RBC Capital downgrades SSE to ‘perform’ from ‘outperform’
The analysts said its earnings per share (EPS) estimates have been cut by approximately 10%-15% across its forecast horizon and show no long-term growth
Company
SSE PLC
LON:SSE
SSE PLC, formerly Scottish and Southern Energy PLC, is a holding company. The company is involved in the generation, transmission, distribution and supply of electricity; the production, storage, distribution and supply of gas, and the provision of other energy-related services.
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Germany’s E.ON to raise prices for UK customers taking both gas and electricity by 4.8% from August 16
The German firm noted that wholesale energy costs have increased more than 20% since March, largely due to the impact of extremely cold temperatures earlier this year depleting European gas storage
Utilities under pressure: SSE and Thames Water pay the penalty after regulatory investigations
Energy supplier SSE PLC has agreed to pay £1mln to Ofgem’s consumer redress fund after providing some pre-payment meter customers with inaccurate and misleading information in annual statements
SSE to raise gas and electricity prices by £76 a year
The changes will come into effect on 11 July 2018 and will affect 2.36mln customers of SSE Energy Services and M&S Energy
SSE expects challenging year ahead as it merges UK energy supply arm with npower
SSE said it lost 430,000 customer accounts in its retail division while the government's energy price caps for vulnerable customers also hit profits
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FTSE 100 closes higher but gives up gains; sterling hit on Brexit worries
Both the US and UK are heading towards a three-day weekend and, to be honest, it kind of feels like the break has already begun...
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Utilities in the spotlight as SSE and Pennon Group to release final results
Friday is going to see utility companies front and centre with final results from SSE and Pennon Group, accompanied by the reread of the UK's first quarter GDP data
M&S appoints former Dixons Carphone UK boss as non-executive director
New M&S chairman Archie Norman has been shaking up the board since joining the retailer last September
Npower to raise energy prices by £64 a year for one million customers
In a statement on its website, Npower said it is increasing a typical dual fuel annual energy bill by an average of £64 across all payment types to £1,230
Competition and Markets Authority refers SSE and Npower merger for full investigation
Last month, the watchdog gave the two energy suppliers a chance to address concerns that the merger would reduce competition but they failed to provide any possible remedy
UK competition watchdog to further scrutinise planned merger of SSE and Npower on worries over higher prices
The Competition and Markets Authority said the merger would be referred for a longer Phase 2 investigation unless the parties offer acceptable undertakings to address the competition concerns
SSE and Innogy poach Dixons Carphone's head of UK & Ireland operations to head new energy supply business
The energy suppliers said the new company will be led by Bickerstaffe as it prepares for formation and listing, expected to take place in the last quarter of 2018 or the first quarter of 2019
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Time's almost up for GKN shareholders to vote on Melrose hostile takeover bid
The day ahead includes the outcome of Melrose's hostile takeover bid for GKN and trading updates from SSE and RPC
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Could price-to-sales be the key to identifying blue-chips on the recovery trail?
Since the "bombed out" virtual portfolio bit the dust, we've lacked a stock filter that identifies recovery stocks; once again drawing on the simple ideas of Michael O'Higgins ("Dogs of the Dow"), John Harrington takes a look at the price-t
FTSE 100 slides as dollar rallies on expectations of a March rate hike by the Fed
US workers' pay increased 2.9% year-on-year, compared to expectations of a 2.6% increase.
SSE in talks with CMA over planned npower merger as it lifts earnings forecast
SSE now expects to report earnings per share of 116p to 120p, compared to a previous forecast of 116p.
FTSE 100 ends lower as pound firms; housebuilders weigh
Britain's top tier index closed around 54 points lower at 7,533
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If it's fizz you are after on Wednesday, look to Britvic rather than the Fed
It would be a major shock were the US central bank's policy-makers to opt for a rate hike
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Unilever among the quality blue chip updates scheduled, but Fed meeting and US jobs data more important
Week ahead includes updates from FTSE 100 AstraZeneca PLC, BT Group PLC, Royal Dutch Shell PLC, and Unilever PLC, plus a Federal Reserve meeting and January US jobs data
Investments and investor services
FTSE 100 extends losing streak to four days; ABF top loser
The FTSE 100 closed lower on Thursday as there was no clear direction across global equities