BG hits target to make GB 1.5bn payout

Article Abstract:

The rate of return targets set down by the gas industry regulator Ofgas for the UK gas transporting firm BG are being exceeded, according to the firm itself, to the annual tune of GB 80-100mn. BG is also planning to increase their total fund reserves from sell offs to GB 1.65bn by selling of another GB 450mn worth of assets. In the wake of its strong performance the company is planning to give its shareholders extra dividend payouts worth GB 1.5bn. This would still leave it with a 50% debt-to-equity ratio. Table: BG Figures in GB mn (Second quarter) Current Change Pre-tax Profits 187 -24%

Comment:

To increase its total fund reserves from sell offs to GB1.65 bil by selling of another GB450 mil worth of assets

Asset sales & divestitures, Natural Gas Distribution, Gas Transmissn & Distributn, Gas industry, Centrica PLC, Article

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UK: CHEMICAL POLLUTION KILLING PORPOISES

Article Abstract:

Scientists have discovered that porpoises are being infected with polychlorinated biphenyls (PCBs) and mercury, with 33 of the animals killed by such chemical pollution in the North Sea and English Channel. The London-based Institute of Zoology found that the deceased porpoises had 31.1 milligrams of PCBs per kilogram of blubber, compared with the 34 animals that suffocated in fishing nets that had 13.6 milligrams.

Chemicals & Allied Products, Chemical Manufacturing, Pollutants produced & recycled, Chemicals, Environmental aspects, Chemical industry

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