Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >France-UK electrical interconnector suspension extended, operator says
    Business

    France-UK Electrical Interconnector Suspension Extended, Operator Says

    Published by Uma Rajagopal

    Posted on December 16, 2024

    1 min read

    Last updated: January 28, 2026

    Add as preferred source on Google
    This image illustrates the ongoing suspension of the France-UK electrical interconnector due to cable damage, as reported by Getlink. It highlights the commercial impact on the banking and finance sector until February 2025.
    Image depicting the suspended electrical interconnector between France and the UK - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityfinancial communityUK economyInvestment opportunities

    Quick Summary

    (Reuters) – The electrical interconnector between France and Britain will stay suspended until February 2025 due to a damaged cable, channel operator Getlink said on Monday.

    (Reuters) – The electrical interconnector between France and Britain will stay suspended until February 2025 due to a damaged cable, channel operator Getlink said on Monday.

    The service was first suspended on Sept. 25. The expected return of service is now expected on Feb. 10.

    Getlink, which runs the undersea tunnel connecting France to the UK, expects an additional commercial impact of around 11 million euros ($11.56 million) until the end of this year, and an impact of 30 million for the first six weeks of 2025.

    The group reiterated its core profit targets for 2024.

    ($1 = 0.9513 euros)

    (Reporting by Gianluca Lo Nostro in Gdansk; editing by Milla Nissi)

    Frequently Asked Questions about France-UK electrical interconnector suspension extended, operator says

    1What is a damaged cable?

    A damaged cable refers to a physical impairment in an electrical cable that disrupts its ability to transmit electricity, potentially leading to outages or reduced service capacity.

    2What is commercial impact?

    Commercial impact refers to the effect that an event or situation has on a company's financial performance, including revenues, profits, and overall business operations.

    3What are core profit targets?

    Core profit targets are financial goals set by a company to achieve a specific level of profitability from its primary business operations, excluding non-recurring items or extraordinary expenses.

    4What is a return of service?

    Return of service refers to the expected date or timeline when a service, such as electricity transmission via an interconnector, is anticipated to resume after being temporarily suspended.

    More from Business

    Explore more articles in the Business category

    Image for How Minky Couture Turned Repeat Purchases and NFL Licensing Into a Breakout Consumer Growth Story
    How Minky Couture Turned Repeat Purchases and Nfl Licensing Into a Breakout Consumer Growth Story
    Image for Nominate Now: Chairman of the Year 2026
    Nominate Now: Chairman of the Year 2026
    Image for Submit Your Entry Today for CEO of the Year 2026
    Submit Your Entry Today for CEO of the Year 2026
    Image for Submit Your Entry Today for Best Management Team 2026
    Submit Your Entry Today for Best Management Team 2026
    Image for Nominate Your Team: Best Innovation Management Team 2026
    Nominate Your Team: Best Innovation Management Team 2026
    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    View All Business Posts
    Previous Business PostPutin Accuses West of Pushing Russia to Its "red Lines" Forcing It to Respond
    Next Business PostFactbox-Criteria to Adopt the Euro Currency