Edition:
United Kingdom

SSE PLC (SSE.L)

SSE.L on London Stock Exchange

1,061.38GBp
11 Dec 2018
Change (% chg)

11.38 (+1.08%)
Prev Close
1,050.00
Open
1,032.00
Day's High
1,065.05
Day's Low
1,032.00
Volume
1,100,387
Avg. Vol
3,389,343
52-wk High
1,449.50
52-wk Low
1,032.00

Latest Key Developments (Source: Significant Developments)

SSE Implements Default Tariff Cap
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - SSE PLC ::SSE PLC - SSE IMPLEMENTS THE DEFAULT TARIFF CAP.SSE PLC - VAST MAJORITY OF SSE’S STANDARD VARIABLE TARIFF (SVT) CUSTOMERS WILL SEE A REDUCTION IN THEIR ANNUAL ENERGY COSTS.SSE PLC - DUE TO WAY CAP IS CALCULATED, THERE WILL BE A COMPARATIVELY SMALL NUMBER OF CUSTOMERS THAT WILL SEE AN INCREASE IN OVERALL ENERGY COSTS.  Full Article

Innogy CFO says JV talks could theoretically still collapse
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Innogy ::CFO SAYS Q4 HAS NOT STARTED PARTICULARLY WELL WITH REGARD TO RENEWABLES SEGMENT.CFO SAYS WIND SPEED LEVELS IN Q4 SO FAR DO NOT LOOK PROMISING AFTER BELOW-AVERAGE Q2/3.CFO, ASKED WHETHER TALKS WITH SSE <<>> ABOUT PLANNED RETAIL JV COULD THEORETICALLY STILL COLLAPSE, SAYS SUCH A SCENARIO CANNOT BE RULED OUT.CFO SAYS HAVE LOST ABOUT 50,000 RETAIL CUSTOMERS IN GERMANY YEAR-TO-DATE.CFO SAYS LOST CLOSE TO 500,000 CUSTOMERS IN BRITAIN SO FAR THIS YEAR.CFO SAYS TALKS WITH MACQUARIE <<>> ABOUT CZECH NETWORKS BUSINESS ONGOING.  Full Article

SSE In Talks With Innogy Over New Commercial Terms For SSE Energy, Innogy Deal
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - SSE PLC ::SSE PLC - SSE ENERGY SERVICES TRANSACTION.SSE PLC - SSE AND INNOGY SE WORKING TOGETHER REGARDING POTENTIAL CHANGES TO COMMERCIAL TERMS OF PROPOSED COMBINATION OF SSE ENERGY SERVICES AND NPOWER.SSE PLC - SSE PLC AND INNOGY SE HAVE ENTERED INTO DISCUSSIONS AND ARE WORKING TOGETHER REGARDING LISTING OF NEW COMPANY ON MAIN MARKET OF LSE.SSE PLC - DISCUSSIONS ARE EXPECTED TO TAKE PLACE OVER SEVERAL WEEKS, AND AN UPDATE ON THEIR PROGRESS WILL BE PROVIDED BY MID-DECEMBER.SSE PLC - SSE DOES NOT INTEND TO PROVIDE FURTHER COMMENT ON DISCUSSIONS WITH INNOGY UNTIL THAT UPDATE.SSE PLC - LIKELY THAT COMPLETION OF PROPOSED COMBINATION OF SSE ENERGY AND NPOWER WILL BE DELAYED BEYOND Q1 OF 2019.SSE PLC - IMPACT OF SOME RECENT MARKET DEVELOPMENTS MEAN THAT COMMERCIAL TERMS ASSOCIATED WITH PROPOSED COMBINATION OF WILL NEED TO BE RECONSIDERED.  Full Article

SSE Welcomes SSE Retail - Npower Deal Clearance By UK's CMA
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - SSE PLC ::STATEMENT RE: CMA FINAL REPORT.WELCOMES CMA'S PUBLICATION OF FINAL REPORT FOLLOWING INQUIRY INTO PROPOSED MERGER OF SSE RETAIL AND INNOGY SE GB RETAIL BUSINESS, NPOWER LTD.  Full Article

