|Bid||1,320.00 x 401200|
|Ask||1,360.00 x 27500|
|Day's Range||1,329.86 - 1,352.50|
|52 Week Range||1,176.50 - 1,511.04|
|PE Ratio (TTM)||10.00|
|Forward Dividend & Yield||0.92 (6.80%)|
|1y Target Est||1,425.00|
LONDON (Reuters) - British utility SSE (SSE) plans to enter its Seagreen wind project that lies off the coast of Scotland into Britain's auction for renewable subsidies next year, it said on Wednesday. ...
E.ON will raise prices for British customers taking both gas and electricity by 4.8 percent from Aug. 16, the German utility said on Tuesday, the last of the "big six" energy suppliers to increase its tariffs. The move follows similar increases announced this year by the other five big suppliers in the country, and comes as regulator Ofgem is working to set a cap on standard prices by the end of the year. Utilities have denied overcharging, but the Competition and Markets Authority found they had overcharged some British households a total of 1.4 billion pounds a year on average from 2012 to 2015, prompting the government to act.
Britain's dominant energy companies have been under scrutiny by the government, which is putting a price cap on standard variable tariffs to combat what it has called "rip off" energy prices. Energy regulator Ofgem said the cap should be in place by the end of the year.
SSE plc (LSE:SSE) is trading with a trailing P/E of 16.6x, which is higher than the industry average of 13.5x. While SSE might seem like a stock to avoid orRead More...
Britain's energy regulator plans to force companies to pay compensation to customers facing problems when switching supplier, in a bid to encourage more people to make the change. Customers could be paid at least 30 pounds ($40.15) for any issue faced, such as lengthy delays in any repayment or incorrect billing, under proposals launched by regulator Ofgem on Tuesday. The Competition and Markets Authority (CMA) found households overpaid 1.4 billion pounds a year from 2012 to 2015 because of uncompetitive standard tariffs, prompting the government to encourage people to switch supplier.
Britain's competition regulator on Tuesday set out more detail about what it intends to examine in its investigation of the tie-up between the retail power units of energy companies SSE (SSE.L) and Innogy’s (IGY.DE) Npower. The Competition and Markets Authority (CMA) said earlier this month it had launched in-depth investigation into the tie-up between the companies, saying it may reduce competition and increase prices for some households. The CMA will also consider any implications arising from plans for a larger asset swap between Innogy’s parent company RWE (RWEG.DE) and E.ON (EONGn.DE), which also has a British retail energy business.
"While electricity tariffs increased to recognise rising non-energy costs, overall profits were also impacted by customer account losses and the introduction of price caps for certain customer groups, offset by ongoing efficiency savings," the company said. Adjusted operating profit at its network business, which includes power transmission and distribution, fell 25.8 percent to 195.6 million pounds, mainly due to the phasing of capital expenditure on significant projects. The country's second-biggest energy supplier said adjusted earnings per share fell to 121.1 pence from 125.7 pence a year ago, but was marginally ahead of company's prior guidance range of 116 to 120 pence.
Britain's Marks & Spencer (MKS.L) said on Monday it had appointed Katie Bickerstaffe, the former Dixons Carphone (DC.L) executive, as a non-executive director, adding more retail experience to its board. Bickerstaffe is currently chief executive designate of the new British energy supply and services company that will be created by the proposed merger of SSE (SSE.L) and Innogy (IGY.DE). Until April she was CEO of Dixons Carphone's UK and Ireland business.
FRANKFURT (Reuters) - E.ON (EONGn.DE) has the right to walk away from an agreed deal to break up Innogy (IGY.DE) should it sell single assets worth more than 150 million euros ($179 million) or assets ...
