Sunday 14 November 1999
FT-SE International will next review its indexes on 7 December. British Energy, currently ranked last on the index, could see its shares slide further if it is excluded, as fund managers who hold index shares replace the company with new entries.
First-half profit from operations rose 19 per cent to pounds 37m on cost cuts. Still, uncertainty over changes to the power pool trading arrangements planned by regulators have weighed on the shares, prompting the generator to seek expansion overseas.
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