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EON burned with big loss in first half

  Bloomberg EON SE posted a first-half loss after taking 3.8 billion euros ($4.2 billion) in charges linked to the listing next month of its Uniper unit. Its shares slumped the most in more than six weeks. The impairments and contingency losses for its power stations burning fossil-fuel and natural gas storage assets led to a net loss of 3.03 ...

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British Eurostar rail staff to strike from Aug 12-15

  London / AFP British workers on the Eurostar cross-Channel rail service will strike for seven days this month, including over a public holiday weekend, in a dispute over hours, a union said on Wednesday. Fifty-five members of the Rail, Maritime and Transport (RMT) union will begin the action this Friday, which the company said would see a maximum of ...

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Low sales prices hit Czech power giant CEZ in H1

  Prague / AFP European energy heavyweight CEZ said its net profits for the first half of 2016 had fallen by 10 percent against a year ago due to a drop in energy prices. The Czech state-run power group, which ranks among Europe’s top electricity exporters, earned 13.8 billion koruna (511 million euros, $566 million) on sales of 98.9 billion ...

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