Edition:
United States

SSE PLC (SSE.L)

SSE.L on London Stock Exchange

1,324.00GBp
8 Dec 2017
Change (% chg)

-3.00 (-0.23%)
Prev Close
1,327.00
Open
1,329.00
Day's High
1,329.00
Day's Low
1,318.00
Volume
2,760,319
Avg. Vol
3,917,037
52-wk High
1,578.00
52-wk Low
1,309.00

Latest Key Developments (Source: Significant Developments)

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

Innogy, SSE in advanced talks to combine UK retail ops - Innogy
Tuesday, 7 Nov 2017 09:21am EST 

Nov 7 (Reuters) - Innogy SE :Says Innogy, SSE are in advanced discussions on combining their retail activities in Great Britain.‍Says Innogy, SSE are in advanced exclusive discussions regarding combination of retail activities of Npower and SSE's B2C (retail customers) and Energy+ activities in Great Britain​.Says ‍no binding agreements regarding terms of combination have been entered into at this stage​.Says ‍any transaction would be subject to appropriate corporate and board approvals and consent of competent competition and regulatory authorities​.Source text for Eikon: ID:nEQ8D47nPa.  Full Article

SSE in "well-advanced" talks with innogy SE to create independent energy supply firm
Tuesday, 7 Nov 2017 09:02am EST 

Nov 7 (Reuters) - SSE Ltd::‍HAS BEEN IN DISCUSSIONS WITH INNOGY SE ABOUT CREATING A NEW INDEPENDENT ENERGY SUPPLY COMPANY​.‍DISCUSSIONS BETWEEN SSE AND INNOGY ARE CONTINUING AND ARE WELL-ADVANCED BUT NO FINAL DECISIONS HAVE BEEN TAKEN.‍NEW INDEPENDENT ENERGY SUPPLY COMPANY TO WHICH WOULD BE CONTRIBUTED SSE'S HOUSEHOLD ENERGY SUPPLY AND SERVICES BUSINESS IN GREAT BRITAIN.‍NEW INDEPENDENT ENERGY SUPPLY COMPANY TO WHICH WOULD BE CONTRIBUTED INNOGY'S HOUSEHOLD AND BUSINESS ENERGY SUPPLY BUSINESS IN GREAT BRITAIN​.‍COMBINED BUSINESS WOULD BE LISTED AND SSE WOULD DEMERGE ITS SHARES TO ITS SHAREHOLDERS.​.  Full Article

SSE sees 2017/18 adjusted operating profit lower than last year
Wednesday, 27 Sep 2017 02:00am EDT 

Sept 27 (Reuters) - SSE Plc ::SSE - EXPECTS TO REPORT ADJUSTED EPS FOR SIX MONTHS TO 30 SEPTEMBER 2017 OF BETWEEN 30P AND 32P COMPARED WITH 34.2P IN SAME PERIOD IN 2016​.SSE - CONTINUES TO EXPECT THAT TOTAL ADJUSTED OPERATING PROFIT WILL BE IMPACTED BY A REDUCTION IN NETWORKS ADJUSTED OPERATING PROFIT OF AROUND £150M, COMPARED WITH PREVIOUS FINANCIAL YEAR.SSE EXPECTS TO REPORT ADJUSTED EPS FOR SIX MONTHS TO 30 SEPTEMBER 2017 OF BETWEEN 30P AND 32P COMPARED WITH 34.2P IN SAME PERIOD IN 2016.SEES ADJUSTED OPERATING PROFIT IN NETWORKS IN SIX MONTHS TO 30 SEPTEMBER 2017 IS EXPECTED TO BE LOWER THAN IN SAME PERIOD IN 2016.SEES ADJUSTED OPERATING PROFIT FOR SIX MONTHS IN WHOLESALE AND RETAIL IS EXPECTED TO BE HIGHER THAN IN SAME PERIOD IN 2016.FOR THE HALF YEAR, WHOLESALE IS EXPECTED TO BENEFIT FROM IMPROVED PERFORMANCE IN BOTH ENERGY PORTFOLIO MANAGEMENT (EPM) AND GENERATION.  Full Article

