|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|
Harvey Jones says FTSE 100 (INDEXFTSE: UKX) utility giants National Grid plc (LON: NG) and SSE plc (LON: SSE) should continue to deliver a powerful stream of dividends.
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. ...
British utility 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. * Seagreen Wind Energy Limited, ...
French power producer Engie (Brussels: ENGI.BR - news) , which entered the British retail market last year, will have a 100,000-strong customer base in the country by the end of 2018, a year that will also be more profitable, its UK chief told Reuters. This year's exceptionally cold winter that caused power prices to reach records in Britain benefited many energy firms as electricity and fossil fuel revenues grew. As a result, Engie (LSE: 0LD0.L - news) grew its business in Britain and the company expects 2018 profit to exceed that of 2017 in the energy services business, its chief executive for UK and Ireland Wilfrid Petrie told Reuters on Tuesday.
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.
"Big six" energy supplier SSE (LSE: SSE.L - news) is increasing prices by an average of £76 a year in a hike affecting more than two million customers. The price changes - a 5.7% rise for gas and 7.7% for electricity bills - mean a typical dual fuel customer will see an increase of £1.50 each week. SSE blamed the price hike, which comes into effect on 11 July, on rising wholesale and government policy costs and said it would impact 2.4 million customers.
Britain's SSE said on Wednesday it would raise its standard electricity and gas prices, leading to a 6.7 percent increase on average to a typical dual fuel bill. The price rise, effective from July 11, ...
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.
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 (LSE: SSE.L - news) and Innogy’s 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. * On Tuesday, the CMA said it would consider the impact of the merger on the supply of gas and electricity to customers in Britain.
Energy giant SSE (LSE: SSE.L - news) lost 430,000 customers last year as competition intensified and it prepares to merge its retail business with npower. It is the latest among the Big Six energy companies to report customer defections as energy prices rise and the government introduces new caps on bills. British Gas lost 110,000 customers in the first four months of this year and npower saw an exodus of 120,000 customers in the first quarter of 2018.
* SSE says to build 350 million pound combined cycle gas turbine power plant in Lincolnshire, northern England. * The plant in Keadby will have 9000HL turbines made by Siemens , with capacity of 840 megawatts. ...
"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.
Britain's Marks & Spencer said on Monday it had appointed Katie Bickerstaffe, the former Dixons Carphone executive, as a non-executive director, adding more retail experience to its board. Bickerstaffe ...
The outgoing chief executive of Dixons Carphone (Frankfurt: CWB.F - news) 's British operations is in talks to join the board of Marks & Spencer (Frankfurt: 534418 - news) (M&S) as its chairman tries to bolster a board criticised for its dearth of retail expertise. Sky News has learnt that Katie Bickerstaffe, who recently announced her intention to leave the electrical goods chain, is close to an agreement to become a non-executive director at M&S. It forms part of a planned overhaul of M&S's board by Archie Norman, the company's new chairman, who is keen for its crop of non-executives to have more direct experience of a fast-changing retail industry.
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 ...
E.ON has the right to walk away from an agreed deal to break up Innogy should it sell single assets worth more than 150 million euros or assets worth a combined 450 million, RWE's finance chief said. Talking ...
British Gas lost 110,000 customer accounts over the first four months of the year but remained on track for its full-year targets as the cold weather saw customers turn up their heating. Centrica (Frankfurt: A0DK6K - news) , which owns the energy firm, said the exodus - amid intense competition - had slowed compared to levels seen last year. It was not the only one of the Big Six energy firms to see large numbers of customers leave, with npower on Monday reporting a fall of about 120,000 customer accounts in the first quarter of 2018.