In London for Hinkley signing ceremony, France's Ayrault defends deal
- World stocks hold near 16-month highs after strong week
- Broadcom Ltd. (AVGO) Tops Q4 EPS by 11c
- Oil edges higher on optimism over non-OPEC output cuts
- Restoration Hardware (RH) Tops Q3 EPS by 4c; Guides Well Below the Street
- Sibanye Gold (SBGL) to Acquire Stillwater Mining Company (SWC) in $2.2B Deal
France Foreign Minsiter Jean-Marc Ayrault (C) arrives at 10 Carlton House Terrace in central London, where representatives from Britain, China, France and energy company EDF will sign an agreement to build and operate a new nuclear power station at Hinkle
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
LONDON (Reuters) - French Foreign Minister Jean-Marc Ayrault, in London to take part in the formal signing ceremony for the Hinkley Point nuclear power plant project, said it was a good deal for Britain and France despite widespread reservations.
"It's a good deal. I know it has raised questions, particularly in France, but it represents an opportunity for the future of an entire industry," Ayrault told reporters just before heading to the ceremony.
New British Prime Theresa May unexpectedly put the Hinkley Point project on hold in July when it was about to be formally signed, citing the need to review the details. She finally approved it two weeks ago.
"Mrs May had taken office and a new prime minister, a new government was perfectly entitled to examine the contents of the agreement," he said, adding he was pleased May had finally approved a deal which would benefit Britain, France and Franco-Chinese nuclear cooperation.
(Reporting by Helen Reid, writing by Estelle Shirbon; editing by Costas Pitas)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Over 1,000 Russian athletes benefited from conspiracy to conceal doping: McLaren report
- Russia to hold additional talks before OPEC, non-OPEC meeting
- Britons see higher inflation and interest rates in 2017: BoE survey
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!