FRANKFURT/DUESSELDORF (Reuters) - Innogy (IGY.DE) CEO Uwe Tigges acknowledged on Monday that staff are leaving ahead of a merger that will see parent RWE (RWEG.DE) and rival E.ON (EONGn.DE) split up the German energy company. "Yes, it is something we are observing," Tigges said, not giving any numbers but underscoring the importance of assuring senior staff and younger talent about their future prospects. The deal to split up of Innogy's renewables, networks and retail operations has sparked fears among management and workers, who fear they might have to bear the brunt of up to 5,000 job cuts E.ON is planning as part of the asset swap.
Britain's dominant energy companies have been under scrutiny by the government, which is putting a price cap on standard variable tariffs to combat what it has called "rip off" energy prices. The rise represents a 64 pound increase on annual bills and a direct debit customer on the tariff will typically pay 1230 pounds ($1,664) a year.
British regulators have launched an in-depth investigation into the tie-up between the retail power unit of SSE Plc and Npower, owned by Germany's Innogy, saying it may reduce competition and increase prices for some households. The merger would create Britain's second-largest retail power provider and reduce the "Big Six" dominating the market to five companies when they are already facing political scrutiny for their tariffs and pressure from smaller rivals. It also comes as German energy giants RWE and E.ON plan to carve up Innogy.
LONDON/OSLO (Reuters) - Statoil is working with its partner SSE (SSE.L) to develop the Dogger Bank offshore wind project so it can take part in Britain's renewable energy subsidy auction in 2019, the company said on Friday. The planned 4.8 gigawatt (GW) Dogger Bank project, which has approval from the British authorities, is set to become the world's largest offshore wind park and could deliver more than five percent of Britain's electricity needs, Statoil Executive Vice President Irene Rummelhoff said in London.
Britain's competition watchdog said the planned merger of SSE's (SSE.L) retail power and gas business in the UK with Npower, owned by German rival Innogy (IGY.DE), could lead to higher prices for customers and warrants further scrutiny. The watchdog said the merger would be referred for a longer Phase 2 investigation unless the parties offer acceptable undertakings to address the competition concerns. "We know that competition in the energy market does not work as well as it might," said Rachel Merelie, senior director at the Competition and Markets Authority (CMA).
Investors pursuing a solid, dependable stock investment can often be led to SSE plc (LSE:SSE), a large-cap worth UK£13.39B. Doing business globally, large caps tend to have diversified revenue streamsRead More...
I am going to run you through how I calculated the intrinsic value of SSE plc (LSE:SSE) using the discounted cash flow (DCF) method. If you want to learn moreRead More...
Britain's Co-operative Energy will buy fellow energy supplier Flow Energy, the two companies said on Tuesday, with the smaller firm warning it would have struggled under the government’s looming price cap. Flow Energy, the main business of Flowgroup (FLOWF.L), which is listed on London Stock Exchange's AIM junior market, will be sold for 9.25 million pounds ($13.10 million), FlowGroup said. Flow Energy has around 130,000 customers and is one of the more than 50 suppliers challenging Britain's big six energy providers - Centrica's (CNA.L) British Gas, SSE (SSE.L), E.ON (EONGn.DE), EDF Energy (EDF.PA), Innogy's (IGY.DE) Npower and Iberdrola's (IBE.MC) Scottish Power.
Britain has rebuffed calls from the gas industry for an urgent review of the country's gas storage capacity after a cold snap this month triggered warnings of supply shortages and gas prices spiked to their highest in at least a decade. Operators of gas storage sites, industries reliant on gas and developers of new storage projects have been asking for an inquiry since November, following the closure of the Rough site that provided 70 percent of Britain's gas storage capacity. The government says it is up to the market to determine whether it makes sense to invest in new gas storage and if there are any supply shortages, prices will rise sufficiently to attract more gas from elsewhere.
SSE plc (LSE:SSE) delivered an ROE of 24.14% over the past 12 months, which is an impressive feat relative to its industry average of 8.01% during the same period. Superficially,Read More...
LONDON (Reuters) - SSE's (SSE.L) Aldbrough gas storage site in Britain will close for maintenance from May 9 to May 23, the company said on Wednesday. The site will have no injection or withdrawl capacity ...