Investing.com
Published Jan 03, 2020 07:15
Updated Jan 03, 2020 07:36
Investing.com -- Here is a summary of the most important regulatory news releases from the London Stock Exchanges on Friday, 3rd January. Please refresh for updates.
Energy markets regulator Ofgem said that power generators Oersted (CSE:ORSTED) and RWE (DE:RWEG_p) will each pay 4.5 million pounds ($5.9 million) into its redress fund in connection with the massive blackout that left millions of customers without power on Aug. 9 last year.
Orsted's Hornsea One wind farm and RWE's Little Barford went offline after a lightning strike, causing a disruption to power supplies that lasted several hours.
Ofgem additionally exacted a 1.5 million-pound payment from U.K. Power Networks, a local power distributor, for reconnecting customers without permission by the system operator "which could have jeopardised recovery of the system."
UKPN is owned by Li Ka Shing's CK Infrastructure Holdings.
Discount airline Ryanair (LON:RYA) said it ended the year with a 9% rise in passengers to 11.2 million. The group’s main airline posted a 7% increase in passengers to 10.7 million, while its recently acquired Lauda subsidiary raised passengers by 67% to 0.5 million.
Elsewhere, chief executive Michael O’Leary told the German magazine Wirtschaftswoche that he expects yet more delays to the delivery of the 737 MAX aircraft the group has ordered from Boeing (NYSE:BA).
"We were meant to have 58 planes by the summer," Reuters quoted him as saying in the interview, extracts from which were published on Friday. "That went down to 30, then 20, then 10 and the latest is maybe only five. It's possible we'll only get the first jets in October 2020."
Written By: Investing.com
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