Tag Archives: SSE

Business, Finance, Occupation & Industry

SSE Fined £10.5 Million for Mis-Selling

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By Maynard Paton, The Motley Fool

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LONDON — The shares of SSE  slipped 2 pence to 1,505 pence during early London trade this morning after the FTSE 100 member was fined £10.5 million by Ofgem.

SSE, which supplies electricity and gas to more than 9.5 million household and business customers within the U.K. and Ireland, was found by the regulator to have “consistently failed, over a prolonged period of time, to conduct its sales activities in a way that would provide clear and accurate information on prices and potential savings”.

Sarah Harrison, a senior partner in charge of enforcement at Ofgem, said: “In order to restore trust in the energy market suppliers must comply with their obligations and play it straight with consumers. Ofgem’s findings show SSE failed its customers, mis-sold to them and undermined trust in the energy supply industry.”

SSE said it was “deeply regretful that breaches occurred and apologises unreservedly to any customers who have been affected by sales activity which ran counter to the values and culture of the company.“

A large proportion of the mis-selling occurred between October 2009 and July 2011 and involved doorstep selling. Ofgem claimed SSE‘s board paid “insufficient attention to compliance” and failed to adequately monitor and audit doorstep, in-store and over-the-phone sales activity.

The £10.5 million fine, plus a £5 million compensation fund SSE has established, compares to group profits of £1.3 billion recorded during the twelve months to March 2012.

During January, SSE said its profits would advance by about 4% while its shareholder dividend would be raised from 80.1 pence to around 84 pence per share.

Such a lift would place the shares on a dividend yield of 5.6%.

Of course, whether today’s confirmation of mis-selling, that 5.6% income and the general prospects for the utility sector all combine to make SSE a buy right now is something only you can decide.

But if you already own SSE shares and are looking for alternative opportunities that come without a mis-selling embarrassment, this exclusive wealth report reviews five particularly attractive FTSE possibilities.

Indeed, all five blue chips offer a mix of robust prospects, illustrious histories and dependable dividends, and have just been declared by the Fool as “5 Shares You Can Retire On”!

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The article SSE Fined £10.5 Million for Mis-Selling originally appeared on Fool.com.


Maynard Paton has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

A Closer Look at 5 FTSE Boardrooms

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By Tony Reading, The Motley Fool

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LONDON — Management can make all the difference to a company’s success and thus its share price.

The best companies are those run by talented and experienced leaders with strong vested interests in the success of the business, held in check by a board with sound financial and business acumen. Some of the worst investments to hold are those run by executives collecting fat rewards as the underlying business goes to pot.

In recent weeks, I’ve assessed the boardrooms of five companies within the FTSE 100: Antofagasta , Fresnillo , Rexam , Weir Group  and WPP . Today I am going to summarize what I found.

Five FTSE boardrooms
I analyze management teams from five different angles, giving each a score out of five to make a maximum score of 25. Here’s my overall assessment:

 

Repu-
tation

Perform-
ance

Com-
position

Remun-
eration

Share-
holdings

Overall
Score

WPP

5

4

5

1

4

19

Rexham

4

4

4

3

4

19

Weir Group

2

4

4

3

4

17

Antofagasta

3

3

1

2

3

12

Fresnillo

4

3

0

3

1

11

Top spot
WPP and Rexam share top spot. WPP‘s chairman Sir Martin Sorrell is so well-known that its website barely bothers to provide a CV. Sir Martin created the company from virtually nothing by a series of audacious takeovers, and it’s now one of three global players.

WPP also boasts a former U.S. ambassador to the U.K. and deputy White House chief-of-staff as its chairman. It’s an impressive looking board all round. But Sir Martin‘s generous pay package-£13 million last year-is a sore point with investors.

Turnaround
Fewer investors are familiar with Rexam‘s CEO Graham Chipchase. But he’s done a remarkable job of turning the packaging company around since he became CEO in 2010, a job dubbed a “poisoned chalice” at the time by one analyst. Shares have risen 70% on the back of asset disposals, cost cutting, and moves into emerging markets.

Weir has two members of the House of Lords on its nine-strong board, though Chairman Lord Smith of Kelvin is perhaps more occupied with his chairmanship of the much-bigger SSE and the new Green Investment Bank. Weir’s shares have tripled since Keith Cochrane became CEO, though an earlier less successful spell at Stagecoach, together with a finance director in his first commercial role, gives the company a slightly under-average score for directors’ reputation.

