"The home energy suppliers E.ON (EOAN GY) and Ovo are targeting next week to announce a merger creating a gas and electricity retailer", Sky News' Kleinman reports

The potential merger between E.ON and Ovo could reshape the competitive landscape in the European utilities sector, particularly in gas and electricity retailing.

Newsquawk StaffPublished 8 May 2026, 11:58 UTCOn the live feed at 11:38 UTC — 1 more headline followed before this page went public

Newsquawk headlinesUTC

12:00

PREVIEW [REPOST]: US Nonfarm Payrolls (April) due 8th May 2026 at 13:30BST/08:30EDT

11:41

DeepSeek to raise over USD 7bln as startup plots revenue efforts, via The Information citing sources; The company aims to release an update to its V4 model, V4.1, in June

11:38

"The home energy suppliers E.ON (EOAN GY) and Ovo are targeting next week to announce a merger creating a gas and electricity retailer", Sky News' Kleinman reports

11:31

FIS (FIS) Q1 2026 (USD): Adj. EPS 1.36 (exp. 1.29), Revenue 3.3bln (exp. 3.28bln)

11:30

PPL (PPL) Q1 2026 (USD): Adj. EPS 0.63 (exp. 0.62), Revenue 2.774bln (exp. 2.51bln), reaffirms FY guidance and long-term growth targets

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

Context

This deal not only signals consolidation in a critical industry but also reflects ongoing pressures for efficiencies and innovation amidst regulatory changes. Investors should monitor market reaction closely, as the implications for valuations and sector dynamics could be significant.

Equities · last 90 days

Recent headlines that moved markets

EQUITIES/8 Sept · 05:24 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Equity indices, after we published−0.3%

Modest downside seen across equity futures as energy prices tick higher.

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

Equity indices, after we published−3.3%

EQUITIES/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

ES, after we published−0.2%

EQUITIES/26 Aug · 12:56 UTC

States and Meta (META) and agree to settle claims that platforms harmed children, according to a court filing; Meta agrees to pay a maximum of USD 16.68bln to states as part of deal

Market, after we published+2.6%

EQUITIES/7 Sept · 10:54 UTC

Saudi Aramco Jizan oil facilities were reportedly hit in new strikes, the FT reports citing sources; hit on Monday, damage is being assessed.

Equity indices, after we published−0.1%

EQUITIES/7 Sept · 09:15 UTC

Volkswagen (VOW3 GY) says that the Co., Lower Saxony and Aurelius Capital have agreed on key terms for the sale of Osnabrueck Plant; aims to secure the site and majority of jobs in the long term.

Market, after we published+1.6%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.