European Close: Freenet Takes Stake in Sunrise

The video discusses a mixed day in European markets, with the Footsie declining while other major markets gained. The stock 600 industry groups mostly rose, except for oil, gas, media, real estate, and healthcare. Travel and leisure were the best performers. A chart shows a divergence between stock 600 valuation and EPS estimates, with stocks rising despite falling EPS estimates. Sunrise Communications saw a 6% rise after Germany's Freenet acquired a stake. EDF shares rebounded by 10% amid speculation about the Hinkley Point nuclear project, following the CFO's resignation over financial concerns.

What recent decision is EDF planning to make regarding the nuclear power plant?

What concerns were raised about the Hinkley Point Power plant project?