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SSE PLC (SSE.L)

SSE.L on London Stock Exchange

1,129.00GBp
11:59am EDT
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1,129.00
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Latest Key Developments (Source: Significant Developments)

SSE, Innogy Name Martin Read Retail Chairman Designate
Friday, 14 Sep 2018 04:00am EDT 

Sept 14 (Reuters) - SSE PLC ::APPOINTMENT OF RETAIL CHAIRMAN DESIGNATE.CO, INNOGY SE APPOINTED MARTIN READ CBE AS CHAIRMAN DESIGNATE FOR NEW INDEPENDENT BRITISH ENERGY SUPPLY AND SERVICES CO THEY AGREED TO FORM.READ'S APPOINTMENT FOLLOWS A COMPREHENSIVE SELECTION PROCESS.  Full Article

SSE Says H1 Adjusted Profit To Be Cut By Half
Wednesday, 12 Sep 2018 02:00am EDT 

Sept 12 (Reuters) - SSE PLC ::TRADING STATEMENT.RELATIVELY DRY, STILL AND WARM WEATHER HAS CONTINUED AS HAVE PERSISTENTLY HIGH GAS PRICES..CURRENTLY EXPECTS ADJUSTED OPERATING PROFIT FOR SIX MONTHS TO 30 SEPTEMBER 2018 WILL BE AROUND HALF OF THAT DELIVERED IN SAME PERIOD IN 2017.SSE'S ADJUSTED OPERATING PROFIT FOR FIRST FIVE MONTHS OF FINANCIAL YEAR HAS THEREFORE BEEN NEGATIVELY AFFECTED BY AROUND £190M COMPARED WITH PLAN..NET RESULT IS THAT SSE CURRENTLY EXPECTS ITS ADJUSTED OPERATING PROFIT FOR SIX MONTHS TO 30 SEPTEMBER 2018 WILL BE AROUND HALF OF THAT DELIVERED IN SAME PERIOD IN 2017..SSE - OFGEM'S PROPOSED DEFAULT TARIFF CAP EXPECTED TO RESULT IN ADJUSTED OPERATING PROFIT FOR SSE ENERGY SERVICES IN 2018/19 SIGNIFICANTLY LOWER THAN SSE EXPECTED.SSE CONTINUES TO EXPECT TO RECOMMEND A FULL-YEAR DIVIDEND OF 97.5 PENCE PER SHARE FOR 2018/19 AND TO DELIVER FIVE-YEAR DIVIDEND PLAN SET OUT IN MAY 2018..BECAUSE IT IS SUBJECT OF PLANNED DEAL WITH NPOWER, SSE ENERGY SERVICES LIKELY TO BE DEEMED TO BE HELD FOR SALE IN SSE'S FINANCIAL STATEMENTS.ENERGY PORTFOLIO MANAGEMENT IS CURRENTLY EXPECTED TO INCUR AN ADJUSTED OPERATING LOSS IN EXCESS OF £300M FOR FINANCIAL YEAR AS A WHOLE.  Full Article

SSE Comments On Ofgem's Tariff Cap
Thursday, 6 Sep 2018 05:42am EDT 

Sept 6 (Reuters) - SSE PLC ::SSE COMMENTS ON THE DEFAULT TARIFF CAP STATUTORY CONSULTATION.OFGEM'S PROPOSED CAP, ASSOCIATED METHODOLOGY AND INPUT DATA WILL REQUIRE THE MOST CAREFUL SCRUTINY IN THE COMING WEEKS.SAYS WILL ASSESS POTENTIAL IMPACT ON ITS CUSTOMERS, OPERATIONS AND RESPOND TO OFGEM’S CONSULTATION.SAYS IT "CONTINUES TO BELIEVE THAT COMPETITION, NOT CAPS, BEST SERVES THE LONG TERM INTERESTS OF CUSTOMERS".  Full Article

SSE PLC to raise standard electricity and gas prices
Wednesday, 30 May 2018 04:00am EDT 

May 30 (Reuters) - SSE PLC ::SSE PLC - SSE ENERGY SERVICES WILL ALSO BE REMOVING ITS £6 PER FUEL, PER YEAR PAPERLESS BILLING DISCOUNT FROM 11 JULY 2018..SSE - DECISION TO RAISE STANDARD ELECTRICITY, GAS PRICES IN CHANGE; WILL RAISE TYPICAL DUAL FUEL BILL BY AVERAGE OF 6.7%, EFFECTIVE FROM 11 JULY 2018.SSE PLC - PRICE CHANGE EQUATES TO A TYPICAL DUAL FUEL BILL INCREASE OF £76 PER YEAR, AROUND £1.50 PER WEEK.SSE PLC - 2.36 MILLION CUSTOMERS WITH SSE ENERGY SERVICES AND M&S ENERGY WILL SEE A PRICE INCREASE.SSE PLC - CUSTOMERS WHO ARE ON FIXED-PRICE TARIFFS, HAVE A PREPAYMENT METER, OR ARE ON VULNERABLE CUSTOMER SAFEGUARD TARIFF WILL NOT BE AFFECTED..  Full Article

