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United Kingdom

SSE PLC (SSE.L)

SSE.L on London Stock Exchange

1,363.50GBp
20 Jul 2018
Change (% chg)

11.50 (+0.85%)
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1,352.00
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1,344.50
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Latest Key Developments (Source: Significant Developments)

SSE says Co Committed To Deliver Five-Year Dividend Plan
Thursday, 19 Jul 2018 

July 19 (Reuters) - SSE PLC ::STRONGLY COMMITTED TO DELIVERING FIVE-YEAR DIVIDEND PLAN SET OUT IN MAY.RE-STATES SSE'S INTENTION TO RECOMMEND A FULL-YEAR DIVIDEND OF 97.5 PENCE PER SHARE FOR 2018/19, AS PART OF FIVE-YEAR DIVIDEND PLAN SET OUT IN MAY 2018..IN ADDITION TO DRY, STILL AND WARM WEATHER, FINANCIAL YEAR SO FAR HAS ALSO BEEN CHARACTERISED BY PERSISTENTLY HIGH GAS PRICES.TRENDS IN FINANCIAL YEAR SO FAR NEGATIVELY IMPACTED ON ADJUSTED OPERATING PROFIT IN Q1-18/19 BY AROUND £80M, COMPARED WITH PLAN.FOR 2018/19 SSE EXPECTS INVESTMENT AND CAPITAL EXPENDITURE TO BE AROUND £1.7BN AND AROUND £6BN ACROSS FIVE YEARS TO MARCH 2023.CONFIRMS DEMERGER OF SSE ENERGY SERVICES & COMBINATION OF THAT BUSINESS WITH NPOWER GROUP ON COURSE FOR COMPLETION BY END OF FINANCIAL YEAR.  Full Article

Marks and Spencer Group Says M&S Energy, SSE End Partnership
Thursday, 5 Jul 2018 

July 5 (Reuters) - Marks and Spencer Group PLC ::UPDATE ON M&S ENERGY AND SSE PARTNERSHIP.AFTER NINE YEARS, SSE AND M&S HAVE TAKEN DECISION TO END THEIR RELATIONSHIP.  Full Article

UK's OFGEM Says SSE To Pay £1 Mln After Inaccurate Annual Statements
Thursday, 7 Jun 2018 

June 7 (Reuters) - UK's OFGEM: :UK'S OFGEM SAYS SSE TO PAY £1 MLN AFTER INACCURATE ANNUAL STATEMENTS.SSE TO PAY £1 MLN AFTER INACCURATE ANNUAL STATEMENTS.INVESTIGATION FOUND BETWEEN JUNE 2014 AND SEPTEMBER 2015, SUPPLIER SENT OUT 1.15 MILLION ANNUAL STATEMENTS TO 580,000 PRE-PAYMENT METER CUSTOMERS.DUE TO AN IT CODING ERROR, SSE'S ANNUAL STATEMENTS HAD INACCURATE INFORMATION ON ALTERNATIVE CHEAPER TARIFF AVAILABLE TO CUSTOMERS.SOME SSE STATEMENTS OVERESTIMATED ANNUAL SAVINGS CUSTOMERS COULD MAKE BY CHANGING THEIR PRE-PAYMENT METER TO A STANDARD CREDIT METER.AVERAGE SAVING FOR EACH OF AFFECTED SSE CUSTOMERS WOULD ALSO HAVE BEEN LOW.CLOSED SSE CASE WITHOUT TAKING FORMAL ENFORCEMENT ACTION.INVESTIGATION FOUND THAT LEVEL OF HARM IS LOW AS ONLY A SMALL PROPORTION OF THOSE CUSTOMERS WOULD HAVE ACTED ON INFORMATION BY SWITCHING.  Full Article

Greencoat Wind, GLIL to buy further 14.9 pct of Clyde windfarm
Tuesday, 8 May 2018 

May 8 (Reuters) - SSE PLC ::SSE SAYS GREENCOAT UK WIND PLC AND GLIL INFRASTRUCTURE INTEND TO EXERCISE OPTION TO BUY A FURTHER 14.9 PCT OF CLYDE WINDFARM.SSE SAYS THE STAKE EQUATES TO 77.8 MEGAWATTS AND THE OPTION IS EXERCISED FOR 202 MILLION POUNDS ($274 MILLION) BEFORE COSTS.THE FURTHER PURCHASE OF THE FURTHER CLYDE SHAREHOLDING IS EXPECTED TO BE COMPLETED ON 20 MAY 2019.ONCE THIS OPTION IS EXERCISED, SSE'S SHARE IN CLYDE IS REDUCED TO 50.1 PCT, WHILE GREENCOAT UK WIND AND GLIL WILL HAVE THE REMAINING 49.9 PCT.  Full Article