Miners
The two South American miners in the FTSE 100 score poorly. Both companies are family run firms but that doesn’t necessarily equate to poor corporate governance, as companies such as Schroders and ABF testify.

Jean Paul Luksic, whose family owns 65% of Antofagasta, is its executive chairman. That means there’s no separation of chairman and CEO roles, and no finance director with fiduciary responsibility to shareholders. The recently appointed CEO of Antofagasta’s operational subsidiary is well-respected, but not being on the main board his first responsibility is to his employers, not shareholders.

Governance is even more an issue at Fresnillo, where its parent mining company Peñoles owns 77% of the shares and is thus able to enforce special company resolutions over the heads of minority shareholders. Fresnillo’s chairman owns and controls Peñoles. Again there is no finance director, …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Are Any of These Shares a Buy?: Gulf Keystone Petroleum, SSE, and Unilever

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By Royston Wild, The Motley Fool

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LONDON — I have recently been evaluating the investment cases for a multitude of FTSE 100 companies.

Although Britain‘s foremost share index has risen 8.4% so far in 2013, I believe many London-listed stocks still have much further to run, while conversely others are overdue for a correction. So how do the following five stocks weigh up?

Gulf Keystone Petroleum
Despite Gulf Keystone Petroleum‘s mammoth 1.6 million pound cap, the firm is currently listed on the London Stock Exchange’s AIM index rather than the FTSE 100. The company holds a raft of promising oil assets in the Middle East, although I would advise investors to stay their hand until the results of its long-standing litigation battle is known.

Shares have trained gradually lower in recent months as fears surrounding its ongoing litigation with Excalibur Ventures drags along. The latter has claimed up to 30% of Gulf Keystone‘s massive oil assets in Kurdistan, Iraq, in a legal battle that has been roiling since mid-2011.

A decision on the matter is expected some time in the summer, and I expect a ruling in Gulf Keystone‘s favor will blast share prices higher, with positive drilling results in recent times underlining its excellent growth prospects.

In February, testing at its Bakrman-1 exploration well yielded another discovery at the Akri-Bijeel Block in Kurdistan, while it is also due to ramp up exploration and development work at the gargantuan Shaikan oil field in coming months.

SSE
I am backing electricity provider SSE to remain a stellar pick among income investors owing to its juicy dividend policy. And stakeholders can be confident of future payout rates due to its ultra-defensive operations in the utilities sector.

SSE‘s projected dividend yield of 5.8% for the year ending March 2013 remains well north of the 3.5% FTSE 100 average, and forecasters expect this to advance to 6% and 6.3% in 2014 and 2015, respectively. The firm continues to build chunky shareholder payouts, with 2012’s dividend of 80.1 pence expected to rise to 84.4 pence, 88.2 pence, and 92 pence in the following three years.

City analysts expect earnings per share to accelerate over the medium term, with growth of 1% in 2013 projected to increase 3% next year and 8% in 2015.

The company is changing hands on a price-to-earnings (P/E) ratio of 13.1 for the current year, but it is expected to fall to 12.7 and 11.8 in 2014 and 2015, respectively, which I consider a decent value given steady earnings growth estimates and rising shareholder payouts.

TUI Travel
Travel operator TUI Travel provides excellent growth prospects owing to its rising market share in Britain and key European markets and increasing activity through its online platform.

In its February update, the firm advised that it had shifted almost a third of its mainstream summer holiday packages already, with summer 2013 bookings in the U.K. and Nordic regions up 9% and 10% on year, respectively.

City brokers anticipate earnings per share to rise 7% in the …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

The Men Who Run the Weir Group

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By Tony Reading, The Motley Fool

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LONDON — Management can make all the difference to a company’s success and thus its share price.

The best companies are those run by talented and experienced leaders with strong vested interests in the success of the business, held in check by a board with sound financial and business acumen. Some of the worst investments to hold are those run by executives collecting fat rewards as the underlying business goes to pot.

In this series, I’m assessing the boardrooms of companies within the FTSE 100 (UKX). I hope to separate the management teams that are worth following from those that are not. Today I am looking at Glasgow-based pump-maker Weir Group .

Here are the key directors:

Director

Position

Lord Smith of Kelvin

(non-exec) Chairman

Keith Cochrane

Chief Executive

Jon Stanton

Finance Director

Another chairmanship
Lord Smith of Kelvin has been chairman since 2002, and has also chaired the bigger FTSE 100 member SSE since 2005. A chartered accountant, he is a former chairman of the BBC and CEO of Morgan Grenfell Asset Management.

