Crisis puts brakes on utility growth

December 2008
Utility Week;12/12/2008, Vol. 29 Issue 30, p17
Trade Publication
The article focuses on a pan-European sector review by CreditSuisse which says that utilities reeling from the 2008 financial crisis should expect continued tough trading for the next couple of years. CreditSuisse found that utility share prices had been growing by about 20 per cent a year from 2004 to 2008, but that they had shrunk by about 35 per cent so far this year. The consultancy said utility growth over the past five years had been caused by expansion, which in turn was driven by expectations of higher commodity prices and earnings growth.


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