Broker tells investors to sell EDF shares because of Hinkley Point costs

Investec Securities has 'long-term concerns' about financial strain the 18bn nuclear project will put the French energy group under

A leading City broker has called on investors to sell their shares in EDF, saying it has "long-term concerns" about the financial stresses on the French energy group from the 18bn Hinkley Point C nuclear project in Somerset.

The sell note from Investec Securities comes a day after EDF signed a deal with China General Nuclear Corporation and said it would start work within weeks on the UK's first new nuclear plant for 20 years.