have a deadline of Feb 14 1995 in order to obtain preferential allocations and share incentives.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Nuclear U-turn heralds 2bn pounds sterling sale: the nuclear industry, which was once thought to be unsaleable, is heading for market with surprising haste. The government needs the money, and the City is ready to oblige
Article Abstract:
Nuclear Electric may be privatised by summer 1996 following a white paper which is expected to propose the merger of Nuclear Electric with Scottish Nuclear. Labour energy spokesman, Martin O'Neill is surpised at the haste in privatising the industry and believes it is a revenue raising ploy. The joint nuclear company would control 22% of the generation market in the UK.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
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