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Toshiba had been trying to shed the troubled assets that could have exposed the Japanese company to future losses. The decision to liquidate NuGen, however, would be a blow to Britain’s plans to build a nuclear plant that was meant to provide 7 percent of the country’s electricity best luxury cufflinks uk sale. NuGen said 18 months of negotiations with a range of potential owners had failed to yield any deal, and that it was now up to the British government and the Nuclear Decommissioning Authority to determine the future of the Moorside site in Cumbria..
South Korea’s state-run Korea Electric Power Corp (KEPCO) (015760.KS) had been in talks with Toshiba to buy a stake in NuGen. South Korea’s energy ministry said on Thursday it will coordinate with the British government and monitor the liquidation process with KEPCO. Toshiba said it will sell the LNG business to ENN Ecological Holdings (600803.SS), a unit of Chinese gas company ENN Group. It has spent years trying to either sell the gas to power customers or offload the business after signing a 20-year contract to buy LNG from Freeport in a venture announced in 2013. Asian LNG prices LNG-AS have plunged 42 percent in the past five years, raising fears of future losses best luxury cufflinks uk sale.
(Reuters) – D.R. Horton (DHI.N) shares fell more than 10 percent after the largest U.S. homebuilder forecast first-quarter home sales below analysts’ estimates on Thursday, the latest sign that rising mortgage rates and higher home prices are weighing on the housing market. The weakness in shares also hit other homebuilders’ stocks. PulteGroup (PHM.N) fell 6 percent, while Lennar (LEN.N) was down 4 percent. The housing market has been a weak spot in a robust U.S. economy, with economists blaming the sluggishness on rising mortgage rates, which have combined with higher house prices, to make home purchasing unaffordable for some buyers best luxury cufflinks uk sale.
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Demand is holding up in the less expensive category, but homebuilders have not been able to boost supplies as they have been held back by scarce labor, limited lot supplies and rising raw material costs. Single-family homebuilding, which accounts for the largest share of the housing market, has lost momentum since hitting a pace of 948,000 units last November, which was the strongest in more than 10 years best luxury cufflinks uk sale. D.R. Horton said on Thursday it expects first-quarter home deliveries in the range of 11,000-11,500 units, below analysts’ average estimate of 11,852 homes, according to IBES data from Refinitiv..