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 software
with 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.