French nuclear group Areva confirmed Wednesday record net losses in 2014 of 4.8 billion euros ($5.3 billion) after it was forced to absorb costs linked to delays to its flagship next-generation reactor. "The scale of the net loss for 2014 illustrates the two-fold challenge confronting Areva: continuing stagnation of the nuclear operations, lack of competitiveness and difficulties in managing the risks inherent in large projects," chief executive Philippe Knoche said in a statement. Areva has taken a particular hit in the past year from delays in building its Olkiluoto 3 nuclear plant in Finland, as well as difficulties with its renewable energy contracts. The company, which is 87-percent owned by the French state, has suffered in recent years as interest in nuclear power has cooled following the 2011 Fukushima catastrophe in Japan.
By Ahmed Aboulenein, Michael Holden and Simon Falush LONDON (Reuters) - The financial backers of a campaign group that had contact with the man later known as 'Jihadi John' are under pressure from British politicians and a regulator's investigation to explain why they gave it several hundred thousand pounds. The Joseph Rowntree Charitable Trust, a Quaker foundation, and The Roddick Foundation, set up by the late founder of beauty retailer Body Shop, are among those now being asked how they came to fund Cage, a small activist group that called Mohammed Emwazi, killer of American, British and Syrian hostages, a once "beautiful young man". "I condemn anybody who attempts to excuse that barbarism away in the way that has been done by Cage," British interior minister Theresa May told parliament in response to the comment by Cage's research boss Asim Qureshi to media last week. Cage was set up by a group of London Muslims with the aim of supporting British suspects being held by the United States in Guantanamo Bay.