SSE shares fall as energy firm admits merger with npower in trouble

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Deal delayed as companies say talks over new terms will take several weeks

 

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Good! Rip off company with high gas and electric costs (just like the other 'big' three😣😣)

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SSE and npower scrap merger plan amid 'challenging conditions'Government price cap and increasing competition are behind failure to reach a deal
Herkunft: The Guardian - 🏆 84. / 53 Weiterlesen »

Merger of SSE and npower is hanging in the balanceCompanies admit tie-up is threatened by government’s price cap and market conditions The big energy suppliers are big enough already. The merger of SSE and npower wouldn't benefit anyone apart from their shareholders. You make it sound like someone is about to toss a pancake...
Herkunft: The Guardian - 🏆 84. / 53 Weiterlesen »

SSE and NPower merger delayed over price capOfgem wants to cap the default electricity and gas bill at £1,136 a year, forcing the energy firms to redraw their merger plan. Interview on very irritating as interviewee kept pronouncing the word project as pro-ject ... and used it about 8 times in one paragraph.
Herkunft: SkyNews - 🏆 35. / 67 Weiterlesen »

SSE admits 'big six' merger now in doubtThe announcement of an energy price cap by regulator Ofgem has been blamed for holding up the planned SSE-npower tie-up. just goes to show they were going to merge to rip their customers off more
Herkunft: SkyNews - 🏆 35. / 67 Weiterlesen »