SCT.F - SSE plc

Frankfurt - Frankfurt Delayed Price. Currency in EUR
12.39
-0.05 (-0.44%)
At close: 8:08AM CEST
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Previous Close12.44
Open12.39
Bid12.56 x 200000
Ask12.74 x 200000
Day's Range12.39 - 12.39
52 Week Range11.38 - 16.16
Volume400
Avg. Volume1,187
Market Cap13.003B
Beta (3Y Monthly)0.60
PE Ratio (TTM)41.30
EPS (TTM)0.30
Earnings DateN/A
Forward Dividend & Yield1.12 (9.41%)
Ex-Dividend Date2019-07-25
1y Target EstN/A
  • Reuterslast month

    SSE earnings drop, outlook unclear on Labour nationalisation threat

    While a British election is not due until 2022, and opinion polls show the main opposition party falling short of a governing majority, Labour laid out plans this month to offer shareholders less than current market value under a future nationalisation. SSE's chief executive said there was huge uncertainly over Labour's plans and a question mark over whether they would even achieve a majority in parliament to enact the strategy if they were to get into power. Energy regulator Ofgem was told by parliament last year to cap energy prices after lawmakers said customers were being overcharged for electricity and gas.

  • Reuters2 months ago

    Energy firm SSE to cut jobs as competition, energy price cap bite

    Britain and Ireland's largest trade union Unite said SSE would cut 444 jobs, or around 5 percent of employees, in its retail business, blaming a lack of interest from customers for the smart meter devices that could help cut energy emissions. Britain has a goal to roll out around 50 million smart meters to almost 30 million homes by the end of 2020. "Like a number of suppliers, we are facing challenges due to competition increasing, the introduction of the energy price cap and higher operating costs," Chief Operating Officer and Co-Head of Retail, at SSE Energy Services Tony Keeling, said.

  • Reuters2 months ago

    Britain's SSE approaches firms over deal to shed retail arm - Sky News

    (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 ...

  • Reuters5 months ago

    SSE cuts annual profit outlook on halted capacity market payments

    A European Union court ruling last year forced Britain to halt payments under its capacity market scheme, which pays power generators to be available in times of high demand. Ofgem said this week the cap on prices would rise by more than 10 percent from April 1.

  • Reuters5 months ago

    SSE to sell stake in Stronelairg, Dunmaglass wind farms in Scotland

    British energy supplier SSE has agreed to sell nearly half of its stake in the Stronelairg and Dunmaglass wind farms in Scotland to renewables fund Greencoat UK Wind and a UK pension fund for 635 million pounds ($832.17 million). SSE will sell its 49.9 percent stake in the wind farms but will continue to hold the remaining 50.1 percent majority stake and continue to operate both assets. Greencoat UK Wind, an infrastructure fund managed by Greencoat Capital, is buying the stake in partnership with a large unnamed UK pension fund whose investment is managed by Greencoat.

  • Reuters6 months ago

    SSE weighs options as Innogy UK retail merger collapses

    FRANKFURT/BENGALURU/LONDON (Reuters) - SSE (SSE.L) and Innogy (IGY.DE) scrapped plans to merge their British energy retail operations on Monday after the industry regulator proposed a cap on consumer bills, leaving SSE searching for new options for its struggling business. This now at least clears the way for German utility E.ON (EONGn.DE) to consolidate Innogy's loss-making British Npower division it will receive as part of a bigger breakup deal with Innogy's parent RWE (RWEG.DE). SSE and Innogy had warned last month the deal, which would have created Britain's second biggest retail power provider behind Centrica's (CNA.L) British Gas, would be delayed.

  • SSE to consolidate renewables business as profits dive
    Reuters7 months ago

    SSE to consolidate renewables business as profits dive

    The move comes as SSE reported a 41 percent slump in adjusted pre-tax profit, as losses widened at its energy supply business. The new company, to be known as SSE Renewables, will comprise around 4 gigawatts (GW) of SSE's existing renewable assets such as hydropower, onshore wind and several stakes in offshore wind projects. SSE said it had begun looking at potential opportunities for onshore and offshore wind investments outside the UK and Ireland.

