International Power hit by weak UK market

INTERNATIONAL Power, owner of Rugeley Power Station, has been hit by weak market conditions in the UK but boosted by its operations in the emerging markets, especially Latin America.

In a trading update for the period to October 25, 2011, the group said of its UK operation: “As expected, overall performance for the period was down, reflecting the roll-off of higher priced contracts and weak market conditions in the UK.

“The retail business has performed well with a higher volume of gas sales and i... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...