Edition:
United States

SSE PLC (SSE.L)

SSE.L on London Stock Exchange

1,384.00GBp
17 Jul 2018
Change (% chg)

17.00 (+1.24%)
Prev Close
1,367.00
Open
1,366.00
Day's High
1,384.00
Day's Low
1,365.50
Volume
2,516,661
Avg. Vol
3,306,166
52-wk High
1,484.00
52-wk Low
1,176.50

Latest Key Developments (Source: Significant Developments)

Marks and Spencer Group Says M&S Energy, SSE End Partnership
Thursday, 5 Jul 2018 04:04am EDT 

July 5 (Reuters) - Marks and Spencer Group PLC ::UPDATE ON M&S ENERGY AND SSE PARTNERSHIP.AFTER NINE YEARS, SSE AND M&S HAVE TAKEN DECISION TO END THEIR RELATIONSHIP.  Full Article

UK's OFGEM Says SSE To Pay £1 Mln After Inaccurate Annual Statements
Thursday, 7 Jun 2018 02:14am EDT 

June 7 (Reuters) - UK's OFGEM: :UK'S OFGEM SAYS SSE TO PAY £1 MLN AFTER INACCURATE ANNUAL STATEMENTS.SSE TO PAY £1 MLN AFTER INACCURATE ANNUAL STATEMENTS.INVESTIGATION FOUND BETWEEN JUNE 2014 AND SEPTEMBER 2015, SUPPLIER SENT OUT 1.15 MILLION ANNUAL STATEMENTS TO 580,000 PRE-PAYMENT METER CUSTOMERS.DUE TO AN IT CODING ERROR, SSE'S ANNUAL STATEMENTS HAD INACCURATE INFORMATION ON ALTERNATIVE CHEAPER TARIFF AVAILABLE TO CUSTOMERS.SOME SSE STATEMENTS OVERESTIMATED ANNUAL SAVINGS CUSTOMERS COULD MAKE BY CHANGING THEIR PRE-PAYMENT METER TO A STANDARD CREDIT METER.AVERAGE SAVING FOR EACH OF AFFECTED SSE CUSTOMERS WOULD ALSO HAVE BEEN LOW.CLOSED SSE CASE WITHOUT TAKING FORMAL ENFORCEMENT ACTION.INVESTIGATION FOUND THAT LEVEL OF HARM IS LOW AS ONLY A SMALL PROPORTION OF THOSE CUSTOMERS WOULD HAVE ACTED ON INFORMATION BY SWITCHING.  Full Article

Greencoat Wind, GLIL to buy further 14.9 pct of Clyde windfarm
Tuesday, 8 May 2018 03:08am EDT 

May 8 (Reuters) - SSE PLC ::SSE SAYS GREENCOAT UK WIND PLC AND GLIL INFRASTRUCTURE INTEND TO EXERCISE OPTION TO BUY A FURTHER 14.9 PCT OF CLYDE WINDFARM.SSE SAYS THE STAKE EQUATES TO 77.8 MEGAWATTS AND THE OPTION IS EXERCISED FOR 202 MILLION POUNDS ($274 MILLION) BEFORE COSTS.THE FURTHER PURCHASE OF THE FURTHER CLYDE SHAREHOLDING IS EXPECTED TO BE COMPLETED ON 20 MAY 2019.ONCE THIS OPTION IS EXERCISED, SSE'S SHARE IN CLYDE IS REDUCED TO 50.1 PCT, WHILE GREENCOAT UK WIND AND GLIL WILL HAVE THE REMAINING 49.9 PCT.  Full Article

Innogy Says Proposed Npower-SSE Merger Good For Competition
Tuesday, 8 May 2018 02:41am EDT 

May 8 (Reuters) - Innogy ::SAYS LOOKING FORWARD TO HELPING CMA IN IN-DEPTH INVESTIGATION OF NPOWER MERGER WITH SSE’S RETAIL AND ENERGY SERVICES BUSINESS.SAYS DID NOT PUT FORWARD MEASURES TO ADDRESS CMA’S CONCERNS BECAUSE WE FIRMLY BELIEVE THE MERGER WILL BE GOOD FOR COMPETITION AS IT STANDS.  Full Article

UK's CMA Say SSE-Npower Merger Referred For In-Depth Investigation
Tuesday, 8 May 2018 02:02am EDT 

May 8 (Reuters) - UK's CMA::UK'S CMA - SSE/NPOWER MERGER REFERRED FOR IN-DEPTH INVESTIGATION.UK'S CMA - CMA HAS REFERRED PROPOSED MERGER OF SSE RETAIL AND NPOWER FOR AN IN-DEPTH INVESTIGATION AFTER FINDING COMPETITION CONCERNS..UK'S CMA - SSE AND NPOWER DID NOT OFFER MEASURES TO ADDRESS CMA'S CONCERNS, AND SO IT HAS REFERRED MERGER FOR A MORE IN-DEPTH, PHASE 2 INVESTIGATION..UK'S CMA - A DECISION ON SSE-NPOWER MERGER WILL NOW BE MADE BY A GROUP OF INDEPENDENT PANEL MEMBERS SUPPORTED BY A CASE TEAM OF CMA STAFF.UK'S CMA - DEADLINE FOR FINAL REPORT IS 22 OCTOBER..  Full Article

SSE confident of convincing regulator on Npower deal
Thursday, 26 Apr 2018 02:14am EDT 

