Centrica and UK government boost nuclear energy with Sizewell C approval and investment
Centrica's shares rose about 4.5% after announcing a £1.3 billion investment and a 15% stake in the Sizewell C nuclear project in the UK, which is expected to significantly boost the country's nuclear energy capacity. The deal includes protections against delays and cost overruns, with an anticipated exit share value of around £3 billion. Meanwhile, UK government bonds fell due to higher-than-expected public borrowing in June, and global markets experienced mixed movements amid trade tensions and record highs in US stocks.