Nuclear cuts hit RWE figures

German nuclear group RWE’s first-half core net profit has fallen 40 per cent, hit by a government decision to phase out nuclear power and unprofitable gas sales, highlighting the problems faced by the firm’s new chief exec-designate. Germany’s largest power producer said yesterday first-half profit took a €900m (£786m) hit from decommissioning of nuclear power plants, the write-off of nuclear fuel rods and a nuclear fuel tax.