• Most Popular
  • Most Shared

UPDATE 1-Ceres gets 2 mln stg from British Gas

Tue Jun 30, 2009 4:37am EDT

Stocks

   

* Sees yr-end cash, short-term investments at 22 mln stg

* Shares rise as much as 1.5 pct (Adds details)

June 30 (Reuters) - Alternative-energy company Ceres Power Holdings Plc (CWR.L) said on Tuesday it received 2 million pounds from British Gas, and that it expected net cash and short-term investments of at least 22 million pounds for its financial year ending June.

Ceres Power said the payment from British Gas was for designing, building and testing several 1 kilowatt grid-connected Combined Heat and Power (CHP) products.

At 0821 GMT, Ceres Power shares were down 0.5 percent at 193 pence on the London Stock Exchange. They rose 1.5 percent earlier in the session. ($1=.6013 Pound) (Reporting by Austin Lobo in Bangalore; Editing by Anne Pallivathuckal)



More from Reuters

Photo

Voicing some optimism, Fed leaves policy on hold

WASHINGTON (Reuters) - The Federal Reserve on Wednesday seized on easing U.S. job losses to voice growing optimism on the economy's prospects, but repeated a vow to keep interest rates unusually low for "an extended period." | Video

» More Top News
An an exit sign is pictured in New York City October 14, 2006. REUTERS/Lucas Jackson
Interview:

No stimulus exit in sight

The man who predicted the fallout from the property bubble says it's still too early to talk about exiting easy money policies. In fact, more stimulus is on the way.  Full Article 

ECONOMY
The tail section of the turboprop MQ-9 Predator B drone is seen on the tarmac at Fort Huachuca, Arizona, December 5, 2006.

Just don't say the D-word

In the high-testosterone world of military jets, the words "drone" and "unmanned aerial vehicle" don't fly. Now there's a new term in town.  Full Article 

AEROSPACE & DEFENSE SUMMIT