UK's CMA Clears Proposed Merger Between SSE Retail, Npower
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - UK's CMA::DECIDED THAT PROPOSED MERGER BETWEEN SSE RETAIL (SSE) AND NPOWER CAN PROCEED, FOLLOWING A THOROUGH REVIEW.INQUIRY GROUP FOUND THAT SSE AND NPOWER DO NOT COMPETE CLOSELY ON SVT PRICES.  Full Article

Ofgem Takes Compliance Action Against Retail Energy Suppliers
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - OFGEM::OFGEM TAKES COMPLIANCE ACTION OVER COMPLAINTS.4 COMPLIANCE CASES OPEN ON COMPLAINT HANDLING; OPENING CASES WITH FIRST UTILITY, OVO ENERGY, UTILITA, EXPANDING COMPLIANCE ENGAGEMENT WITH SCOTTISHPOWER.REQUIRES DOMESTIC SUPPLIERS SURVEYED- BRITISH GAS, NPOWER, UTILITY WAREHOUSE, SSE, EDF ENERGY, E.ON, CO-OPERATIVE ENERGY TO PROVIDE IMPROVEMENT PLANS.  Full Article

SSE Says Co Acquires 50 Pct Share Of Seagreen Wind Energy
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - SSE PLC ::SSE ACQUIRES 50 PCT SHARE OF SEAGREEN WIND ENERGY LTD.SSE ALREADY HOLDS OTHER 50 PCT SHARE OF JOINT VENTURE AND WILL PURCHASE FLUOR'S SHARE FOR A SINGLE PAYMENT OF £118 MILLION.  Full Article

SSE Maintains Its Outlook For The Year To March 31
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - SSE Plc ::NOTIFICATION OF CLOSED PERIOD.CONTINUES TO EXPECT TO RECOMMEND A FULL-YEAR DIVIDEND OF 97.5 PENCE PER SHARE FOR 2018/19.EXPECTS THAT ITS ADJUSTED OPERATING PROFIT FOR SIX MONTHS TO SEPT. 30 WILL BE AROUND HALF OF THAT DELIVERED IN SAME PERIOD IN 2017.ADJUSTED NET DEBT AND HYBRID CAPITAL IS EXPECTED TO BE AROUND 9.9 BLN POUNDS AT 30 SEPTEMBER 2018.OUTLOOK FOR YEAR TO 31 MARCH 2019 IS ALSO UNCHANGED.WILL ENGAGE CONSTRUCTIVELY WITH S&P FOLLOWING ITS 'NEGATIVE WATCH' ANNOUNCEMENT AND MOODY'S FOLLOWING ITS 'REVIEW FOR DOWNGRADE'.STILL EXPECTING ITS CAPITAL AND INVESTMENT EXPENDITURE TO TOTAL AROUND 6 BLN POUNDS ACROSS FIVE YEARS TO MARCH 2023.1.1 BLN POUNDS CAITHNESS-MORAY TRANSMISSION LINK IS NOW IN ADVANCED STAGE OF COMMISSIONING.REITERATES TECHNICAL GUIDANCE INCLUDED IN SSE'S TRADING STATEMENT OF SEPT 12 .  Full Article

Ofgem Asks Npower To Let Customers Join Larger Collective Switching Trial
Monday, 24 Sep 2018 

Sept 24 (Reuters) - UK's Ofgem::OFGEM ORDERS NPOWER TO CO-OPERATE FULLY IN TRIAL.ORDERS NPOWER TO ALLOW 100,000 OF ITS CUSTOMERS TO JOIN LARGER COLLECTIVE SWITCHING TRIAL.NPOWER IS SERVED WITH PROVISIONAL ORDER REQUIRING IT TO COMPLY FULLY WITH OFGEM'S TRIAL.  Full Article

E.ON Affirms Guidance After Profit Warning By Sse
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - E.ON SE ::AFFIRMS GUIDANCE AFTER PROFIT WARNING BY SSE.  Full Article

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UK stocks battered as May delays Brexit vote

MILAN British shares fell on Monday as a delay to a parliamentary vote on Prime Minister Theresa May's Brexit deal threw the country's political future into the unknown, hitting the pound and domestically-exposed companies from housebuilders to banks.