SSE gives early dividend indication despite lower renewables output in first quarter
The renewable energy group said it was continuing work on its disposal programme
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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Energy companies furious as regulator proposes halving their profits to pay for infrastructure upgrade
The proposed cuts would see a £20 reduction in household bills every year according to Ofgem
SSE trims dividend, announces new decarbonisation investment plan
Operating profits from the firm's continuing businesses rose by 37% but reported profits were hit by charges on discontinued operations and the coronavirus pandemic
Ovo Energy to cut thousands of jobs following acquisition of SSE retail business
The UK’s second biggest energy supplier said the coronavirus pandemic had ”accelerated changing consumer behaviour" and “permanently reduced the demand for some functions and roles”
SSE falls despite commitment to pay dividend
Broker RBC said the visibility of future payouts is an issue for investors
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FTSE 100 closes deeply in red but up on week as sterling's surge hits
Britain's index of premier shares finished down over 305 points at 5,510
US House to approve $2trn support package on Friday, eyes also on SSE dividend plans
SSE said in January that expected to pay a dividend of 80p per share expected for the current year
SSE blows hot on dividends but wind energy behind plan
The energy company noted that government policy as outlined in the Queen's speech included ambitions for offshore wind and carbon capture, usage and storage, which it said “should present opportunities for SSE's renewables and thermal busin
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FTSE 100 closes down 1.3% as January ends on sour note
Britain's blue-chip benchmark index finished down around 95 points lower, or 1.3%, at 7,286, going below 7,300 for the first time in seven weeks
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Friday to bring sense of finality as week, month and Brexit conclude
The UK will exit the EU and 11pm on Friday, although there will not be a 'Big Ben Bong' to mark the occasion
Ovo Energy hit with £8.9mln fine for use and billing errors
Earlier this month, the group paid £500mln for SSE’s retail business in a move that took its customers base to 5mln
SSE completes retail business sale to OVO
The proceeds, coming in the form of £400mln in cash and a £100mln loan note, will be used to cut debt
SSE is 'potential takeover target' after renewables repositioning, says Goldman
Goldman Sachs downgraded the FTSE 100 energy group to a ‘neutral’ rating from ‘buy’, though lifted its target price to 1,461p from 1,369p
SSE tipped as a post-election 'buy' by HSBC
HSBC upped the target price to 1,510p from 1,480p as the government has a Conservative majority
SSE gets green light to sell retail business to OVO
SSE’s discontinued businesses posted a loss of £512mln in its latest half-year including £489mln of asset write-downs.
Npower plans £500mln restructuring to tackle tough retail energy market
The retail energy market continues to be "particularly challenging" in the UK, said German owner E.ON
SSE swings back to profit as retail sale on track for “early 2020” sale
For the six months to 30 September, swung back to a reported profit of £128.9mln from losses of £284.6mln a year ago
SSE to sell household supply business to Ovo in £500mln deal
The deal comes after the collapse of a planned merger between SSE and Npower’s retail arms last year.
SSE confirms it is in talks with Ovo Group over the possible sale of SSE Energy Services
SSE will provide no further comment on the discussions until a conclusion to them has been reached.
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FTSE 100 closes in red Thursday as ECB update underwhelms
There were mixed messages in Mario Draghi's update on Thursday