Thursday 17 March 2011

FT Alphaville » The unintended consequences of the nuclear scare

This is just the start of it, and one tiny aspect of the rapidly widening impact of Japan’s worsening nuclear crisis.

Not only did the failed attempts by Tepco, operator of Japan’s cripplied Fukushima nuclear power plants, to cool down over-heating fuel rods spark a selloff in global stock markets. Investor fears of the widening impact of a potential disaster at the plants is hitting demand for new equity.

That, in turn, caused French publishing group Lagardere to delay the initial public offering of its Canal Plus France stake and, according to Bloomberg. is now weighing onplans by commodities trader Glencore for an IPO.


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