|Bid||43.65 x 0|
|Ask||43.68 x 0|
|Day's Range||43.53 - 43.84|
|52 Week Range||37.09 - 43.88|
|Beta (3Y Monthly)||-0.19|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 12, 2019|
|Forward Dividend & Yield||1.40 (3.22%)|
|1y Target Est||33.34|
LONDON/PARIS (Reuters) - French utility Engie and Portugal's EDP said on Tuesday they will invest 15 billion euros ($16.7 billion) with the aim of becoming the world's number two offshore wind developer after Denmark's Orsted. The two utilities, which have no operational offshore wind parks so far, said they will combine their offshore wind assets and project pipelines, starting with a total of 1.5 gigawatts (GW) under construction and 4 GW under development. "From day one, the JV will be among the top five players in this market," Engie CEO Isabelle Kocher said at a press briefing on the new joint venture in London.
FRANKFURT (Reuters) - German utility RWE would consider teaming up with peers and oil companies to make a move in the U.S. wind market, its chief financial officer Markus Krebber said on Wednesday. RWE ...
RWE, Germany's largest electricity producer, on Wednesday, posted higher-than-expected profit for the first quarter, boosted by its volatile commodity trading unit. On a standalone basis, which excludes operational contributions from its Innogy subsidiary, RWE's first-quarter adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) surged 70% to 510 million euros (443 million pounds). "This was due to the strong performance of trading business, which improved considerably compared to the weak first-quarter of 2018," RWE said in a statement, also confirming plans to pay a dividend of 0.80 euros per share for 2019.
German energy group Innogy, which is being broken up by parent RWE and rival E.ON, on Tuesday said operating profit fell more than a fifth in the first quarter as it continued to lose customers in Britain. "In the company's UK retail business ... the persistently poor market environment resulted in a decline in customer numbers," Innogy said on Tuesday, keeping its 2019 outlook. In Britain, Innogy lost 103,000 customers in the first three months.
E.ON Chief Executive Johannes Teyssen on Tuesday proposed a carbon dioxide tax of 35 euros ($39.34) a tonne that would widen the burden-sharing for climate protection to big emitters such as transport and heat provision. The energy industry has met its CO2 reduction targets, mostly thanks to the EEG that pays for carbon-free wind and solar power supply.
FRANKFURT (Reuters) - Innogy has been approached by third parties about its ailing British unit Npower, for which it is considering all strategic options, its finance chief said on Tuesday, adding the ...
FRANKFURT/LONDON (Reuters) - E.ON and Centrica, two of Britain's so-called "big six" energy providers, warned on Monday of a toughening retail market, raising the chance of cost cuts in response to falling profits. Britain's major energy utilities have faced competition from small, more flexible rivals entering the fray while the government has put a cap on electricity prices, causing several companies to cut their earnings outlooks. "We will have to talk to the regulator," E.ON finance chief Marc Spieker told journalists on Monday after reporting first-quarter results and flagging cost cuts at its British unit, where profits fell by 60 percent.
British energy supplier Pure Planet, in which oil giant BP has a 25 percent stake, has cut its average annual dual gas and electricity price by 2.4 percent, it said on Wednesday. The cut is the company's second price drop this year and comes after all of the country's 'big six' suppliers raised their average prices around 10 percent in April in line with an increase in the energy regulator's price cap.
The steady decline of British wholesale gas prices shows no sign of reversing this summer, which should provide some relief to households when it is reflected in a lower price cap on energy tariffs this autumn. A cap on default electricity and gas bills - a flagship policy of British Prime Minister Theresa May to end what she called "rip-off" prices - came into force in January to set a maximum price suppliers can charge consumers on certain tariffs. Energy market regulator Ofgem said it would remove around 1 billion pounds of overcharging from consumer bills by forcing suppliers to limit the price of their default tariffs to the level of the cap, or below.
DUESSELDORF (Reuters) - A consortium of investors managed by Macquarie Infrastructure and Real Assets has bought the rest of Innogy Grid Holding for around 1.8 billion euros (£1.55 billion), previous owner ...
(Reuters) - British energy company SSE Plc has approached companies including broadband provider TalkTalk Telecom Group about a deal to sell its household supply unit, Sky News reported http://bit.ly/2Lm9c2T ...
The number of British customers switching energy supplier in the first quarter of 2019 rose by 12 percent compared with the same period last year, data from industry group Energy UK showed, despite a government price cap which began in January. Energy regulator Ofgem was told by parliament last year to set the price limit after lawmakers said customers on the most commonly used standard tariffs were being overcharged for electricity and gas. Prime Minister Theresa May had called the tariffs a "rip-off".
Adjusted profit before tax for the financial year ended March 31 is expected to be towards the lower end of its prior forecast of about 56 million pounds, the company said. Telecom Plus reported an adjusted profit before tax of 54.3 million pounds in 2018. Shares of Telecom were down 2.8 percent at 1448 pence by 0713 GMT.
The table below details the building plans of Germany's power plant owners and operators, based on information gathered by industry association BDEW and presented at the annual Hannover industrial fair ...
FRANKFURT (Reuters) - German energy group E.ON will have to compensate RWE for a lower-than-expected dividend Innogy plans to pay for 2018, RWE's finance chief told analysts on Thursday. Last year, E.ON ...
FRANKFURT/ESSEN, Germany (Reuters) - Utility RWE is sticking with its coal power plants, its chief executive said on Thursday, holding out for more compensation under a German landmark plan to abandon the fuel in exchange for payments. Under proposals hammered out by a government-appointed commission earlier this year, Germany is to fully phase out coal as an energy source by 2038, hitting operators of such plants including RWE, Germany's largest electricity producer. The plan foresees that 3 gigawatts (GW) of lignite capacity need to be shut down by 2023 in Germany, a move that could cause 2,700 job losses at RWE, CEO Rolf Martin Schmitz said at the group's annual press conference.
FRANKFURT/ESSEN, Germany (Reuters) - E.ON's planned acquisition of the retail and network activities of RWE subsidiary Innogy could take longer should Britain leave the European Union without a deal, RWE's ...
FRANKFURT/ESSEN, Germany (Reuters) - Innogy's struggling British arm npower could be wound down, sold or merged with the local business of rival E.ON, its finance chief said on Wednesday, as a turnaround of one of the UK's big six energy providers is not yet in sight. Npower has been restructuring for years, hit by technical problems related to billing, rivals eating into its market share and a price cap on tariffs imposed by British regulators. The unit may end up with German rival E.ON, which last year agreed a deal to break up Innogy with its German parent RWE, but a major restructuring or sale could happen before the transaction is expected to close later this year.