Comparisons in the generation game
Tuesday 07 February 1995
One theory was that National Power was simply reacting to PowerGen's glossier image among investors by stealing a march on the dividend front.
On most grounds, the two companies' long-term prospects are equally attractive. The generosity of the dividends confirms, as if proof were needed, the power firms' ability to rake in money from a semi-protected market, whose price regime has conspicuously failed to set enough of a market discipline.
The regulator, Professor Stephen Littlechild, is attempting to tighten up, by pressing for the sale of some power plants and by belatedly having another go at prices charged to customers. Lurking in the background is the threat of a reference to the Monopolies Commission if he finds there is not enough will to change.
But it would take several years for the impact of a reference to work through.
In the meantime, the power companies are discovering that high dividends now overcome a lot of their investors fears about the future.
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 2 Doctors remove 80 teeth from boy's jaw
- 3 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing
Syrian teenager Usaid Barho reveals how he escaped from Isis using a suicide vest
Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
Millions of Britons struggling to feed themselves and facing malnourishment
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Immigrants make UK racist, says Ukip councillor Trevor Shonk
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...