In addition to sitting as a crossbench life peer and holding a slew of public service appointments, he is also chairman of the new Green Investment Bank. If I were a Weir shareholder I’d be concerned whether the company gets his full attention.

Results at this job better than the last
Keith Cochrane is also a chartered accountant, and was finance director from 2006 to 2009, when he was elevated to CEO.

Cochrane started his career with Arthur Andersen in Glasgow, and moved to Perth-based Stagecoach after working on its flotation. He rose to become finance director and then CEO of Stagecoach under executive chairman and founder Brian Souter.

This was a turbulent time for Stagecoach, with Cochrane spending half his time in the U.S. trying to turn around its troubled acquisition Coach USA, and he resigned in 2002 after disappointing results.

He joined Scottish Power in 2003 and was effectively deputy finance director, having been passed over for the top job in favor of Simon Lowth, now AstraZeneca‘s finance director. Cochrane’s leadership of Weir has been more fruitful, with the shares tripling during his tenure as CEO.

First FD role
Jon Stanton is in his first finance director role, having joined Weir in 2010 from Ernst & Young. Staunton had joined Ernst & Young in 1988, becoming a partner in 2001, and was in charge of the audit of FTSE 250 engineer Invensis.

Weir has six non-execs. They are an impressive bunch for such a small FTSE 100 constituent, led by senior independent director Lord Robertson of Port Ellen, the former defense secretary and NATO Secretary General. Weir is remarkably well-represented in the House of Lords.

Notably there are non-execs with backgrounds in each of Weir’s three main markets, mining, oil and gas, and power.

I analyze management teams from five different angles to help work out a verdict. Here’s my assessment:

1. Reputation. Management CVs and track record.

Inauspicious.

Score 2/5

2. Performance. Success at the company.

Excellent.

Score 4/5

3. Board Composition. Skills, experience, …read more
Source: FULL ARTICLE at DailyFinance
Business, Finance, Occupation & Industry

BP Launches $8 billion Share Buy-Back Scheme

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By Sam Robson, The Motley Fool

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LONDON — BP  this morning announced its intention to carry out a share repurchase program with a value of up to $8 billion, or £5.3 billion — a bigger cash return than had been previously expected.

Yesterday, the oil Goliath completed the sale of its 50% stake in TNK-BP to Russian state oil company Rosneft for $12.5 billion, which now becomes the world’s largest listed oil producer.

BP‘s original investment in 2003 saw around $8 billion in cash, shares and assets go into the formation of TNK-BP, and today’s news backs its promise to return that money to shareholders. The remaining proceeds from the sale will be ploughed into the company in order to reduce its debt.

Chief executive Bob Dudley commented: 

BP is moving on to the next phase of its business in Russia, becoming the largest private shareholder in Rosneft, Russia‘s leading oil company. In the process we have also released cash, equivalent to at least six years of BP‘s anticipated future dividends from TNK-BP. We look forward now to working closely with Rosneft and together developing opportunities to create value for both companies.

Buy-back schemes are often undertaken with the intention to increase the value of shares, and BP‘s have seen a 12 pence, or 2.7%, increase in early trade to reach 461.45 pence.

The move follows further disposals by BP, such as the sale of its 50% non-operated stake in the Sean gas field in the North Sea to SSE, intended to help cash flow and maintain its ability to pay dividends. Indeed, during the first nine months of 2012, BP raised $5 billion from disposals, and currently yields 5%.

If you are seeking other high-dividend possibilities, this exclusive free report could assist your investment decisions. The report, newly updated for 2013, reveals the favorite income stocks held by Neil Woodford — the City fund manager who has thrashed the FTSE 100 by favoring dividend-paying blue chips.

To receive all these Neil Woodford dividend ideas today — and to learn the investing logic behind them — just click here.

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The article BP Launches $8 billion Share Buy-Back Scheme originally appeared on Fool.com.


Sam Robson has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

3 Neil Woodford High-Yield Shares

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By G. A. Chester, The Motley Fool

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LONDON — Ace City investor Neil Woodford has thrashed the FTSE 100 over the last five, 10, and 15 years. Hence, I always keep an eye on his holdings for promising investment ideas.

