Broker tells investors to sell EDF shares because of Hinkley Point costs

Discussion in 'Market News' started by Lily, Oct 22, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Investec Securities has ‘long-term concerns’ about financial strain the £18bn nuclear project will put the French energy group under

    A leading City broker has called on investors to sell their shares in EDF, saying it has “long-term concerns” about the financial stresses on the French energy group from the £18bn Hinkley Point C nuclear project in Somerset.

    The sell note from Investec Securities comes a day after EDF signed a deal with China General Nuclear Corporation and said it would start work within weeks on the UK’s first new nuclear plant for 20 years.

    Related: Osborne is all for renationalisation – so long as the nation isn’t Britain | Aditya Chakrabortty

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