April 26 (Reuters) - SSE PLC ::SSE RESPONDS TO CMA DECISION ON NPOWER MERGER.REMAIN CONFIDENT THAT PROPOSED MERGER WILL DELIVER BENEFITS FOR CUSTOMERS AND FOR ENERGY MARKET AS A WHOLE AND THAT WE WILL BE ABLE TO DEMONSTRATE THIS TO CMA IN DUE COURSE..  Full Article

SSE Will Take Its Time To Assess Cma's Statement On Innogy's Npower Merger
Thursday, 26 Apr 2018 02:14am EDT 

April 26 (Reuters) - Sse Plc ::WILL TAKE ITS TIME TO ASSESS CMA'S STATEMENT ON INNOGY'S NPOWER MERGER.CEO - REMAIN CONFIDENT THAT PROPOSED MERGER WILL DELIVER BENEFITS FOR CUSTOMERS AND FOR ENERGY MARKET AS A WHOLE AND THAT WILL BE ABLE TO DEMONSTRATE THIS TO CMA IN DUE COURSE.SSE - WILL TAKE ITS TIME TO ASSESS CMA'S STATEMENT, BUT CONTINUES TO BELIEVE THAT PROPOSED MERGER WILL DELIVER BENEFITS FOR ENERGY MARKET AND ENERGY CUSTOMERS.  Full Article

UK's CMA appoints group of panel members to determine EDF and SSE's appeal on Ofgem's decision
Wednesday, 13 Dec 2017 07:30am EST 

Dec 13 (Reuters) - UK'S CMA::HAS APPOINTED A GROUP OF PANEL MEMBERS TO DETERMINE EDF AND SSE'S APPEAL ON OFGEM'S DECISION.APPOINTED JOHN WOTTON (CHAIR), ANNE FLETCHER AND JON STERN TO DETERMINE EDF AND SSE'S APPEAL ON OFGEM'S DECISION.  Full Article

Innogy says hired Goldman Sachs in retail tie-up with SSE
Wednesday, 8 Nov 2017 05:13am EST 

Nov 8 (Reuters) - Innogy :Ceo says we are confident to receive antritrust approval for british retail merger with sse sse.l.Ceo says npower had 4.594 million customers in britain at the end of q3.Ceo says no plans to merge retail businesses in other markets, including in the netherlands.Ceo says there will be no bookbuilding for planned tie-up with sse sse.l.Ceo says we have mandated goldman sachs, sse sse.l has mandated credit suisse.Ceo says npower has book value of 2.1 billion pounds.Ceo, asked about potential writedowns on npower, says cannot comment.  Full Article

SSE Plc HY ‍adjusted eps down 8.8 pct to 31.2p​
Wednesday, 8 Nov 2017 02:00am EST 

Nov 8 (Reuters) - Sse Plc -:H1 ADJUSTED PRETAX PROFIT FELL 13.9 PERCENT TO 409.6 MILLION STG.INTERIM DIVIDEND UP 3.6 PERCENT TO 28.4 PENCE PER SHARE.HY ‍ADJUSTED EARNINGS PER SHARE DOWN 8.8 % TO 31.2P​.FOR 2017/2018, EXPECTS TO REPORT EPS AT A LEVEL WHICH IS AT LEAST IN LINE WITH CURRENT CONSENSUS OF SECTOR ANALYSTS' FORECASTS OF 116P​.HY ‍INVESTMENT AND CAPITAL EXPENDITURE WAS SLIGHTLY LOWER AT £779.5M​.FOR 2017/2018, EXPECTS TO ‍TARGET AN ANNUAL INCREASE IN FULL-YEAR DIVIDEND THAT IS AT LEAST EQUAL TO RPI INFLATION​.FOR 2017/2018, EXPECTS TO ‍WORK TO KEEP DIVIDEND COVER WITHIN EXPECTED RANGE OF AROUND 1.2- 1.4 TIMES​.‍ADJUSTED NET DEBT AND HYBRID CAPITAL INCREASED BY 9.0% TO £9.2BN IN SIX MONTHS TO 30 SEPTEMBER 2017​.FOR 2017/2018, EXPECTS TO INVEST AROUND £1.7BN IN BUILDING, OWNING AND OPERATING ASSETS​.LOOKING FURTHER AHEAD, ‍TARGETING DELIVERY OF ANNUAL DIVIDEND INCREASES THAT AT LEAST KEEP PACE WITH RPI INFLATION​.REMAINS ON COURSE TO ‍FOCUSING ON PROGRESS IN ITS CAPITAL AND INVESTMENT EXPENDITURE TOTALLING AROUND £6BN ACROSS FOUR YEARS TO 2020​.‍IN SIX MONTHS TO SEPTEMBER 2017, SSE'S ENERGY CUSTOMER ACCOUNTS IN GREAT BRITAIN AND IRELAND FELL FROM 8.00 MILLION TO 7.72MILLION​.LOOKING FURTHER AHEAD, ‍TARGETING INCREASED RAV OF ECONOMICALLY-REGULATED NETWORKS BUSINESSES TO CLOSE TO £9BN, UP FROM £8BN AT SEPT 2017​.HY ‍REPORTED EARNINGS PER SHARE DOWN 43.9% TO 29.8P​.  Full Article

Wealth manager Rathbone to buy Scotland's largest independent rival

LONDON British wealth manager Rathbone Brothers has agreed to buy its biggest independent rival in Scotland, Speirs & Jeffrey, boosting its assets by almost a fifth to 44.5 billion pounds ($60 billion).