200,000 customers dumped ScottishPower in 2017
ScottishPower said today that it lost about 200,000 retail customers in 2017, resulting in a 50% drop in earnings for its generation and supply business. The firm, owned by Bilbao-headquartered Iberdrola, said it had 5.1million customers at the end of 2017, compared to 5.3million a year earlier. Adjusted earnings for the division fell 49.3% to […]
Subsea 7 Buys into Xodus Group
zoomSteve Swindell, managing director of Xodus Subsea 7 has agreed to acquire a 60% holding in Xodus Group from Chiyoda. Chiyoda will retain a 40% holding as a joint venture partner. This investment by Subsea 7 should help the future development and growth of Xodus and complements the existing support from Chiyoda. Xodus […]