SSE to press on with flotation plan despite 38% fall in profits - News Summed Up

SSE to press on with flotation plan despite 38% fall in profits


SSE is looking at options to offload its energy services division, which supplies gas and electricity to about four million households AlamyBritain’s third biggest energy supplier could be listed as an independent company by late next year, its owner said yesterday, despite reporting a fall in profits and a continued customer exodus. SSE said that it was working on options to offload its energy services division, which supplies gas and electricity to about four million households, after the collapse of a proposed merger with Npower last year. The FTSE 100 group has appointed Katie Bickerstaffe, 52, former boss of Dixons Carphone UK, who had been due to lead the merged supplier, as executive chairwoman of the division and said that it was working “towards a listing or new, alternative ownership by the second half of 2020”. Adjusted operating profits at the supply business fell by 68…


Source: The Times May 22, 2019 23:02 UTC



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