  • Reuters7 months ago

    PRESS DIGEST- Financial Times - Nov 9

    The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Martin Sorrell closes in on second deal since leaving WPP ...

  • Reuters8 months ago

    SSE, Innogy in talks to change terms of British retail energy tie-up

    BENGALURU/FRANKFURT (Reuters) - Energy supplier SSE Plc (SSE.L) and Innogy SE (IGY.DE) are discussing changes to the terms of a planned tie-up of their British retail units, after Britain's regulator proposed a price cap on default energy bills. SSE, whose deal with Innogy would create the UK's second-largest retail power provider, said it was likely that the completion of the deal would be delayed beyond the first quarter of 2019. Innogy said adjustments could include additional direct or indirect financial contributions by each party.

  • Reuters9 months ago

    SSE to take full ownership of Scottish offshore wind venture

    SSE said it would take full ownership of the offshore wind projects being developed by Seagreen and purchase Fluor's 50 percent stake in the venture for 118 million pounds. Seagreen's offshore wind projects are located in Scottish waters in the outer Frith of Firth and Frith of Tay.

  • Should You Be Tempted To Sell SSE plc (LON:SSE) At Its Current PE Ratio?
    Simply Wall St.9 months ago

    Should You Be Tempted To Sell SSE plc (LON:SSE) At Its Current PE Ratio?

    This analysis is intended to introduce important early concepts to people who are starting to invest and want to learn about the link between company’s fundamentals and stock market performance.Read More...

  • SSE plc (LON:SSE) Delivered A Better ROE Than The Industry, Here’s Why
    Simply Wall St.9 months ago

    SSE plc (LON:SSE) Delivered A Better ROE Than The Industry, Here’s Why

    The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to begin learning the link betweenRead More...

  • Reuters9 months ago

    SSE, Npower name Martin Read as chairman designate for UK retail tie-up

    Read is a former chairman of Laird Plc and will begin his role after the merger of SSE's retail power unit and German-listed Innogy's Npower. The appointment comes a month after the two energy utilities received provisional approval for the deal from Britain's Competition and Markets Authority.

  • Reuters9 months ago

    Higher gas prices and hot summer take wind out of SSE's sails

    Britain's second largest energy supplier said it expected profit to halve in the six months to the end of September compared to the same period a year ago. "Lower than expected output of renewable energy and higher than expected gas prices mean that SSE's financial performance in the first five months has been disappointing and regrettable," Chief Executive Alistair Phillips-Davies said. It said its wholesale business would show an adjusted operating loss for the six months to the end of September, driven largely by problems with the cost of power supplies and generation.

  • Bloomberg10 months ago

    Big Six U.K. Energy Suppliers to Shrink to Five as Merger Passed

    Britain’s “Big Six” energy suppliers are set to become five after the merger of SSE Plc and Innogy SE’s retail units was provisionally approved by the Competition and Markets Authority. The new provider will be Britain’s second-biggest and worth about 2.6 billion pounds ($3.4 billion), according to RBC Europe Ltd. estimates. The CMA’s in-depth review of the merger follows a separate investigation into energy market competition, which found that 70 percent of customers at the six largest energy firms were on so-called standard variable tariffs, the most expensive deals.

  • European Utilities Drop as SSE Warns Dry Weather to Hit Profit
    Bloomberg11 months ago

    European Utilities Drop as SSE Warns Dry Weather to Hit Profit

    European utilities fell after U.K. energy company SSE Plc said the dry, mild weather that cut quarterly profit could hurt full-year results. SSE, the second-worst performer, fell the most since May and U.K. energy supplier Centrica Plc slumped for a fifth day. “We expect SSE to be off on this news this morning,” John Musk, utilities analyst at RBC Europe Ltd said.

  • Reuters11 months ago

    SSE loses more customers on pricing competition

    Shares of the Perth, UK-based company fell about 2.6 percent in early trading on the London Stock Exchange, and were among the top percentage losers on the UK bluechip index (.FTSE). The so-called "Big Six" legacy energy suppliers in the UK, including SSE, also face a proposed cap on retail prices by Prime Minister Theresa May's government. Warmer weather and higher costs reduced adjusted operating profit by about 80 million pounds in the quarter, the company said, adding that it could impact its full-year results.