Utilities & Clean technology Correspondent, London
Adveith's Feed
Jun 29, 2011

Charter says $2 bln Melrose approach opportunistic

LONDON, June 29 (Reuters) – Embattled tool and equipment
maker Charter International dismissed a $2 billion
preliminary approach by manufacturing buyout firm Melrose’
, calling it “opportunistic”.

Melrose, which looks to buy underperforming industrial
businesses and sell them after restructuring, is looking at
paying 780 pence per share — a 30 percent premium over
Charter’s closing price on Monday — the day before it made the
approach.

Jun 29, 2011

Dealtalk – Taps on water infrastructure M&A may prove stiff

LONDON/AMSTERDAM (Reuters) – Anyone hoping a possible bid for Britain’s Northumbrian Water Group Plc NWR.L preludes a long-awaited spate of M&A across the sector could be set for a disappointment.

Monday’s statement from Hong Kong billionaire Li Ka-Shing’s Cheung Kong Infrastructure Holdings (CKI) (1038.HK: Quote, Profile, Research) that it was considering a cash offer for Northumbrian was enough to spark gains in sector peers Severn Trent (SVT.L: Quote, Profile, Research), Pennon Group (PNN.L: Quote, Profile, Research) and United Utilities (UU.L: Quote, Profile, Research).

Jun 23, 2011

FIS confirms approach for UK’s Misys

BANGALORE/LONDON (Reuters) – Payment services provider Fidelity National Information Services Inc (FIS.N: Quote, Profile, Research, Stock Buzz) confirmed that it had approached Misys (MSY.L: Quote, Profile, Research, Stock Buzz) with a deal, which analysts said could value the U.K.-based financial software company at $2.4 billion.

A deal with Misys — a provider of software to banks, fund managers and traders — could further beef up FIS’ growing international operations and help it break out of its maturing U.S-focused market.

Jun 23, 2011

FIS eyes international markets with Misys approach

LONDON, June 23 (Reuters) – Payment services provider
Fidelity National Information Services Inc confirmed it
made a bid approach for Misys , a deal analysts say could
value the financial software company at nearly $2.5 billion and
give Fidelity access to high-growth markets in Europe, Africa
and Asia.

The British supplier of software to banks, fund managers and
traders said on Tuesday it had received a bid approach, news the
market had been expecting for some weeks.

Jun 20, 2011

Aggreko shares drop as outlook disappoints

LONDON, June 20 (Reuters) – Aggreko , the world’s
biggest provider of temporary power, disappointed investors
hoping for an upgrade to its full-year
earnings outlook , making it the
top blue-chip faller in London.

The company forecast full-year trading profit
slightly ahead of 2010, in line with prior views, pulling its
shares down 3.7 percent to 1840 pence at 0930 GMT.

Jun 15, 2011

Solar demand to rebound on Germany: Kleinwort

LONDON (Reuters) – Solar companies will perform better in the second half of the year as demand in the world’s biggest market Germany should rebound, said a fund manager at the asset management arm of Dublin-based Kleinwort Benson.

Shipments of solar modules and wafers in the first quarter were hurt as uncertainty over subsidies in Europe stalled sales.

Jun 13, 2011

Horizon snaps up temporary power firm APR

LONDON, June 13 (Reuters) – Horizon Acquisition (HZNA.L: Quote, Profile, Research, Stock Buzz) is
to buy U.S.-based temporary power provider APR Energy for $855
million in a deal that could put pressure on global market
leader Aggreko (AGGK.L: Quote, Profile, Research, Stock Buzz).

Horizon, a vehicle of Pizza Express and Punch Taverns
(PUB.L: Quote, Profile, Research, Stock Buzz) co-founder Hugh Osmond, announced the deal to buy APR
Energy, whose shareholders include billionaire George Soros and
former U.S. Secretary of State Madeleine Albright, on Monday.

Jun 1, 2011

Greenko eyes boost from India’s clean power push

LONDON (Reuters) – London-listed clean energy producer Greenko is looking for opportunities in India’s huge power deficit and the country’s plans to beef up its renewable capacity.

India-based Greenko, founded by President Mahesh Kolli and Chief Executive Anil Chalamalasetty in 2006, is targeting an operational capacity of 1 gigawatt (GW) by 2014, nearly five times its current base of 183 megawatts (MW).

May 24, 2011

Pennon eyes boost from waste-to-energy projects

LONDON, May 24 (Reuters) – British water and waste company
Pennon (PNN.L: Quote, Profile, Research, Stock Buzz) expects its waste management unit, Viridor, to
continue to boost profits, as projects to generate energy from
waste begin to gain acceptance in the UK.

Earlier on Tuesday, Pennon reported annual earnings above
analysts’ forecasts, as profits at Viridor rose 14 percent,
helping to offset a slight drop in those at South West Water,
which provides water and sewerage services.

May 20, 2011

Scottish & Southern profits up, raises dividend 7 pct

LONDON, May 20 (Reuters) – Scottish & Southern Energy
(SSE.L: Quote, Profile, Research, Stock Buzz), one of Britain’s biggest utilities, reported a 1.6
percent rise in its pretax profit on Friday and predicted
further growth in market share.

SSE said changes in the price of electricity units and
improved cost efficiencies in its networks businesses offset
higher gas prices and lower output from its hydro electric
schemes and wind farms.

    • About Adveith

      "I moved to Reuters' London bureau in February to cover green technology and UK utilities after a stint in Bangalore. In four years with Reuters, I have covered some of the biggest utilities and clean technology companies in the United States and Britain, from bureaus in London, Bangalore and, briefly, New York. I have also been a key part of two of the company’s biggest headline news operations – in Bangalore and London - since 2008, sending fast news alerts on the biggest companies on both sides of the Atlantic. I enjoy writing about sports, and occasionally contribute to Reuters' sports blog, ..."
      Hometown:
      New Delhi
      Joined Reuters:
      May 2008
      Languages:
      English, Hindi, Malayalam
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