|Bid||1,356.00 x 401200|
|Ask||1,357.00 x 27500|
|Day's Range||1,340.00 - 1,356.95|
|52 Week Range||1,326.00 - 1,578.00|
|PE Ratio (TTM)||8.57|
|Forward Dividend & Yield||1.17 (6.17%)|
|1y Target Est||N/A|
Announcement: Moody's: UK energy prices to decline through 2022 as gas prices, demand falls and cheap imports rise. Global Credit Research- 22 Nov 2017. London, 22 November 2017-- Falling gas prices, low-cost ...
LONDON (Reuters) - British utility Centrica (CNA.L) is not considering a spin-off of its British retail energy arm, CEO Iain Conn said on Monday. "We believe we can have an attractive energy business ...
The following are the top stories on the business pages of British newspapers. * Prudential Plc is scaling up its ambitions in Asia with plans to open a fund management venture in China and to double in size in the region every few years. * The chief executive designate of GKN, Kevin Cummings, has been ousted from the FTSE 100 company weeks before he was due to take up the top job at the aerospace and engineering firm.
Today we’re going to take a look at the well-established SSE plc (LSE:SSE). The company’s stock maintained its current share price over the past couple of month on the LSE,Read More...
German energy group Innogy (IGY.DE) will at some point pull out of the planned British retail supply joint venture with peer SSE (SSE.L), its chief executive said. Last week, the two groups announced plans to merge and list their British retail units to better compete with smaller rivals and reap badly-need synergies in a market with razor-thin margins. Innogy will hold a 34.4 percent stake in the combined entity, with SSE to own the rest, but Innogy Chief Executive Peter Terium said this structure would not last forever.
The London sewer network is to be co-opted to improve broadband speeds for companies in the capital after Thames Water struck an agreement with SSE Enterprise Telecoms to open up its Victorian-era tunnels ...
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to SSE Plc Here are 5 ETFs with the largest exposure to SSE-GB. Comparing the performance and risk of SSE Plc with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker Fund Name ... Read more (Read more...)
FRANKFURT (Reuters) - German energy group Innogy (IGY.DE) is regularly reviewing strategic options for its assets, its chief financial officer said, responding to a question on whether the group ever discussed ...
German utility Innogy (IGY.DE) cut 480 million euros (£427 million) off the value of its British electricity and gas supply business npower on Monday, warning more impairment charges could come after this month's deal to merge the unit with rival SSE's (SSE.L) bigger retail arm. Power suppliers in Britain have been under pressure from the emergence of small and aggressive rivals as well as being threatened by a price cap on retail prices proposed by Prime Minister Theresa May's government. "For some time now our business in the UK is facing immense competition and regulatory risks.
Categories: Yahoo FinanceGet free summary analysis SSE Plc reports financial results for the half-year ended September 30, 2017. Highlights Summary numbers: Revenues of GBP 12,184.10 million, Net Earnings of GBP 299.80 million. Gross margins widened from 10.78% to 10.80% compared to the same period last year, operating (EBITDA) margins now 6.83% from 7.28%. Change in operating cash ... Read more (Read more...)
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for SSE Plc. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving Average Bearish 50 ... Read more (Read more...)
The U.K.’s biggest energy providers, under pressure from Prime Minister Theresa May’s plan to cap prices, may see more mergers if the competition watchdog authorizes SSE Plc and Innogy SE’s plan for a ...
FRANKFURT/LONDON (Reuters) - SSE (SSE.L) aims to turn up the heat on top-ranked British Gas with a merger of its UK power and gas retail operations with those of npower, owned by Germany's Innogy (IGY.DE). The roughly 11.5 million customer accounts of the new firm would move SSE closer to Centrica's (CNA.L) British Gas, which has more than 14 million. The company, in which SSE would have a stake of about two thirds, and British Gas would together control more than 50 percent of the market, but Innogy Chief Executive Peter Terium said he was confident British regulators would approve the deal.
FRANKFURT (Reuters) - E.ON (EONGn.DE) has lost about 200,000 customers in Britain so far this year, its chief financial officer told journalists on Wednesday, highlighting the growing challenges it faces ...
LONDON (Reuters) - Britain's SSE (SSE.L) and npower, owned by Germany's Innogy (IGY.DE), announced plans on Wednesday to merge their British retail energy business in a deal that would create the country's ...
German energy group E.ON (EONGn.DE) said operating profit at its retail business fell by more than a third in the first nine months, singling out difficulties in Britain, where key peers announced plans to merge their struggling customer units. Nine-month adjusted earnings before interest and tax (EBIT) at E.ON's customer solutions segment fell by 36 percent to 353 million euros (310.88 million pounds), slightly missing the 362 million average analyst forecast in a Reuters poll. In Britain, where fierce competition and a looming cap on prices have eroded margins and caused established power retailers to bleed customers, adjusted EBIT fell 37 percent to 144 million euros for a profit margin of 2.8 percent.
Generally, companies in the utilities sector, such as National Grid and SSE, often provide attractive dividend yields due to relatively stable earnings as these are considered defensive sectors that canRead More...
LONDON/FRANKFURT (Reuters) - British utility SSE (SSE.L) and German rival Innogy (IGY.DE) are in talks about merging their UK retail energy businesses to create a company that would challenge British Gas as the country's largest power supplier. A tie-up would come at a time when Britain's established energy companies are losing market share to smaller challengers and face the prospect of a government-imposed cap on prices. SSE said on Tuesday the talks were about merging its household energy supply and services business with Innogy's UK supply business npower, sending SSE shares more than 3 percent higher and Innogy's up 1.6 percent.
SSE Plc struck a deal to create a new energy company with Innogy SE in what will be the biggest shakeup of the industry in more than a decade.
DUESSELDORF/FRANKFURT (Reuters) - German energy group Innogy (IGY.DE) could sell its troubled British retail business Npower, or combine it with a local rival, four people familiar with the matter said, in a move that would end years of cost-cutting and losses. Npower, one of Britain's big six energy retailers, has become a drag on Innogy since billing issues emerged in 2015, pushing the business into loss and leading to thousands of jobs being lost. "Management is no longer willing to accept the losses," one of the people said, adding there were similar strategic discussions taking place at Npower's rivals.
Four British energy companies have urged the government to extend Britain's carbon floor price to be extended into the 2020s, putting them at odds with industrial groups who want it scrapped. UK power generators pay the floor on top of their obligations under EU's Emissions Trading System, which forces companies to surrender one carbon permit for every tonne of carbon dioxide (CO2) they emit. The UK floor price is set at 18 pounds ($24) per tonne until 2021.