Woodford is very selective in picking shares for his 20-billion pound funds. Fewer than one in five of the U.K.’s top 100 companies earn a place in his market-beating portfolios.

The following three firms all offer prospective dividend yields of over 5%:

Company

Share price (pence)

Dividend yield

SSE 

1,484

6%

GlaxoSmithKline 

1,519

5.2%

Imperial Tobacco 

2,360

5.2%

SSE
Woodford holds two of the four FTSE 100 utilities. SSE — formerly Scottish & Southern Energy — is one of his two. Analyst forecasts put SSE on a juicy 12-month forward yield of 6%, which is the highest income on offer among the utilities.

The company told us within an update during January that it expects to pay out a dividend of around 84 pence for the year ending March 2013 — in line with its targeted payout of 2% above retail price inflation. Analysts are forecasting the dividend will grow by 4% to 5% a year for each of the next two years.

GlaxoSmithKline
Woodford has put a lot of faith in the pharmaceuticals sector. GlaxoSmithKline is one of his biggest bets, weighing in at a hefty 8% of his portfolios. According to analyst forecasts, the U.K.’s biggest drugs group is on a healthy forward yield of 5.2%.

Glaxo reported strong cash generation for 2012 when it released its annual results last month. The board said it remains committed to using free cash flow to support increasing dividends. Analysts are forecasting slightly stronger dividend growth for Glaxo than for SSE over the next two years: 5% to 6% annually for Glaxo versus SSE‘s 4% to 5%.

Imperial Tobacco
Tobacco is another sector that Woodford has backed heavily, and Imperial Tobacco is a top-10 holding in his funds, with a weighting of close to 5%. Analyst forecasts put Imperial on a smoking 5.2% forward yield.

The company told us during January that the first quarter had seen worsening trends in some of its markets, including the EU and Russia. However, the group’s four key brands and emerging markets continued to show good growth momentum. Analysts have pencilled in strong dividend growth of 10% for the current year to September, and the same again for 2014.

Woodford excels at finding big dividend-paying winners for his market-beating funds, and two of the three shares I’ve highlighted are featured within this newly updated Motley Fool report.

You can download this report for free right now — and enjoy reading an exclusive analysis of eight of Woodford’s favorite blue chips. Simply click here.

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The article 3 Neil Woodford High-Yield Shares originally appeared on Fool.com.


G.A. Chester does not own shares in any of the companies mentioned in this article. The Motley Fool recommends GlaxoSmithKline. Try any of our Foolish newsletter services free for 30 days. We …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Should You Buy SSE?

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By Royston Wild, The Motley Fool

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LONDON — I think SSE  is a great bet for stock pickers looking to boost their investment income.

In a bid to lure custom away from its competitors, the firm spelled out its new five-point Customer Service Guarantee last month, which will see it refund £20 to clients unhappy with the service provided. 

SSE has a solid history of providing industry-leading customer experience, and I believe the electricity supplier should continue to report solid earnings growth as demand for power rises.

An electrifying dividend pick
SSE‘s role as a major utilities operator makes it a perfect pick for income investors, as one would usually expect. A dividend of 84.4 pence has been penciled in by analysts for the year ending March 2013, up from 80.1 pence last year. And the payment is expected to rise to 88 pence per share in 2014 and 92 pence per share in 2015.

The firm’s generous dividend policy is expected to keep the yield well north of the 3.5% FTSE 100 average, with an income of 5.8% for this year projected to rise to 6% and 6.3% during 2014 and 2015 respectively.

SSE does not offer the sturdiest of dividend cover, with coverage of around 1.3 times predicted until the end of 2015. However, coverage some way off the traditional watermark of 2 times is not unusual for utilities, where defensive qualities help to ensure steady earnings growth and thus copper-bottomed shareholder payouts.

Earnings growth expected to ascend
City brokers expect earnings per share to edge 1% higher to 114 pence in 2013, before accelerating 3% next year to 117 pence and 8% in 2015 to 126 pence.

The electricity provider currently changes hands on a P/E ratio of 12.9 for 2013, which is expected to slide to 12.6 and 11.7 this year and next.

In my opinion, these ratings represent great value for money given SSE‘s steady earnings growth and record of building dividends. As well, the share seems better value than sector cousin National Grid, whose earnings multiples for 2013 and 2014 are projected at of 13.9 and 13.6 and whose dividend yield comes in below that of SSE.

