EDF's bid for British Energy fails on price issue

However, a person close to British Energy said EDF had been told earlier of the objections and should not have been telling the press it was a done deal when there were still problems. “Calling a press conference was stupid. They knew the [price] issue was there,” the person said.

One EDF board member said on Friday his group thought the UK government’s support for the deal would help persuade the rebellious fund managers. “The French are used to a much more interventionist state. When the state says yes or no, the others follow,” the board member said.

The collapse of the deal caught the UK government unawares. John Hutton, the business secretary, had been poised to hail the EDF acquisition today as a significant step in delivering Gordon Brown’s pledge of a new generation of nuclear reactors. Instead, the government must now deal with what Mr Hutton on Friday admitted is a “disappointing” setback to its nuclear strategy.

At the press conference that EDF had expected to use for the deal’s announcement on Friday, chief executive Pierre Gadonneix attempted to put on a brave face, saying he remained committed to building new UK nuclear plants.

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DeepLearningTrucker Part 1

Avastu Blog is migrating to IdeationCloud.com; 1st Jan 2009 live

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Redhot Future Of IT Part I :Marketing yourself as IT professional

I had promised about the "RedHot IT Future Series" and so we discuss here how you should market yourself EFFECTIVELY as an IT professional in this new (and dangerous) web age! Web is the place where you're a hero today and villain tomorrow. While there are lots of professionals who are active on the web, not all are enjoying a good reputation as they got "personal" with others and got into a cockfight. The passive IT professional has nothing to lose but nothing to gain at all!

I know "marketing" might seem as a greasy term but the idea is to have the truth about you out there. You know you're a good person and your family knows that you're really smart person but the rest of the world doesn't!

So the question is how do I market myself on the web as a true "nouveau IT professional". A guy who companies will be tempted to pick up the phone as say "Hey, we wanna talk with you. Can you fly over to Palo Alto (or Guatemala or Johan…

However, a person close to British Energy said EDF had been told earlier of the objections and should not have been telling the press it was a done deal when there were still problems. “Calling a press conference was stupid. They knew the [price] issue was there,” the person said.

One EDF board member said on Friday his group thought the UK government’s support for the deal would help persuade the rebellious fund managers. “The French are used to a much more interventionist state. When the state says yes or no, the others follow,” the board member said.

The collapse of the deal caught the UK government unawares. John Hutton, the business secretary, had been poised to hail the EDF acquisition today as a significant step in delivering Gordon Brown’s pledge of a new generation of nuclear reactors. Instead, the government must now deal with what Mr Hutton on Friday admitted is a “disappointing” setback to its nuclear strategy.

At the press conference that EDF had expected to use for the deal’s announcement on Friday, chief executive Pierre Gadonneix attempted to put on a brave face, saying he remained committed to building new UK nuclear plants.

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