Utilities & Clean technology Correspondent, London
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Mar 2, 2011

GDF Suez’s IP unit, Verbund beat profit forecasts

LONDON/FRANKFURT, March 2 (Reuters) – Profit at two major
European power companies last year dropped less than forecast,
helped by overseas units and higher than expected power prices.

International Power (IPR.L: Quote, Profile, Research, Stock Buzz), majority owned by French
utility GDF Suez (GSZ.PA: Quote, Profile, Research, Stock Buzz), on Wednesday posted 2010 operating
profit slightly above market expectations, helped by growth in
Asia and the Middle East. [IP:nLDE71R0X9]

Mar 1, 2011

Emerging markets drive up profits at UK industrials

LONDON, March 1 (Reuters) – Demand for steel and chemicals
in resource-hungry emerging markets and a weaker pound helped
boost a string of British manufacturing companies, results
showed on Tuesday, more than offsetting a tepid domestic market.

Rotork (ROR.L: Quote, Profile, Research, Stock Buzz) and Cookson Group (CKSN.L: Quote, Profile, Research, Stock Buzz) both cited strong
overseas demand as a key driver behind profit rises in 2010 and
said they would deliver even better results in 2011.
[ID:nLDE71R0XA] [ID:nLDE71R1CL]

Feb 23, 2011

Centrica inks long-term Qatar LNG deal

LONDON, Feb 23 (Reuters) – Centrica (CNA.L: Quote, Profile, Research, Stock Buzz), Britain’s
biggest household energy supplier, has signed its first
long-term contract to buy liquefied natural gas from the world’s
biggest LNG exporter, Qatar.

Qatargas is to deliver 2.4 million tonnes a year for the
next three years to the Isle of Grain terminal near London under
a deal worth about 2 billion pounds ($3.24 billion) at current
UK market prices, said Centrica, which owns British Gas.

Feb 22, 2011

Camco reports 2010 profit, targets Asia, U.S.

LONDON, Feb 22 (Reuters) – British low-carbon project
developer Camco International Ltd (CAMIN.L: Quote, Profile, Research, Stock Buzz) swung to full-year
profit and lifted sales ahead of turning its focus to clean
energy opportunities in east Asia and the United States.

The company reported a profit of 10.1 million euros ($13.8
million) for the year, compared with a loss of 10.9 million
euros last year. Revenue was up 8 percent to 30 million euros.

Feb 18, 2011

Charter Intl hit by weak margins at core unit

LONDON, Feb 18 (Reuters) – Charter International (CHTR.L: Quote, Profile, Research, Stock Buzz)
said higher steel prices and weakness in Europe weighed on
margins at the company’s core welding tools unit ESAB, sending
shares sharply lower.

The British tool and equipment maker gets more than 60
percent of its revenue from ESAB, which makes welding tools for
steel, and the rest from Howden, which makes air and gas
handling equipment.

Feb 11, 2011

Carillion to buy Eaga for £307 million

LONDON (Reuters) – Builder Carillion (CLLN.L: Quote, Profile, Research) has agreed to buy energy-saving scheme operator Eaga (EAGA.L: Quote, Profile, Research) for 306.5 million pounds to enter the high-growth energy efficiency market.

Carillion, a building and support services firm, generates much of its revenue from government work, which is under threat from spending cuts, and public private partnership projects.

Feb 11, 2011

UK builder Carillion to buy Eaga for 307 mln stg

LONDON, Feb 11 (Reuters) – British builder Carillion
(CLLN.L: Quote, Profile, Research, Stock Buzz) has agreed to buy energy-saving scheme operator Eaga
(EAGA.L: Quote, Profile, Research, Stock Buzz) for 306.5 million pounds ($494 million) to enter the
high-growth energy efficiency market.

Carillion, a building and support services firm, generates
much of its revenue from government work, which is under threat
from spending cuts, and public private partnership projects.

Jan 18, 2011

DealTalk: Medical bid may herald long-awaited Smiths break-up

BANGALORE/LONDON (Reuters) – A spurned bid for Smiths Group Plc’s (SMIN.L: Quote, Profile, Research, Stock Buzz) medical business takes the British engineering conglomerate closer to a possible break-up, a move many investors have been waiting for.

The company rejected a 2.45 billion pound ($3.9 billion) approach for its medical equipment unit late last week, which a person familiar with the matter said came from buyout firm Apax APAX.UL.

Jan 18, 2011

Medical bid may herald long-awaited Smiths break-up

BANGALORE/LONDON, Jan 18 (Reuters) – A spurned bid for
Smiths Group Plc’s (SMIN.L: Quote, Profile, Research, Stock Buzz) medical business takes the British
engineering conglomerate closer to a possible break-up, a move
many investors have been waiting for.

The company rejected a 2.45 billion pound ($3.9 billion)
approach for its medical equipment unit late last week, which a
person familiar with the matter said came from buyout firm Apax
[APAX.UL]. [ID:nLDE70D21J]

Jan 18, 2011

Lavendon falls as Ashtead ends bid

BANGALORE (Reuters) – Ashtead (AHT.L: Quote, Profile, Research, Stock Buzz) and Belgium’s TVH Services walked away from their bid for Lavendon Group (LVD.L: Quote, Profile, Research, Stock Buzz), ending a two-month-long battle for control of the British rental-equipment firm.

The news sent Lavendon shares down 12.6 percent to 95.5 pence, making them the top percentage losers on the London Stock Exchange, as investors feared few other buyers would emerge in a depressed construction market.

    • 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, ..."
      Joined Reuters:
      May 2008
      Languages:
      English, Hindi, Malayalam
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