** WEAKNESS IN UTILITIES **
April 27th, 2006[Dow Jones] Electricity utilities slide on news several EU
countries including France, Netherlands, Czech Republic and Estonia produced
less CO2 emissions than expected in 05, a utility analyst says. British Energy
(BGY.LN) ends -4.6% to 698p because it is a “pure beneficiary of higher CO2
prices” given that it is primarily a nuclear power company. RWE (RWE.XE) -2.7%
to EUR70.4 due to fact that portfolio is heavily nuclear weighted, analyst
says. Drax (DRX.LN) -1.6% to 795.5p due to fact that lower CO2 prices results
in lower power prices and therefore lower profitability for the coal-fired
power generator, analyst adds. (JAM)
February 1st, 2007 at 15:29
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