Today news
About the same in other media
Scottish Power profits drop amid soaring wholesale gas prices
Reading now: 617
Scottish Power has reported a 39% drop in underlying profits at its division that delivers gas and electricity to households, as it was hit by soaring wholesale energy costs and low wind volumes.
Keith Anderson, Scottish Power’s chief executive, said the energy crisis was “a stark reminder of why we have to decarbonise our energy sector quickly and efficiently”.
The company, one of Britain’s biggest energy suppliers, which is owned by the Spanish company Iberdrola, made earnings before interest, tax, depreciation and amortisation (Ebitda) – a measure of underlying profit – of £83m at its UK retail business in the nine months to the end of September, down £54m from a year earlier.
Retail customer numbers at the end of September were flat
Read more on theguardian.comAbout this in other media
Google survives £3bn class action as lawyers predict drop in group claims fnlondon.com /3 years ago
UK firms offer up to £2,000 sign-on bonuses amid Christmas labour shortage theguardian.com /3 years ago
Major Swedish Power Company Defends Bitcoin Mining as Regulators Propose Ban cryptonews.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
