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United States

SSE PLC (SSE.L)

SSE.L on London Stock Exchange

1,327.50GBp
20 Apr 2018
Change (% chg)

4.00 (+0.30%)
Prev Close
1,323.50
Open
1,331.00
Day's High
1,334.50
Day's Low
1,316.00
Volume
2,263,035
Avg. Vol
4,056,989
52-wk High
1,554.00
52-wk Low
1,176.50

Latest Key Developments (Source: Significant Developments)

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

SSE PLC Announces Capacity Market Auction Provisional Results
Friday, 9 Feb 2018 02:38am EST 

Feb 9 (Reuters) - SSE Plc ::‍CAPACITY MARKET AUCTION PROVISIONAL RESULTS​.‍PROVISIONALLY GOT AGREEMENTS TO GIVE 4,177MW OF DE-RATED ELECTRICITY GENERATION CAPACITY FROM OCT 2021-SEPT 2022 IN GB CAPACITY MARKET AUCTION​.‍AUCTION CLEARED AT PRICE OF £8.40/KW (KILOWATT) WITH PROVISIONAL RESULTS PUBLISHED TODAY.‍TOTAL VALUE SECURED BY SSE IS AROUND £35.1 MILLION​.‍2,811MW OF SSE'S DE-RATED CAPACITY WHICH PREQUALIFIED FOR AUCTION DID NOT SECURE AN AGREEMENT.‍SSE WILL CONSULT WITH MAJOR STAKEHOLDERS, MAKE FINAL DECISION ABOUT FUTURE OF FIDDLER'S FERRY BEYOND STATION'S CAPACITY CONTRACT COMMITMENTS​.  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

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

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As its wealth fund goes green, Norway's firms struggle to keep up

OSLO Many Norwegian companies lag high standards for reporting their impact on the environment that the Nordic nation's $1 trillion wealth fund is championing abroad in 2018.