It's a market, but not as we know it

Article Abstract:

The two main United Kingdom power generators, PowerGen and National Power, are able to exercise control over prices in the electricity wholesale market. Wholesale prices rose in winter 1997 to 1998 although demand had increased little and generating capacity had increased, according to the industry regulator, Stephen Littlechild. The generators are paid the highest price of offers that are accepted, and they can offer capacity when demand is strongest. They control coal-fired power plants which can be closed down more easily than gas-fired planst, and this gives more control over supply.

Electric Power Generating, Electric Power Generation, Electric services, United Kingdom, Electric utilities, Prices and rates, Energy policy, PowerGen PLC, National Power PLC, Electric power production

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NatWest buys Gartmore: threat of merged funds

Article Abstract:

NatWest has acquired Gartmore, a UK investment manager, for 472 million pounds sterling. Gartmore's investment funds have a good reputation. Funds could be merged, and some employees could lose their jobs as a result of the acquisition. The performance of Gartmore's funds could be affected by a merger with NatWest's funds, on a short-term basis. NatWest has marketing clout, while Gartmore offers products. NatWest may also acquire a life insurer.

Investment Offices, Investment Companies, Open-End Investment Funds, Mergers, acquisitions and divestments, Mutual funds, National Westminister Bank Ltd., Gartmore Investments Management Ltd.

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