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Ovo Energy Ltd

  • Monday, 2 September, 2024
    Ovo’s earnings rose 11-fold in wake of energy crisis

    UK energy companies were allowed by regulator to recoup rising costs through customer bills

    Advertising for Ovo Energy on the side of a bus
  • Tuesday, 12 March, 2024
    Starling Bank Ltd
    Starling Bank poaches Ovo chief for next phase of growth

    Raman Bhatia to take up helm in summer following exit of Anne Boden last year

    Raman Bhatia at a summit in November 2023
  • Friday, 21 July, 2023
    Ovo Group investors raise stake after ‘challenging’ year for energy supplier

    Mayfair Equity Partners and Morgan Stanley lift holdings as UK company reports 90% drop in profit

    A customer checks their payments on the Ovo Energy app
  • Friday, 21 October, 2022
    Ovo Energy was on regulator’s watchlist for nationalisation

    Ofgem drew up plans this summer for company behind this week’s late bid for failed rival Bulb

    Advertising for Ovo Energy on the side of a bus
  • Thursday, 20 October, 2022
    UK energy
    Ovo Energy launches eleventh-hour approach for collapsed rival Bulb

    UK supplier moves after close of sales process and with Octopus the only remaining bidder

  • Sunday, 25 September, 2022
    Energy group Ovo warned of financial peril before UK government help

    Newly released accounts show company expected to breach banking covenants because of soaring prices

    Submitting a gas and electric meter reading to an energy company using an App on a smartphone
  • Thursday, 13 January, 2022
    Ovo Energy to axe 1,700 jobs as crisis bites

    UK’s third-biggest energy retailer seeks to cut costs as volatile gas market puts strain on sector

    A gas hob
  • Monday, 10 January, 2022
    UK energy
    Cuddle your pet to keep down bills, says energy supplier Ovo

    Company sparks fury with ‘insensitive’ advice to customers to stay warm over winter

    A woman petting a dog and cate
  • Monday, 4 October, 2021
    Energy sector
    Ovo prepares bid for Bulb

    Deal would create UK’s second-biggest energy supplier as sector reels from surging prices

    Ovo was founded by former City trader Stephen Fitzpatrick
  • Friday, 18 June, 2021
    City InsiderBryce Elder
    Virgin territory as Ovo founder takes to the skies

    Parallels between Fitzpatrick and Branson empires don’t stop at getting off the ground

  • Monday, 5 October, 2020
    UK energy
    UK households will need help paying winter bills, warns supplier

    Ovo Energy chief expects customers to struggle as government scales back jobs scheme

    Ovo and other energy suppliers say there has been a ‘notable increase’ in recent weeks in customers contacting them for help
  • Tuesday, 19 May, 2020
    UK energy supplier Ovo to cut 2,600 jobs

    Meter readers and back-office roles face cull as virus emergency hits business

  • Thursday, 2 April, 2020
    Centrica PLC
    Centrica suspends dividend as Ovo furloughs 3,400 workers

    First signs of severity of coronavirus pandemic on UK energy sector 

    Centrica’s York platform at the Heerema plant in Hartlepool, northern England in 2012
  • Wednesday, 29 January, 2020
    LombardKate Burgess
    Virgin Money must listen to shareholders on pay

    It is hard to see how chief executive’s remuneration matches investors’ suffering

    David Duffy, chief executive officer of CYBG Plc, pauses during a Bloomberg Television interview in London, U.K., on Tuesday, May 15, 2018. CYBG Plc, one of the U.K.'s so-called challenger banks, increased provisions by 350 million pounds ($474 million) in the first half for improperly selling payment protection insurance. Photographer: Chris J. Ratcliffe/Bloomberg
  • Wednesday, 29 January, 2020
    UK energy supplier Ovo to pay £8.9m in fines

    Group issued customers with inaccurate or incomplete information over five years, says regulator

    Gas hob
  • Thursday, 19 September, 2019
    Energy group Ovo promises to eliminate customer CO2 emissions

    Commitment is one of the biggest by a UK supplier, covering electric and gas power

    Ovo founder Stephen Fitzpatrick said the group would provide customers ‘with tools and services they need to help them eliminate the carbon emissions from their homes’
  • Friday, 13 September, 2019
    City Bulletin
    Opening Quote: Ovo leaps into the UK energy big leagues

    Your morning City briefing on companies in the news, job moves and what’s happening in the markets

    A sign sits outside Ferrybridge coal fired power station as vapor escapes from chimneys and cooling towers, in Ferrybridge, U.K., on Tuesday Nov. 26, 2013. SSE Plc, the U.K.'s second-biggest energy supplier, pledged to curb increases in customer bills if the government cuts environmental levies that push up tariffs. Photographer: Chris Ratcliffe/Bloomberg
  • Friday, 13 September, 2019
    SSE PLC
    Ovo joins top tier of UK energy suppliers with £500m SSE deal

    Acquisition of rival’s retail unit will create Britain’s second-biggest household provider

    File photo dated 21/07/11 of Scottish and Southern Energy Training Centre in Perth, as the energy supplier revealed it lost another 230,000 customer accounts as households continued to switch away from the Big Six to cheaper rivals. PRESS ASSOCIATION Photo. Issue date: Thursday July 20, 2017. SSE blamed a "highly competitive" market after total customer accounts in the UK and Ireland dropped to 7.77 million in its first quarter to the end of June from 8 million a year earlier. See PA story CITY SSE. Photo credit should read: Andrew Milligan/PA Wire
  • Saturday, 10 August, 2019
    UK energy
    SSE in talks with Ovo over sale of UK energy business

    Deal would make Bristol company second largest supplier of electricity and gas in country

    Power transmission lines hang from electricity pylons near Ferrybridge coal fired power station, operated by SSE Plc, in Ferrybridge, U.K., on Wednesday, Feb. 10, 2016. By the end of March, SSE Plc will probably have closed almost all its coal generation in the U.K. after the clean-dark spread, a measure of the profitability of burning the fuel, turned negative. Photographer: Matthew Lloyd/Bloomberg
  • Thursday, 14 February, 2019
    Utilities
    Mitsubishi takes 20% stake in Ovo Energy

    Japanese group seeks foothold in digital energy with move into UK challenger

    Stephen Fitzpatrick, Ovo CEO and founder
  • Tuesday, 27 November, 2018
    UK energy provider Ovo acquires Spark after failure
  • Friday, 2 February, 2018
    Energy sector
    Energy watchdog opens investigation into challenger supplier Ovo
    CONSUMER Gas 3...A gas hob burns as British government ministers continue to monitor the fall-out from a gas dispute between Russia and Ukraine, Monday 2 January, 2006, amid fears it could spark shortages in Europe and hike prices in the UK.  Energy Minister Malcolm Wicks insisted that there was "no immediate threat" to UK supplies despite it now being a net importer of gas.  See PA story CONSUMER Gas.  PRESS ASSOCIATION Photo.  Photo credit should read: Matthew Fearn/PA
  • Tuesday, 22 August, 2017
    Energy sector
    OVO appoints Number 10 energy advisor as chief of staff to CEO
  • Wednesday, 22 February, 2017
    Energy sector
    Energy price rises can be explained in some cases – Ofgem chief
  • Wednesday, 2 March, 2016
    Energy sector
    Energy suppliers forced to open customer databases to rivals

    CMA move comes as part of package of proposals after probe into whether households being overcharged

    Competition and Markets Authority booklets
Previous page You are on page 1 Next page

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