SSE PLC (SSE.L)
12 Nov 2019
Thu, Oct 24 2019
Oct 24 The UK Competition and Markets Authority (CMA) said on Thursday it was looking into whether OVO Energy's 500 million pound ($646.00 million) deal to buy power company SSE Plc's retail arm will lessen competition in the United Kingdom.
LONDON Relative newcomer OVO Energy is set to become one of Britain's Big Six energy suppliers after striking a 500 million pound ($622.65 million) deal to buy SSE's retail arm, announced on Friday.
* SSE to focus on renewable energy and networks business (Updates with graphic - https://tmsnrt.rs/31icnvK)
SSE has agreed to sell its British retail energy business to OVO Group for 500 million pounds ($617 million), catapulting a relative newcomer to a leading role among the country's electricity suppliers.
Sept 13 British energy provider SSE Plc said on Friday it had agreed to sell its SSE Energy Services business to OVO Energy Limited, a unit of OVO Group Limited, for an enterprise value of 500 million pounds ($617.6 million).
July 18 Power company SSE Plc on Thursday reported a 1.2% dip in customer accounts and stuck to its full-year targets despite seeing a dip in the volume of renewable energy delivered in its first quarter compared to previous expectations.
June 13 British energy supplier SSE Plc said on Thursday it plans to close its Fiddler's Ferry coal-fired plant in northwest England, as the UK focuses on green energy.
May 22 Energy supplier SSE Plc said on Wednesday annual earnings fell more than a third as it battled stiff competition and warned of an uncertain outlook due to the opposition Labour party's plans to nationalise Britain's energy networks.
May 22 British energy supplier SSE Plc on Wednesday missed analysts' expectations for annual profit and warned of another hit to results in 2019 as it battled stiff competition and rising costs.