IBE.MC - Iberdrola, S.A.

MCE - MCE Delayed price. Currency in EUR
6.47
-0.07 (-1.13%)
At close: 5:35PM CET
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Previous close6.54
Open6.55
Bid6.45 x 863400
Ask6.54 x 9000
Day's range6.46 - 6.58
52-week range5.53 - 7.30
Volume19,000,774
Avg. volume16,651,456
Market cap40.86B
Beta0.56
PE ratio (TTM)14.81
EPS (TTM)0.44
Earnings date22 Feb 2017 - 1 Mar 2017
Forward dividend & yield0.40 (4.89%)
Ex-dividend date2017-07-05
1y target estN/A
  • Reuters3 days ago

    Innogy to exit British retail JV with SSE in long term - CEO

    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.

  • Reuters - UK Focus3 days ago

    Innogy to exit British retail JV with SSE in long term - CEO

    German energy group Innogy will at some point pull out of the planned British retail supply joint venture with peer SSE, 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.

  • Reuters - UK Focus5 days ago

    Innogy cuts value of lossmaking UK retail arm npower by $560 mln

    German utility Innogy cut 480 million euros ($560 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 (LSE: SSE.L - news) 's bigger retail arm. "For some time now our business in the UK is facing immense competition and regulatory risks. The goodwill impairment charge, which cuts npower's value by 10.5 percent to 4.08 billion euros, comes less than a week after Innogy and SSE announced plans to merge their UK retail power businesses and list the new entity on the stockmarket.

  • Reuters10 days ago

    UK power market ripe for more mergers after SSE deal

    LONDON/FRANKFURT (Reuters) - A deal to merge the British retail power businesses owned by SSE (SSE.L) and Germany's Innogy (IGY.DE) could pave the way for more industry consolidation as pressures mount on the big suppliers in an increasingly crowded market. SSE and Innogy said on Wednesday they planned to join forces in Britain to create a company with $14 billion (£10.7 billion) in sales, which would reduce the country's "Big Six" energy providers to five if the deal is approved by competition authorities. The new company would be the second largest player in Britain's retail power market with a 23 percent market share, behind Centrica's (CNA.L) British Gas which has 27 percent.

  • Reuters - UK Focus11 days ago

    SSE and Innogy in talks to merge UK retail energy supply businesses

    LONDON/FRANKFURT, Nov 7 (Reuters) - British utility SSE (Amsterdam: UW8.AS - news) and German rival Innogy 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.

  • Reuters - UK Focus11 days ago

    BUZZ- ScottishPower third-quarter customer numbers drop by 120,000

    Iberdrola-owned ScottishPower lost 120,000 customers in the third quarter of the year compared with the same period last year, the Spanish energy group's results showed on Tuesday. ** ScottishPower customer ...

  • Reuters12 days ago

    Innogy looks at sale, partnership for troubled Npower business

    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.

  • Reuters - UK Focus12 days ago

    Innogy looks at sale, partnership for troubled Npower business

    DUESSELDORF/FRANKFURT, Nov 6 (Reuters) - German energy group Innogy 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.

  • Reuters - UK Focus12 days ago

    Britain's SSE says to cut number of customers on poor value energy tariffs

    Britain's SSE said on Monday it will work to cut the number of its customers on standard variable tariffs , which are facing a price cap from Britain's energy regulator. SSE has the highest percentage ...

  • Reuters - UK Focus12 days ago

    European utilities urge EU to raise green energy targets

    Some of Europe's top utilities have called the EU's green energy targets unambitious, urging the bar to be raised in the fight against climate change, a letter seen by Reuters on Monday said. The letter, signed by six companies including Italy's Enel (Swiss: ENEL.SW - news) , Spain's Iberdrola (Amsterdam: ID6.AS - news) and Britain's SSE (LSE: SSE.L - news) , called for the current target of at least 27 percent of European Union energy consumption to come from renewable sources by 2030 to be raised to 35 percent. "The proposed EU binding target of at least 27 percent ... lacks ambition and would slow-down the current rate of renewables deployment in the EU," the letter said.

  • Reuters - UK Focus17 days ago

    Britain's regulator should impose energy price cap despite legal challenge risk - minister

    Britain's energy market regulator Ofgem should use its power to impose an energy price cap despite the risk of a legal challenge by some suppliers, Greg Clark, Britain's secretary of state for Business, Energy and Industrial Strategy, said on Wednesday. Earlier this month, the British government ordered Ofgem to come up with price caps on the retail energy sector, the biggest market intervention since it was privatised almost 30 years ago.

  • Reuters - UK Focus18 days ago

    BUZZ-UK energy regulator says 60 pct of consumers are on worst value tariffs

    Britain's energy regulator Ofgem said 60 percent of consumers are on the worst value tariffs, in its State of the Energy Market 2017 report, published on Tuesday. ** Some 60 pct of British energy consumers ...

  • Reuters - UK Focus24 days ago

    Cost of energy in Britain is too high, independent review finds

    LONDON, Oct (Shenzhen: 000069.SZ - news) 25 (Reuters) - The cost of energy in Britain is too high and is higher than necessary to meet the country's climate change targets, an independent review has found. The review, by Dieter Helm, professor of economic policy at Oxford University, put forward proposals on how to reduce costs in the entire chain of electricity generation, transmission, distribution and supply. The review, commissioned by the government in August, said the prices of oil, gas and coal had fallen significantly since late 2014, contrary to the government's modelling and estimates.

