GBAF Logo
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
Image depicting the suspended electrical interconnector between France and the UK - Global Banking & Finance Review
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.
sustainability financial community UK economy Investment opportunities

(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

What 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.
What 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.
What 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.
What 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.

Tags

Related Articles

Image for Price Isn’t Everything: Payment Options a Deciding Factor for B2B Buyers in Europe

Price Isn’t Everything: Payment Options a Deciding Factor for B2B Buyers in Europe

Image for The Optionality Trap—Why Too Much Flexibility Is Slowing Business Decisions

The Optionality Trap—Why Too Much Flexibility Is Slowing Business Decisions

Image for Why More Choices Are Slowing Businesses Down

Why More Choices Are Slowing Businesses Down

Image for Why More Output Isn’t Translating Into Better Results

Why More Output Isn’t Translating Into Better Results

Image for The Reversibility Problem—Why Businesses Hesitate Even When They Know the Answer

The Reversibility Problem—Why Businesses Hesitate Even When They Know the Answer

Image for The Alignment Illusion—Why Companies Agree on Strategy but Fail in Execution

The Alignment Illusion—Why Companies Agree on Strategy but Fail in Execution

More from Business

Explore more articles in the Business category

Image for Attention Is the New Competitive Advantage
Attention Is the New Competitive Advantage
Image for The Quiet Strategy Separating Winning Businesses From the Rest
The Quiet Strategy Separating Winning Businesses From the Rest
Image for The One Habit That Separates Growing Businesses from the Rest
The One Habit That Separates Growing Businesses from the Rest
Image for The Overlooked Edge That Matters More Than Strategy
The Overlooked Edge That Matters More Than Strategy
Image for The Hidden Pattern Behind Business Success
The Hidden Pattern Behind Business Success
Image for The Power of Pricing: How Smart Pricing Strategies Drive Profitability and Growth
The Power of Pricing: How Smart Pricing Strategies Drive Profitability and Growth
Image for Why Customer Experience Now Defines Success
Why Customer Experience Now Defines Success
Image for The New Cost Playbook: Why Strategic Spending Matters More Than Cutting Costs
The New Cost Playbook: Why Strategic Spending Matters More Than Cutting Costs
Image for The Trust Economy: Why Credibility and Transparency Are Driving Business Success
The Trust Economy: Why Credibility and Transparency Are Driving Business Success
Image for The Hidden Profit Engine: Why Operational Efficiency Is Redefining Business Performance
The Hidden Profit Engine: Why Operational Efficiency Is Redefining Business Performance
Image for Built to Withstand: Why Resilience Is Now the Foundation of Sustainable Business Growth
Built to Withstand: Why Resilience Is Now the Foundation of Sustainable Business Growth
Image for The Agility Imperative: How Fast-Moving Businesses Are Outpacing the Competition
The Agility Imperative: How Fast-Moving Businesses Are Outpacing the Competition
View All Business Posts