London Olympics power supplier warns of lower revenues

Temporary power provider Aggreko saw a drop in shares warning the business outlook next year is “particularly uncertain”. The firm – which provides power for major sporting events, the armed forces and after natural disasters – said its shares tumbled by one-fifth and expects profits to fall next year. The company, which rents out temporary […]

London listing for Russian electricity giant

The operator of Russia’s electricity grid today listed on the London Stock Exchange, making it the largest publicly traded electricity transmission company in the world. Federal Grid manages over 121,000 km of transmission lines and around 800 substations. Its biggest shareholder is the Russian government, with a 79.48% stake. Chairman of Federal Grid’s management board, […]