  • Reuters29 days ago

    Exclusive - Iberdrola demanded change at Siemens Gamesa as problems mounted

    Spanish utility Iberdrola (IBE.MC) used its influence to change the management of Siemens Gamesa (SGREN.MC) on Friday after the wind-power joint venture suffered two profit warnings in less than three months. Germany's Siemens (SIEGn.DE) has a controlling stake of 59 per cent in Spanish-based Siemens Gamesa but Iberdrola, with an 8 percent stake, has a say in some governance matters thanks to a deal signed when Siemens Wind agreed to merge with Gamesa last year.

  • Exclusive: Iberdrola demanded change at Siemens Gamesa as problems mounted
    Reuters29 days ago

    Exclusive: Iberdrola demanded change at Siemens Gamesa as problems mounted

    Spanish utility Iberdrola (IBE.MC) used its influence to change the management of Siemens Gamesa (SGREN.MC) on Friday after the wind-power joint venture suffered two profit warnings in less than three months. Germany's Siemens (SIEGn.DE) has a controlling stake of 59 per cent in Spanish-based Siemens Gamesa but Iberdrola, with an 8 percent stake, has a say in some governance matters thanks to a deal signed when Siemens Wind agreed to merge with Gamesa last year.

  • Reuterslast month

    UK big six energy firms lost record number of customers in Sept – data

    Britain's big six energy firms lost a record number of customers in September to smaller challengers, data from industry group Energy UK showed. A total of 163,274 customers switched from the Big Six, the data published this week showed, ramping up pressure on energy companies already facing the introduction of a price cap on their most common tariffs. Britain's energy market is dominated by the so-called big six including Centrica's ,(CNA.L) British Gas, SSE (SSE), Iberdrola's (IBE.MC) Scottish Power, Innogy's npower (IGY.DE), E.ON (EONGn.DE) and EDF Energy (EDF.PA), which account for about 85 percent of the retail electricity market.

  • Reuters - UK Focuslast month

    UK big six energy firms lost record number of customers in Sept – data

    Britain's big six energy firms lost a record number of customers in September to smaller challengers, data from industry group Energy UK showed. A total of 163,274 customers switched from the Big Six, ...

  • Reuterslast month

    UK ask regulator to set price cap to mend "broken energy market"

    Prime Minister Theresa May first proposed a price cap on the energy sector earlier this year, the biggest market intervention since its privatisation almost 30 years ago. "I have been clear that our broken energy market has to change – it has to offer fairer prices for millions of loyal customers who have been paying hundreds of pounds too much," May said on Thursday. The draft bill published on Thursday said the price cap would initially last until 2020, with the potential to be extended by up to three years if needed.

  • Reuters - UK Focuslast month

    UK ask regulator to set price cap to mend "broken energy market"

    Prime Minister Theresa May first proposed a price cap on the energy sector earlier this year, the biggest market intervention since its privatisation almost 30 years ago. "I have been clear that our broken energy market has to change – it has to offer fairer prices for millions of loyal customers who have been paying hundreds of pounds too much," May said on Thursday. The draft bill published on Thursday said the price cap would initially last until 2020, with the potential to be extended by up to three years if needed.

  • Reuterslast month

    UK energy price cap should allow 'headroom' to protect competition - minister

    LONDON (Reuters) - Britain's newly-announced retail energy price cap should allow providers enough 'headroom' to compete within the market, business minister Greg Clark said on Thursday following the publication ...

  • Reuters - UK Focuslast month

    UK energy price cap should allow "headroom" to protect competition - minister

    Britain's newly-announced retail energy price cap should allow providers enough "headroom" to compete within the market, business minister Greg Clark said on Thursday following the publication ...

  • Reuterslast month

    Britain asks Ofgem to devise consumer energy price cap plan

    Britain said on Thursday it would ask the regulator Ofgem to devise a price cap for consumer energy tariffs, but did not provide any specific details on how the cap would work for suppliers trying to gauge the impact on their business. The business department set out its draft legislation, saying the price cap would initially last until 2020, with the potential to be extended by up to three years if needed.

  • Reuters - UK Focuslast month

    Britain asks Ofgem to devise consumer energy price cap plan

    LONDON, Oct (Shenzhen: 000069.SZ - news) 12 (Reuters) - Britain said on Thursday it would ask the regulator Ofgem to devise a price cap for consumer energy tariffs, but did not provide any specific details on how the cap would work for suppliers trying to gauge the impact on their business. The business department set out its draft legislation, saying the price cap would initially last until 2020, with the potential to be extended by up to three years if needed.

  • Reuters - UK Focuslast month

    UK energy price cap will not start this winter – Ofgem

    LONDON, Oct (Shenzhen: 000069.SZ - news) 11 (Reuters) - A government plan to cap the most common form of gas and electricity tariffs for millions of British households would not come into effect in time for this winter, energy regulator Ofgem said on Wednesday. Prime Minister Theresa May stunned the industry last week when she announced a plan to impose price caps on standard variable tariffs (SVT), the basic rate that energy suppliers charge if a customer does not opt for a specific fixed-term deal. Ofgem chief executive Dermot Nolan said he did not know how long it would take for the government bill to become law, but it would then take around another five months before the regulator could start capping people's bills.

  • Reuterslast month

    UK energy price cap legislation to be published on Thursday - May's spokesman

    LONDON (Reuters) - Draft legislation on the British government's plans to cap energy prices will be published on Thursday, a spokesman for Prime Minister Theresa May said on Monday. Last week, May said ...

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