The sale of the farm, fi ve miles off the Skegness coast, to the UK Green Investment Bank and its offshore wind fund, will generate about £220million for Centrica.
Siemens Project Ventures has sold its 25 per cent share, while the remaining joint venture partner, Dong Energy, retains its quarter.
Centrica will still buy power from renewable energy sources.
Lavendon is on high
Plant hire company Lavendon showed why it is coveted as it expects to beat annual profit expectations.
French industrial equipment group Loxam and Belgian rival TVH want to buy the supplier of aerial platforms – known as cherrypickers.
TVH’s latest 261p-a-share offer values Lavendon at £444million. Lavendon said its annual rental revenue increased by 8 per cent, including growth of 9 per cent in the UK and 16 per cent in the Middle East.
Chief executive Don Kenny said: “The group is well placed to build on the momentum and to make further progress.”
Aim hits the mark
London Stock Exchange boss Xavier Rolet hailed its junior Aim market “a jewel in the crown” as it has helped smaller growth companies to raise £100billion.
Aim, home to 3,500 UK and international firms since launching in 1995, saw share prices of the 38 companies that floated last year, which included Joules, Hotel Chocolat and Time Out Group, rise by nearly 40 per cent on average.
New companies raised a record average of £30million over £5million a decade ago.
Rolet said Aim is “fulfilling its promise to fund the real economy”.
Small firms cut loans
Small firms are shunning borrowing, heightening concerns that Brexit is making them more cautious.
The Bank of England’s survey found demand for corporate lending from small and medium companies fell “significantly” in the fourth quarter.
Demand for lending from small firms is expected to drop again until April, with a slight increase for medium businesses.
The Bank said: “Falls in capital investment and commercial real estate were the main factors.”