International Power chuffed with GDF SUEZ synergies
Power generator International Power said its hook-up with French utility company GDF SUEZ Energy delivered synergies well ahead of target in 2011.
Power generator International Power said its hook-up with French utility company GDF SUEZ Energy delivered synergies well ahead of target in 2011.
Synergies of €135m were delivered in 2011, 50% ahead of the original target, the company said as it announced an 8% increase in underlying earnings before interest, tax, depreciation and amortisation of €4.40bn from €4.01bn the year before. The full year dividend is now expressed in euros and will be 11 cents, versus 2010's payout in sterling of 10.91p.
More to follow ...
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
jh
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
How do stablecoins work – and are they risky business?
Stablecoins – cryptocurrencies backed by real assets – are all the rage and have been enthusiastically backed by Donald Trump’s administration. Are they a danger to financial stability?
-
Reeves expected to review pension contribution rates in Mansion House shake-up
Chancellor Rachel Reeves is expected to kickstart her long-awaited pensions adequacy review, which could involve increasing workplace contribution rates above 8%