|Bid||7.016 x 863400|
|Ask||7.019 x 9000|
|Day's Range||6.999 - 7.022|
|52 Week Range||4.800 - 7.066|
|PE Ratio (TTM)||16.99|
|Earnings Date||Jul 20, 2017|
|Dividend & Yield||0.31 (4.00%)|
|1y Target Est||N/A|
Q1 2017 Iberdrola SA Earnings Call
A plan by Prime Minister Theresa May's Conservative Party to cap energy prices suggests some in her government do not believe in free markets at a time when it is pinning its post-Brexit hopes on free trade, the head of the country's leading provider said. Shares in Centrica, the owner of British Gas, and SSE, fell sharply on Monday after May's party set out plans to hold down the prices households pay for gas and electricity which have doubled in the last decade.
Spanish power utility Iberdrola is considering merging the operations of two Brazilian companies in which it is a major shareholder and eventually offer shares of the combined companies, newspaper O Estado de S.Paulo said on Tuesday. Neoenergia SA, in which Iberdrola shares control with two government-led investors, and Elektro Redes SA , almost fully owned by the Spanish firm, have kicked off the merger talks a few weeks ago, O Estado said, citing unidentified sources with knowledge of the talks. The merger could pose an opportunity for Brazil's state-controlled bank Banco do Brasil SA and its employee pension fund Previ to sell their stakes in Neoenergia, which is Brazil's largest private power distributor, the paper said.