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Ovo Energy lines up audacious SSE retail deal

Ovo Energy lines up audacious SSE retail deal

Business
By Mark Kleinman, City editor Ovo Energy, the decade-old gas and electricity supplier, is plotting a move into the ranks of Britain's biggest utilities with a bid to acquire the retail operations of SSE.Sky News can exclusively reveal that Ovo has been in discussions for a number of months with SSE, the FTSE-100 group, about a deal. A transaction is not certain to be struck, but sources close to the situation said this weekend that it could be agreed in outline within weeks.If a deal is completed, it would pave the way for SSE's exit from the challenged UK energy retail market and catapult Ovo into the big league of British power suppliers.Under its pioneering chief executive, Stephen Fitzpatrick, Ovo has already amassed 1.5 million customers, some of ...
Babcock lines up Cairnie to engineer turnaround

Babcock lines up Cairnie to engineer turnaround

Business
By Mark Kleinman, City editor Babcock International Group, the company which maintains the UK's fleet of nuclear submarines,‎ is lining up a director of Rolls-Royce to become its next chairman in a landmark appointment for British industry.Sky News has learnt that Babcock has identified Ruth Cairnie, a former Royal Dutch Shell executive, as the preferred candidate to replace Mike Turner. An announcement about the successor to Mr Turner, one of the leading figures in British industry over the last two decades, could be made as soon as next week.If her appointment is confirmed, it would make Ms Cairnie the first woman to chair one of Britain's largest industrial groups - at a time of intense scrutiny of female representation in blue-chip boardrooms.Alongsid
EPS to enter new business lines in digital banking

EPS to enter new business lines in digital banking

Finance
PUNE: Electronic Payment and Services (EPS), a retail banking technology service provider, is diversifying its business by entering the fraud and risk management and transaction processing and enterprise reconciliation markets. The company has partnered with Morocco-based m2m and Dubai-headquartered Ascent Business Group to use their products for these segments, said Thyagarajan Seshadri, president, banking relations at EPS. Set up in 2011, EPS started out offering end-to-end ATM operations and outsourcing services for public sector banks in India. It currently runs more than 12,500 brown-label ATMs for banks like State Bank of India, Canara Bank and Bank of India. Brown-label ATMs are owned by banks and the management of these is outsourced to firms like Electronic Payment and Services....
Pope's cover-up crisis turns battle lines into first salvo

Pope's cover-up crisis turns battle lines into first salvo

World
The author of the bombshell accusation of sex abuse cover-up against Pope Francis denied Wednesday he acted out of revenge or anger, breaking his silence as his claims continued to divide a Catholic Church already polarized under Francis' reformist agenda. While the Vatican is no stranger to scandal, leaks or plots, Archbishop Carlo Maria Vigano's j'accuse has weakened a papacy already under fire for Francis' poor record on dealing with sex abuse cases, and has intensified a long-simmering ideological battle between right and left for the soul of the Catholic Church. Vigano told an Italian journalist he was "serene and at peace" after publishing his allegation-laden declaration, albeit saddened by subsequent attempts to undermine his credibility. "I spoke out because by now the corruptio...