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.
If only
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Barclays warns of significant rise in social media investment scams
Investment scam victims are losing an average £14k, with 61% of those falling for one over social media. Here's how to spot one and keep your money safe
By Oojal Dhanjal Published
-
Over a thousand savings accounts now offer inflation-busting rates – how long will they stick around?
The rate of UK inflation slowed again in March, boosting the opportunity for savers to earn real returns on cash in the bank. But you will need to act fast to secure the best deals.
By Katie Williams Published
-
Sector in the news: The energy companies
Features Public anger has been directed at energy companies in recent days, says Phil Oakley. Yet, these two providers could be worth buying for the long term.
By Phil Oakley Published
-
Shares in focus: Stability and growth from Scottish energy
Features There's plenty to like about this utilities stock. But do the shares represent good value, and is now the time to buy in? Phil Oakley investigates.
By Phil Oakley Published