Big Six energy supplier SSE will make its first dividend cut ever following its exit from the supply market to refocus on generating and distributing gas and power. The FTSE 100 giant will offer shareholders one last payout bonanza, despite tumbling profits and the loss of 430,000 customers, before cutting the payouts for the first time in its history at the end of the decade.
Telegraph 25th May 2018 read more »
SSE lost more than 430,000 customers over the past year, putting a dent in profits as it gears up for a merger with Npower. The energy provider said the number of retail customer accounts fell to 8.03 million in the year to March, from 8.47 million in the previous year.
Independent 25th May 2018 read more »