EDF cost rises damp nuclear hopes
EDF, the French utility, said the cost of its new nuclear power station in northern France had increased by a third, raising fears that its planned UK plant may also be vulnerable to a similar budget blowout. But EDF Energy, the company’s UK subsidiary, insisted that the cost issues in Flamanville, Normandy, would have no bearing on its plans for Hinkley Point in Somerset. The site on the Cotentin Peninsula, one of the most closely watched engineering projects in Europe, is the first nuclear power station in France for 15 years.
Sirius cuts price of UK potash mine
The price tag for building a large potash mine in the UK has dropped $1bn (£621m), or more than a third, after Sirius Minerals, its developer, said it could sell the mineral raw rather than processed.
Ford shifts up a gear on Lincoln
Alan Mulally, chief executive of Ford Motor, has promised a revival in its struggling luxury brand, Lincoln, to match the one the wider company has experienced since the financial crisis, speaking at an event in New York to “reintroduce” the brand.
Pickfords goes through insolvency
The owners of Pickfords have put the removals company through a hurried insolvency process after buckling under the strain of a pension fund deficit and a slump in the housing market.
Ghana looks to sky for energy boost
Cheshire-based Blue Energy is building Africa’s largest solar photovoltaic project for $400m (£249m) as the continent’s switch to renewable energy gathers pace.
The Daily Telegraph
MoD unveils £25m defence contract
The Ministry of Defence has unveiled a new £25m contract for more laser-guided bombs, in a move set to secure hundreds of British jobs.
Bupa plans to split business in two
Britain’s biggest provider of private medical insurance told staff in an internal memo last week that it planned to divide Bupa Health and Wellbeing into two separate business units: Bupa Health Funding and Bupa Health Clinics.
THE WALL STREET JOURNAL
Democrats urge MF Global action
House Democrats urged regulatory action against MF Global in a report, saying the former broker-dealer “blatantly misled” a securities regulator about its exposure to European sovereign debt in September 2010.
Judge denies patent suit injunction
A Seattle judge has dismissed Motorola Mobility’s request for an injunction on Microsoft products because they could infringe standard essential patents.