British Energy Share Discussion Threads

[pc4900074200] 06/10/2004 14:36

RNS Number:7901D
British Energy PLC
06 October 2004
British Energy plc
UK COMPANIES ACT 1985 - SECTIONS 198-203 - British Energy plc (the "Company")
This notification relates to issued common stock of the Company ("shares") and
is given in fulfilment of the obligations imposed by sections 198 to 203 of the
Companies Act 1985 (the "Act").
The Company was notified that as at close of business on 01 October 2004, The
Goldman Sachs Group, Inc ("GS Inc") of 85 Broad Street, New York, NY 10004, USA,
was interested, by attribution only, in a total of 30,999,471 shares.
Of these 30,999,471 shares:
The interest in 8,838,111 shares arose from Goldman, Sachs & Co. ("GS&Co."), a
wholly-owned direct subsidiary of GS Inc, acting as custodian for its customers.
These shares are, or will be, registered in the name of Goldman Sachs
Securities (Nominees), Limited.
The interest in 5,970,225 shares arose from GS&Co. acting as custodian for its
customers of 79,603 American Depositary Receipts ("ADRs"). These ADRs are, or
will be, held at the Depositary Trust Company of New York ("DTC").
The interest in 16,191,135 shares is a beneficial interest held by Goldman Sachs
International, a wholly-owned indirect subsidiary of GS Inc. These shares are,
or will be, registered at CREST in account CREPTEMP.
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLBSBDGUDGGGSL

#######

RNS Number:7910D
British Energy PLC
06 October 2004
British Energy plc
UK COMPANIES ACT 1985 - SECTIONS 198-203 - British Energy plc (the "Company")
This notification relates to issued common stock of the Company ("shares") and
is given in fulfilment of the obligations imposed by sections 198 to 203 of the
Companies Act 1985 (the "Act").
The Company was notified that as at close of business on 04 October 2004, The
Goldman Sachs Group, Inc ("GS Inc") of 85 Broad Street, New York, NY 10004, USA,
was interested, by attribution only, in a total of 31,851,971 shares.
Of these 31,851,971 shares:
The interest in 8,588,111 shares arose from Goldman, Sachs & Co. ("GS&Co."), a
wholly-owned direct subsidiary of GS Inc, acting as custodian for its customers.
These shares are, or will be, registered in the name of Goldman Sachs
Securities (Nominees), Limited.
The interest in 7,072,725 shares arose from GS&Co. acting as custodian for its
customers of 94,303 American Depositary Receipts ("ADRs"). These ADRs are, or
will be, held at the Depositary Trust Company of New York ("DTC").
The interest in 16,191,135 shares is a beneficial interest held by Goldman Sachs
International, a wholly-owned indirect subsidiary of GS Inc. These shares are,
or will be, registered at CREST in account CREPTEMP.
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLBSBDGBSGGGSL

pc

USA down to +6.6%

[pc4900074200] 06/10/2004 14:33

USA showing +11%

pc

[pc4900074200] 06/10/2004 14:10

Just a quick total up.

ADVFN's Figures on 234 trades. 40 buys 194 sells.

pc

[hamlins] 06/10/2004 13:20

Just confirmed with TDWaterhouse that l could transfer my shares from ISA holding into my dealing account by friday 8th oct (deadline) and then could keep on trading upto 21st october if de-listing goes ahead.So not a must that l have to take it out on my name as a certificate. When asked what if de-listing doesn't proceed will l be able to then transfer it back into my ISA , l was told NO and if not happy to complain to BE. !!!!

[pc4900074200] 06/10/2004 12:03

Looking forward to my phone call.

Hope that she is sitting down!!!!!

pc

[chelle] 06/10/2004 12:00

Perhaps you should pass this on to the FSA by e-mail?

[audand] 06/10/2004 11:52

Guess what?
Just had a phonecall from a girl at BGY!
Asked if I was still holding my shares and said they are trying to phone all shareholders to make sure they are aware of the coming EGM! I pointed out to her that the job is not as hard as it was due to BGY forcing so many small shareholders to sell out of their PEP/ISAs by their delisting threat which I considered to be corporate mugging.She then slowly proceeded to read a script outlining the proposals and asking if I understood the motions and consequences! (with BGYs slant on the matter) ,BGYs actions regarding delisting and asking for my comments (did not actually get round to asking how I was going to vote)
After giving her a few of my thoughts regarding BGYs actions she admitted she was not exactly having her best ever day!

What the F@@k do they think they are playing at?
Wonder how many they get round to phoning and on what basis do they decide who to call (for comparison purposes, I hold about 80k in a crest account)

[sandbank] 06/10/2004 11:25

PC4900074200: Too late now. The rumour is out!

[pc4900074200] 06/10/2004 10:50

LOL.

No, the point was that prices are on the up again.

If share price are going to do it, so will BGY.

Thats all.

pc

[sandbank] 06/10/2004 10:47

PC4900074200: OK I think I've got the message. What you're saying, in an indirect way, is that Scottish Power or SSE are going to take over BGY and that's why the shares - despite everything - haven't rattled back town to 4p. Makes sense. BGY is a Scottish company too. A few more power stations would be handy for both companies. Hope no one reads this until after I've re-filled my boots.

[pc4900074200] 06/10/2004 10:39

Probably finish the day where it started or a tick down,
but with a sizable amount of small shareholder's lighter.

pc

[keepitup] 06/10/2004 10:33

So where is it going from here then???

