More bad news for British Energy (BE), the UK's biggest nuclear electricity generator (when their creaking fleet of reactors actually happen to produce any power, that is). They've discovered that faults unearthed at two of their reactors pose more of a "complex issue" than previously thought and so the reactors are going to be offline for the foreseeable future. This news sent BE's shares tumbling by 10 per cent. Or as The Independent put it shares "went into meltdown".
A few weeks back BE announced that during a routine inspection "an issue related to a wire winding" was found in the boiler of the reactor unit at Hartlepool nuclear power station. This was rather unexpected and BE, as a Daniel come to judgement, took what it described as "a conservative decision" and shut the reactor at Hartlepool, as well as its sister unit at Heysham 1. Just as a precaution. Things were expected to be ship shape and bristol fashion very soon, so don't panic Mr Mainwaring. Indeed.