If you’d invested in: Aveva and SSE
IT software group Aveva is hoping to become a global powerhouse, while energy supplier SSE is seeing customers leaving in their droves.
Aveva Group (LSE: AVV) markets and develops IT software and services for engineering companies. In September last year, the Cambridge-based business agreed to merge with French group Schneider Electric in a £3bn move it said would create a global leader in engineering and industrial softwarewith estimated revenues of £657m. In February this year, it announced the appointment of Craig Hayman from US software firm PTC as its new chief executive. Aveva's current boss, James Kidd, will move to a deputy position and become chief financial officer.
Be glad you didn't buy
SSE (LSE: SSE)is Britain's second-largest energy supplier. It also supplies phone and broadband as well as boiler cover to UK homes. In November last year, the firm announced plans to merge and spin off its household energy supply and services businesses to German-owned Npower. However, SSE has suffered as customers move in search of cheaper energy bills. In the third quarter, 40,000 customers left, following a loss of 50,000 in the second quarter.