[pc4900074200] 06/10/2004 10:13

That did spring to mind.

pc

[soul_trade] 06/10/2004 10:08

they are forcing out more sells, thats about it

[pc4900074200] 06/10/2004 09:57

We need to send him back when he gets in.

Tell Him, he's forgot something!!!

LOL!!

pc

[chelle] 06/10/2004 09:55

Quidzinn - must have been to Sainsburys.

[pc4900074200] 06/10/2004 09:55

Who's been shopping???

pc

[chelle] 06/10/2004 09:53

what is going on?

[pc4900074200] 06/10/2004 09:23

Higher Prices on there way.

If the scots do it. BGY will.

The Scotsman. 06-10-2004.
Are the days of cheap power bills at an end?
MICHAEL BLACKLEY

MILLIONS of gas and electricity users face further increases in their bills - despite the recent record price rises.

Scottish Gas and ScottishPower, the two biggest players in the market, refused to rule out a further round of price rises. A ScottishPower spokesman admitted: "The era of cheap electricity is over."

Energywatch Scotland, a industry watchdog, advised consumers to shop around to find a better deal on their fuel bills. It said consumers should now switch from the main suppliers as another increase in bills would widen the divide between the two big players and the rest of the market.

Graham Kerr, a spokesman for the watchdog, said: "People should no longer be scared to move away from ScottishPower and Scottish Gas. If you live in Scotland you can not buy any more expensive gas than Scottish Gas, or more expensive electricity than ScottishPower. Every other supplier available is cheaper.

"I would advise any consumer not to fear making the switch. It is the same gas and the same electricity you are supplied with after making the switch. The only difference is that you save money."

Scottish gas bills have risen continuously since 2002, with the biggest increase coming in the past year.

ScottishPower has increased prices by 11.8 per cent for gas and 8 per cent for electricity, effective from 4 October. Scottish Gas increased prices by of 12.4 per cent for gas and 9.4 per cent for electricity, which came into effect on 20 September.

The recent increases have highlighted the benefits to consumers who switch energy suppliers. When switching from both gas and electricity, a low user will save £119 a year: £70 on gas and £49 on electricity. A medium user will save £175 per annum: £94 on gas and £81 on electricity. And a high user will save £224 a year: £125 on gas and £99 on electricity.

Energywatch Scotland has also advised consumers not to be concerned about poorer customer service from a new supplier. All of Scotland's major suppliers are broadly similar, offering similar payment methods and receiving a similar number of complaints, it said.

Mr Kerr said: "Do not stay loyal to Scottish Gas and ScottishPower because of the 'Scottish' tag. They are not Scottish companies - the 'Scottish' tag is only a branding exercise. They have many more customers in England."

The average annual gas bill for a medium user with Scottish Gas is now £452 - £52 higher than their next competitor.

Scotland has experienced fractionally cheaper energy prices since industry privatisation in 1990. In real terms, the average gas bill remains just £3 higher than it was 14 years ago, while electricity has actually fallen by £23 in that period. Experts say that, as a result of trying to gain a foothold in the market economy, the energy suppliers have been keeping prices artificially low for too long.

Higher wholesale gas prices have been blamed for the rising costs. A report by the energy regulator Ofgem, published yesterday, said the increase in wholesale prices was a result of the cost of imports and falling domestic supplies. The report concluded that 30 per cent of the recent rise is due to high oil prices in Europe.

Colin McSeveny, a spokesman for ScottishPower, said: "The era of cheap electricity is over. All companies will pass on the wholesale price increases to their customers. There will be similar increases in different ways. However, we will try to keep our prices as competitive as is possible."

The fear for consumers is that this latest round of energy price rises may only be the start of a trend as the price begins to become more realistic. While average electricity prices gradually rose by £2 in 2002, £4 in 2003 and £7 this year, average gas prices exploded, with a large 19 per cent rise in 2002 followed by a modest 8 per cent rise in 2003, then a huge 52 per cent rise going into 2004.

Scottish Gas also refused to rule out the prospect of future price rises being passed on to the consumer. Suppliers already suffered from a 28 per cent rise in wholesalers' prices in 2004, with a predicted 25 per cent rise in 2005.

Clare Welsh, a spokeswoman for Scottish Gas, admitted that future wholesale price increases may be passed on to customers again through further rises next year.

She said: "We need to respond to market conditions. Nobody likes to put up their prices, but we need to respond to the rises that we suffer. If we're increasingly relying on imports, then we'll have to combat that. In terms of future price announcements, there are no plans.

"The action that we have taken was aimed at making us less exposed to market fluctuations. Our main aim remains to offer a secure supply of service and good customer service. We'll work with any customer who contacts us and help them deal with their bills. Changing their methods of payment may help offset the cost of the rises."

Scottish Hydro-Electric has announced that they will not be putting up prices until at least the end of the year, and as far into winter as they can sustain.

Alan Young, a spokesman for the company, said: "It is undoubtedly true that wholesale gas prices have gone up significantly and companies respond to that in different ways. We have decided, in the competitive market, to hold prices for as long as we possibly can."

However, Energywatch Scotland remains concerned that consumers may be suffering from information about the market not being available to them.

Graham Kerr said yesterday: "Transparency in the market is essential.

"Something strange is happening further up the supply chain, and there is even speculation that there could be a cartel operating. Until it is investigated, we won't know.

"Suppliers need to demonstrate quite clearly why their prices have gone up and how they've passed on the cost to the consumer."

pc

[mautstwo] 06/10/2004 08:36

ROFLMFAO=FARM LOO

[teej] 06/10/2004 08:32

An anti mad rogue
Dam, an anti rogue

and my favorite..
Adamant ego=ruin