SSE issues 600 million euro green bond
Wednesday, 30 Aug 2017 11:03am EDT 

Aug 30 (Reuters) - SSE Plc: :* Says issuing a 600 million euro green bond as part of its commitment to tackle climate change.* Says capital from the eight-year, 0.875 percent bond will be used to refinance SSE's portfolio of recently constructed or under construction onshore wind farms.* Says significant demand for this green bond allowed SSE to price at the tighter end of guidance achieving its lowest ever coupon for a senior bond .  Full Article

BRIEF-Statoil swaps interests with Innogy and SSE in UK offshore wind project
Thursday, 10 Aug 2017 04:06am EDT 

Refiles to correct typo in the headline:SAYS HAS SIGNED A SWAP AGREEMENT WITH INNOGY AND SSE FOR EQUITY INTERESTS IN DOGGER BANK OFFSHORE WIND DEVELOPMENT PROJECT.SAYS FOLLOWING THE TRANSACTION, STATOIL AND SSE WILL OWN 50% EACH IN CREYKE BECK A AND B AND TEESSIDE A, WHILE INNOGY WILL OWN 100% OF TEESSIDE B.DOGGER BANK IS WORLD'S LARGEST OFFSHORE WIND DEVELOPMENT, HAVING ACHIEVED CONSENT FOR AN AGREED TARGET INSTALLED CAPACITY OF 4.8 GW, WITH 1.2 GW CONSENTED FOR EACH OF THE FOUR PROJECTS.SAYS STATOIL AND SSE WILL CONTINUE TO MATURE THREE DOGGER BANK DEVELOPMENT PROJECTS TOWARDS A POTENTIAL CONTRACTS FOR DIFFERENCE AUCTIONS.  Full Article

SSE says Q1 electricity supplied household averaged 793 KWH
Thursday, 20 Jul 2017 02:14am EDT 

July 20 (Reuters) - SSE Plc ::Continues to expect that its capital and investment expenditure will total around 1.7 bln stg in 2017/18.To use 500 mln stg of proceeds from 16.7 pct equity stake divestment in scotia gas networks for an on-market share buy-back.In first three months of 2017/18 SSE continued to experience a net loss in total customer account numbers.On course to deliver payment of a full-year dividend that increases annually by at least RPI inflation in 2017/18 and beyond.Q1 electricity supplied household averaged 793 KWH versus 821 KWH.  Full Article

SSE Plc announces share repurchase programme
Wednesday, 5 Jul 2017 12:00pm EDT 

July 5 (Reuters) - SSE Plc ::Says share repurchase programme.Announces share repurchase programme to purchase its shares for cancellation, during period which commences on July 6 and ends no later than Aug. 31.Aggregate purchase price of all shares acquired under programme will be no greater than 70 mln stg.  Full Article

Ofgem updates on proposed network allowances
Tuesday, 13 Jun 2017 02:00am EDT 

June 13 (Reuters) - National Grid Plc :Ofgem sets out how proposed reductions in National Grid and distribution network companies' allowances will benefit consumers.National Grid announced in March that it will voluntarily defer 480 million stg of its allowed expenditure.National Grid's deferral will initially reduce network charges on consumers' energy bills by around 100 million stg between 2019 and 2021.National Grid is deferring £480 million of expenditure.Has set out proposals to make financial adjustments to reflect electricity dnos performance under previous electricity distribution price control,ended on 31 March 2015.Total reduction to allowances proposed across all DNOS is 206.8 million stg.This would result in reduced network charges on consumer energy bills for remainder of period covered by riio-ed1 price control (2015-2023).Is proposing adjustments to allowances totalling 74.6 million stg across some of distribution networks of WPD, Scottish Power, UKPN and SSE.Proposes to reduce allowances by a total of £132.2 million across Western Power Distribution's (WPD) East Midlands network and two of UKPN's networks.  Full Article

UPDATE 1-UK Stocks-Factors to watch on Nov 8

Nov 8 Britain's FTSE 100 index is seen opening down 7 points at 7,505.8 on Wednesday, according to financial bookmakers, with futures down 0.1 percent ahead of the cash market open.