"Daily Mail Online" said : UPDATE 1-Paint maker Akzo Nobel Q4 weighed down by marine, energy markets
Analysts on average had expected revenues of 3.50 billion euros and operating income excluding one-off items at 252 million euros. The company reported fourth quarter operating income excluding incidental items (EBIT) of 235 million euros ($248 million) on revenue of 3.46 billion euros. The company reported restructuring expenses of 62 million euros for 2016 with more than half of it taken in the final quarter. By Camille Raynaud and Alan CharlishFeb 15 (Reuters) - Core profit for Dutch paints maker Akzo Nobel NV fell short of estimates in the last three months of 2016 as the marine and energy sectors weighed, while restructuring costs also put pressure on results. ($1 = 0.9471 euros) (Reporting by Camille Raynaud and Alan Charlish in Gdynia; Editing by Thyagaraju Adinarayan/Keith Weir)
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The story Open energy markets failing households first appeared on The Sydney Morning Herald. "Without a regulatory spur, the retail energy markets can soon settle into fairly cosy equilibrium once prices have been deregulated," he wrote in a paper last year. "Up to now, the emphasis has been on the supply side of the [energy] market," she said. " Opaque pricing of electricity has prompted Victoria's Essential Services Commissioner, Ron Ben-David, to argue that perhaps energy markets need some "regulatory shock therapy". Competition policy doesn't end with just establishing the market design rules, the Energy Consumers Australia's Ms Sinclair said.
EDF, the French energy giant building the new nuclear plant at Hinkley Point, plans to shrink its dividends for next year as it wrestles with the spiralling costs of maintaining its ageing nuclear fleet in France . The company issued three profit warnings last year following a string of unplanned nuclear plant shutdowns ahead of its €55bn nuclear upgrade programme. In the clearest sign that the financial pressure facing the group will continue EDF said it will cut its dividend ratio by over 10 percentage points in 2018. EDF's earnings before interest, tax, depreciation and amortisation fell 6.7pc to €16.4bn last year and is expected to fall further to between €13.7bn to €14.3bn in 2017. The group is resorting to aggressive cost cuts and plans to issue €4bn in equity in the coming months, of which €3bn will be taken up by the French government in order to shore up its shaky balance sheet.
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collected by :Jack Luxor
referring to
Open energy markets failing households
The story Open energy markets failing households first appeared on The Sydney Morning Herald. "Without a regulatory spur, the retail energy markets can soon settle into fairly cosy equilibrium once prices have been deregulated," he wrote in a paper last year. "Up to now, the emphasis has been on the supply side of the [energy] market," she said. " Opaque pricing of electricity has prompted Victoria's Essential Services Commissioner, Ron Ben-David, to argue that perhaps energy markets need some "regulatory shock therapy". Competition policy doesn't end with just establishing the market design rules, the Energy Consumers Australia's Ms Sinclair said.
EDF, the French energy giant building the new nuclear plant at Hinkley Point, plans to shrink its dividends for next year as it wrestles with the spiralling costs of maintaining its ageing nuclear fleet in France . The company issued three profit warnings last year following a string of unplanned nuclear plant shutdowns ahead of its €55bn nuclear upgrade programme. In the clearest sign that the financial pressure facing the group will continue EDF said it will cut its dividend ratio by over 10 percentage points in 2018. EDF's earnings before interest, tax, depreciation and amortisation fell 6.7pc to €16.4bn last year and is expected to fall further to between €13.7bn to €14.3bn in 2017. The group is resorting to aggressive cost cuts and plans to issue €4bn in equity in the coming months, of which €3bn will be taken up by the French government in order to shore up its shaky balance sheet.
read more visit us Energy markets
collected by :Jack Luxor
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