RWE AG (RWEG.DE)
24 Feb 2017
FRANKFURT German utility RWE said it planned to pay a dividend for 2017 after a two-year break, aiming to appease shareholders after suffering an annual net loss of 5.7 billion euros (£5 billion), the biggest in its 119-year history.
FRANKFURT RWE's decision to suspend its dividend for a second consecutive year has drawn fierce criticism from its largest shareholder group, which said it had hoped for a small payout.
* Scraps dividend for ordinary shares for second straight year
(The following statement was released by the rating agency) FRANKFURT/LONDON, February 22 (Fitch) Fitch Ratings has downgraded The Co-operative Bank p.l.c.'s (Co-op Bank) mortgage covered bonds to 'A' from 'A+' and placed the rating on Rating Watch Evolving (RWE). The rating action follows the downgrade of Co-op Banks's Long-Term Issuer Default Rating (IDR) to 'B-' from 'B' and the rating being placed on RWE (see "Fitch Downgrades The Co-operative Bank p.l.c.'s IDR to 'B-' on RWE; Downgrades
FRANKFURT, Feb 22 RWE said its 2016 earnings were hit by a 4.3 billion euro ($4.52 billion) writedown, mostly on its ailing German power plants that have come under intense pressure from low wholesale power prices and rivalling renewable energy.
BERLIN Innogy , Germany's largest energy group, sees no reason to scrap plans to enter the U.S. onshore wind market, its chief executive said, unimpressed by worries over future support of renewables in the wake of Donald Trump's presidency.
BERLIN/FRANKFURT German power utilities E.ON and RWE are able to cover their contributions to the country's nuclear waste storage costs in one lump-sum payment, the chief executives of both groups were quoted as saying on Monday.
FRANKFURT Leading German energy group Innogy is combining its activities relating to electric vehicles into a new unit, seeking to benefit from renewed efforts by global carmakers to increase sales.
DUESSELDORF, Germany Germany's highest court will decide next year on complaints brought by utilities against a tax on nuclear fuel rods, a spokesman said on Thursday, in a further challenge to the government's energy policy.
KARLSRUHE/FRANKFURT Germany's highest court ruled on Tuesday that hastening the shutdown of nuclear plants after Japan's Fukushima disaster violated some of the property rights of utility companies, allowing them to seek limited damages.