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It would add SSE’s customer base of 7.77 million households to Npower’s 4.8 million.The talks came as SSE prepared for regulatory changes that could have a significant effect on its business after the UK Government announced a price cap on poor value energy tariffs.The Glasgow-based multi-utility business saw a fall back in its profits to £624.7m from nearly £705m on turnover which was reduced from £6.59bn to £5.42bn.The Glasgow-based power company also cut its number of employees by 4.8 per cent to 6,205 and despite the falling numbers, the profit per employee fell by nearly seven per cent to nearly £101,000.Rising to number six in the Top 500 listing from its previous ninth place was Making up the top ten companies are three financial services companies, two utilities, two transport/automotive companies, two drinks companies and temporary power company This compares to two years ago when there were five financial services businesses, two energy businesses (John Wood Group and Subsea 7), one utility (SSE), with engineering represented by Weir Group and temporary power company Aggreko.Its financial performance saw its turnover rise from just under the Top500 threshold of £20m to nearly £23m with profits rising from £4.01m to £4.3m.The firm also boosted its profit per employee figure by more than 30 per cent to £12,169.
Launched in September, the initiative would help the company’s 8,500 employees to perform tasks as per their profile. Ourexplains more about how we use your data, and your rights.
Business Profits jump at top 100 Scottish private companies Operating profits at Scotland's top private businesses have jumped by almost two-thirds over the past 12 months, a new review suggests. This report ranks the Global Top 100 public companies by market capitalisation as at June 2020. See which companies made the list.
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