Saturday, October 08, 2005
ScottishPower company secretary departs – report
Story: ScottishPower company secretary Andrew Mitchell has left the UK-listed utility company, a report in The Scotsman said. The news comes as ScottishPower announced 450 job losses in the UK, the item said. James Stanley, ScottishPower’s head of legal affairs, will replace Mitchell, the report said, without directly sourcing the information on Mitchell and Stanley.
The job cuts were a result of the GBP 5.1bn (EUR 7.3bn) disposal of ScottishPower’s PacifiCorp subsidiary. The sale has meant that ScottishPower is now in play, with E.ON, the listed German power company, having admitted an interest in the group. ScottishPower has a market capitalization of GBP 10.7bn (EUR 15.5bn).
Source: The Scotsman
Value: £10,709m (ScottishPower market capitalisation)
The job cuts were a result of the GBP 5.1bn (EUR 7.3bn) disposal of ScottishPower’s PacifiCorp subsidiary. The sale has meant that ScottishPower is now in play, with E.ON, the listed German power company, having admitted an interest in the group. ScottishPower has a market capitalization of GBP 10.7bn (EUR 15.5bn).
Source: The Scotsman
Value: £10,709m (ScottishPower market capitalisation)
