Summary
AMERICAN comedian George Carlin once mused: 'Electricity is really just organised lightning.' British Energy became the conductor for investors' cash as it illuminated the top of the Footsie, just as the lights went out on rival Drax's top flight tenure.
BE has been on a real rollercoaster ride over the past year, as it has struggled to restore two of its nuclear plants to full capacity following the discovery of cracks in the pipes of some of its cooling towers. But investors now appear ready to start loving the stock again as it looks to have put these problems to bed.See the full content of this document
Extract
British Energy Lights Up Footsie ; Market Report
BE was 32p brighter, closing at 5201/2p, as dealers said it was picking up interest from tracker funds that have been switching out of Drax, down 3p at 605p, which fell out of the FTSE 100 last night.
One dealer said: 'UK forward electri...See the full content of this document
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