SSE FY Adjusted Pretax Profit 1.453 Bln STG
Friday, 25 May 2018 02:21am EDT 

May 25 (Reuters) - SSE PLC ::TOTAL DIVIDEND 80 PENCE PER SHARE.FY ADJUSTED PRETAX PROFIT 1.453 BILLION STG.FINAL DIVIDEND 66.3 PENCEPER SHARE.SAYS FY ADJUSTED EARNINGS PER SHARE DOWN 3.6% TO 121.1 PENCE.SAYS FOR 2018-2019, CO IS INTENDING TO RECOMMEND A FULL-YEAR DIVIDEND OF 97.5 PENCE PER SHARE, AN INCREASE OF 3 PERCENT ON 2017-2018.SAYS FOR 2019-2020, SSE IS PLANNING TO SET FIRST POST-TRANSACTION DIVIDEND AT 80.0 PENCE PER SHARE.FOR 2020/21, 2021/22 AND 2022/23 SSE IS TARGETING ANNUAL INCREASES IN FULL-YEAR DIVIDEND THAT AT LEAST KEEP PACE WITH RPI INFLATION.SAYS OVER FIVE YEARS TO MARCH 2023, AND BASED ON EXISTING PLANS, SSE EXPECTS ITS CAPITAL AND INVESTMENT EXPENDITURE TO TOTAL AROUND 6 BILLION STG.IN FIRST OF FIVE YEARS, 2018/19, CAPITAL AND INVESTMENT EXPENDITURE IS FORECAST TO BE AROUND £1.7BN.COMPANY'S FINANCIAL RESULTS ARE AHEAD OF EXPECTATIONS AT START OF FINANCIAL YEAR.SSE - EXPECTED ENACTMENT OF TARIFF CAP BILL, TEMPORARY CAP ON PRICE OF STANDARD VARIABLE, DEFAULT ELECTRICITY, GAS TARIFFS TO BE IN PLACE FOR WINTER OF 2018/19.  Full Article

SSE Names Katie Bickerstaffe As Retail Chief Executive Designate
Friday, 6 Apr 2018 04:10am EDT 

April 6 (Reuters) - SSE Plc ::APPOINTMENT OF RETAIL CHIEF EXECUTIVE DESIGNATE.‍APPOINTED KATIE BICKERSTAFFE AS CHIEF EXECUTIVE DESIGNATE OF NEW INDEPENDENT BRITISH ENERGY SUPPLY AND SERVICES COMPANY.‍KATIE WILL TAKE UP HER NEW APPOINTMENT LATER THIS YEAR​.‍KATIE WILL STEP DOWN FROM HER POSITION AS A NON-EXECUTIVE DIRECTOR OF SSE PLC WITH EFFECT FROM 30 APRIL 2018​.‍KATIE WILL LEAD WORK BEING DONE TO PREPARE FOR FORMATION AND LISTING OF NEW COMPANY, EXPECTED TO TAKE PLACE IN LAST QUARTER OF 2018 OR Q1 OF 2019​.  Full Article

Dixons Carphone Says UK & Ireland CEO To Step Down​
Friday, 6 Apr 2018 04:00am EDT 

April 6 (Reuters) - Dixons Carphone Plc ::‍KATIE BICKERSTAFFE, UK & IRELAND CEO, HAS INFORMED BOARD OF HER DECISION TO STEP DOWN​.‍BICKERSTAFFE TO STEP DOWN TO TAKE UP POSITION OF CHIEF EXECUTIVE DESIGNATE AT NEW ENERGY SUPPLY BUSINESS RECENTLY ANNOUNCED BY SSE & INNOGY SE​.  Full Article

SSE Says Does Not Believe That Agreement With Innogy Should Be Affected By EON/RWE Agreement​
Monday, 12 Mar 2018 11:06am EDT 

March 12 (Reuters) - Sse Plc ::‍NOTED ANNOUNCEMENT OF AN 'AGREEMENT IN PRINCIPLE' BETWEEN EON SE AND RWE AG RELATING TO RWE'S STAKE IN INNOGY SE​.‍SSE DOES NOT BELIEVE THAT AGREEMENT WITH INNOGY SHOULD BE AFFECTED BY EON/RWE AGREEMENT​.  Full Article

UK's CMA Opens Investigation Into Proposed SSE Retail, Npower Merger
Wednesday, 28 Feb 2018 05:13am EST 

Feb 28 (Reuters) - UK'S Competition and Markets Authority::OPENED ITS INVESTIGATION INTO THE PROPOSED MERGER OF SSE RETAIL AND NPOWER.WILL NOW ASSESS WHETHER SSE RETAIL/NPOWER DEAL COULD SIGNIFICANTLY REDUCE COMPETITION IN THE SUPPLY OF ENERGY TO DOMESTIC CUSTOMERS IN UK‍​.DEADLINE FOR THE INITIAL DECISION IS 26 APRIL 2018 ‍​.  Full Article

UK's CMA Dismisses Appeal By SSE, EDF Energy Against A OFGEM Decision
Monday, 26 Feb 2018 02:01am EST 

Feb 26 (Reuters) - UK'S CMA::THE CMA HAS DISMISSED AN APPEAL BY SSE GENERATION LIMITED AND EDF ENERGY (THERMAL GENERATION) LIMITED AGAINST A DECISION BY OFGEM TO REJECT THEIR REQUEST TO MODIFY INDUSTRY RULES​.  Full Article

UPDATE 1-SSE, Npower name Martin Read as chairman designate for UK retail tie-up

Sept 14 Energy suppliers SSE Plc and Innogy SE said on Friday Martin Read would take over as chairman of the new company resulting from the merger of their UK retail units.