E.ON SE (EONGn.DE)
17 May 2019
FRANKFURT/LONDON E.ON and Centrica, two of Britain's so-called "big six" energy providers, warned on Monday of a toughening retail market, raising the chance of cost cuts in response to falling profits.
* GRAPHIC: https://tmsnrt.rs/2E4Khuh (Updates throughout, adds graphic)
FRANKFURT, May 13 German energy firm E.ON on Monday said that higher profits from wind parks and hydroelectric plants in Turkey offset a sharp drop in earnings at its British retail business during the first quarter.
FRANKFURT The European Commission has again suspended the deadline on its review of the planned takeover of Innogy's network and retail assets by Germany's E.ON, the watchdog said on its website on Thursday.
LONDON, April 18 The number of British customers switching energy supplier in the first quarter of 2019 rose by 12 percent compared with the same period last year, data from industry group Energy UK showed, despite a government price cap which began in January.
LONDON Britain's Competition Markets Authority said on Monday it had cleared German utility RWE's purchase of rival E.ON's renewables business and nuclear electricity generation assets.
LONDON, April 8 Britain's Competition Markets Authority said on Monday it had cleared German utility RWE's purchase of rival E.ON's renewables business and nuclear electricity generation assets.
FRANKFURT EU antitrust regulators have halted a process to review a planned takeover of Innogy's network and retail assets by E.ON after E.ON failed to meet a deadline to submit detailed data sets, E.ON said on Tuesday.
BERLIN, March 15 E.ON said on Thursday it will build an energy-efficient power plant for a DS Smith paper mill in Britain.
FRANKFURT, March 14 RWE on Thursday forecast core earnings could fall by a fifth this year, as the utility struggles to halt a decline in profitability at its coal- and gas-fired power plans.