Innogy Says Proposed Npower-SSE Merger Good For Competition
Tuesday, 8 May 2018 

May 8 (Reuters) - Innogy ::SAYS LOOKING FORWARD TO HELPING CMA IN IN-DEPTH INVESTIGATION OF NPOWER MERGER WITH SSE’S RETAIL AND ENERGY SERVICES BUSINESS.SAYS DID NOT PUT FORWARD MEASURES TO ADDRESS CMA’S CONCERNS BECAUSE WE FIRMLY BELIEVE THE MERGER WILL BE GOOD FOR COMPETITION AS IT STANDS.  Full Article

UK's CMA Say SSE-Npower Merger Referred For In-Depth Investigation
Tuesday, 8 May 2018 

May 8 (Reuters) - UK's CMA::UK'S CMA - SSE/NPOWER MERGER REFERRED FOR IN-DEPTH INVESTIGATION.UK'S CMA - CMA HAS REFERRED PROPOSED MERGER OF SSE RETAIL AND NPOWER FOR AN IN-DEPTH INVESTIGATION AFTER FINDING COMPETITION CONCERNS..UK'S CMA - SSE AND NPOWER DID NOT OFFER MEASURES TO ADDRESS CMA'S CONCERNS, AND SO IT HAS REFERRED MERGER FOR A MORE IN-DEPTH, PHASE 2 INVESTIGATION..UK'S CMA - A DECISION ON SSE-NPOWER MERGER WILL NOW BE MADE BY A GROUP OF INDEPENDENT PANEL MEMBERS SUPPORTED BY A CASE TEAM OF CMA STAFF.UK'S CMA - DEADLINE FOR FINAL REPORT IS 22 OCTOBER..  Full Article

SSE confident of convincing regulator on Npower deal
Thursday, 26 Apr 2018 

April 26 (Reuters) - SSE PLC ::SSE RESPONDS TO CMA DECISION ON NPOWER MERGER.REMAIN CONFIDENT THAT PROPOSED MERGER WILL DELIVER BENEFITS FOR CUSTOMERS AND FOR ENERGY MARKET AS A WHOLE AND THAT WE WILL BE ABLE TO DEMONSTRATE THIS TO CMA IN DUE COURSE..  Full Article

SSE Will Take Its Time To Assess Cma's Statement On Innogy's Npower Merger
Thursday, 26 Apr 2018 

April 26 (Reuters) - Sse Plc ::WILL TAKE ITS TIME TO ASSESS CMA'S STATEMENT ON INNOGY'S NPOWER MERGER.CEO - REMAIN CONFIDENT THAT PROPOSED MERGER WILL DELIVER BENEFITS FOR CUSTOMERS AND FOR ENERGY MARKET AS A WHOLE AND THAT WILL BE ABLE TO DEMONSTRATE THIS TO CMA IN DUE COURSE.SSE - WILL TAKE ITS TIME TO ASSESS CMA'S STATEMENT, BUT CONTINUES TO BELIEVE THAT PROPOSED MERGER WILL DELIVER BENEFITS FOR ENERGY MARKET AND ENERGY CUSTOMERS.  Full Article

UK's CMA appoints group of panel members to determine EDF and SSE's appeal on Ofgem's decision
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - UK'S CMA::HAS APPOINTED A GROUP OF PANEL MEMBERS TO DETERMINE EDF AND SSE'S APPEAL ON OFGEM'S DECISION.APPOINTED JOHN WOTTON (CHAIR), ANNE FLETCHER AND JON STERN TO DETERMINE EDF AND SSE'S APPEAL ON OFGEM'S DECISION.  Full Article

Innogy says hired Goldman Sachs in retail tie-up with SSE
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Innogy :Ceo says we are confident to receive antritrust approval for british retail merger with sse sse.l.Ceo says npower had 4.594 million customers in britain at the end of q3.Ceo says no plans to merge retail businesses in other markets, including in the netherlands.Ceo says there will be no bookbuilding for planned tie-up with sse sse.l.Ceo says we have mandated goldman sachs, sse sse.l has mandated credit suisse.Ceo says npower has book value of 2.1 billion pounds.Ceo, asked about potential writedowns on npower, says cannot comment.  Full Article

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Britain set for energy price caps after new law approved - regulator

LONDON Around 5 million British households are set for lower energy bills this winter after parliament approved a law on gas and electricity tariff price caps, energy regulator Ofgem said on Thursday.