Zone in on other sterling stocks
Whether or not you already hold shares in SSE, check out this newly updated special reportthat highlights a host of other FTSE winners identified by ace fund manager Neil Woodford.

Woodford — head of U.K. Equities at Invesco Perpetual — has more than 30 years’ experience in the industry, and boasts an exceptional track record when it comes to selecting stock market stars.

The report, compiled by The Motley Fool’s crack team of analysts, is totally free and comes with no further obligation. Click here now to download your copy.

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The article Should You Buy SSE? originally appeared on Fool.com.

Fool contributor Royston Wild has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Should I Buy SSE for My ISA?

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By G. A. Chester, The Motley Fool

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LONDON — ISA season is upon us again! If you haven’t yet used this year’s £11,280 allowance for a stocks and shares ISA, you only have a short time left before the April 5 deadline.

Remember, you don’t pay any tax on share gains held within an ISA or any additional income tax on dividends — giving a significant boost to your investment returns. (For more information about ISAs, click here.)

Today, I’m going to tell you why I believe utility SSE  is a bright choice for your stocks and shares ISA.

Name of the game
Scottish & Southern Energy has shortened its name to SSE since the last ISA season, but don’t let that worry you. The name of the game with the company is still dividends.

SSE describes its “key financial objective” as “the delivery of annual above-inflation increases in the dividend paid to shareholders.” This focus means SSE is now one of just five long-serving FTSE 100 companies to have delivered above-inflation dividend increases every year since 1998, the year the company was formed.

Why does SSE concentrate so resolutely on dividends? Among other reasons, “receiving and reinvesting dividends is the biggest source of an investor’s return over the long term.”

As I mentioned earlier, canny investors who shelter the shares in an ISA will pay neither additional income tax on the dividends, nor tax on the long-term capital gains those reinvested dividends are likely to produce.

Change at the top
At the start of this year, SSE‘s chief executive, Ian Marchant, decided that after leading the company for ten years the time had come to step down. It’s always a bit of a jittery time when a boss who’s been as successful as Marchant decides to move on.

However, I don’t believe the risks of succession in a regulated business are as great as in other industries. Furthermore, the new leader, Alistair Phillips-Davies, already knows SSE inside out: he’s the current deputy chief executive and has been with the company since 1997. Just for good measure, there’s further continuity in the shape of finance director Gregor Alexander, who’s been with the business even longer — since 1990.

Dividends and more dividends
I expect it to be business as usual at SSE — and that means dividends and more dividends.

The board has already indicated, in an interim management statement during January, that it expects to announce a full-year dividend of around 84 pence per share when the firm’s annual results are published during May. The forecast payout meets SSE‘s 2012-13 target of “at least 2% more than RPI inflation” and shareholders can look forward to more ahead-of-inflation increases in the years to come.

The 84 pence per share dividend for the current year gives an income of 5.8% at a share price of 1,450 pence — which looks pretty sparky to me with the expectation of further annual growth ahead of inflation in the future.

I think SSE is one of a number of great …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

3 of the FTSE 100's Biggest Dividends

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By David O’Hara, The Motley Fool

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LONDON — I have searched the FTSE 100 to find the index’s biggest dividend payers. Are these payments sustainable? Could they rise in the future? Here are three of the biggest shareholder payouts as measured by yield.

Resolution
Resolution has long been the highest-yielding share in the FTSE 100. For 2011, the company paid 19.9 pence in dividends. Against today’s price, that’s a yield of 7.6%. Resolution increased its dividend at the half-year stage and is expected to pay a total of 20.9 pence per share for the year. That equates to a forecast dividend yield of 8%.

Resolution has been taking steps to secure its dividend payout. The company has recently reduced its annual debt obligations. Resolution also sold its stake in a joint venture, raising another 50 million pounds. These actions make it more likely that Resolution will pay its 2013 forecast dividend of 21.1 pence — equal to an 8.1% yield.

Vodafone
In 2012, Vodafone paid out more cash in dividends to shareholders than any other FTSE 100 company. This was thanks to the company passing on a dividend that it received itself from Verizon Wireless, its U.S. joint venture.

This year, Vodafone is using 1.5 billion pounds of its dividend from Verizon Wireless to buy back its own shares in the market. This will reduce the number of Vodafone shares in circulation, meaning that the company can pay a higher per-share dividend without spending more cash. I estimate that Vodafone will declare a 6.54 pence dividend with its final results in May. This would mean a 5.9% annual dividend yield at today’s share price.

SSE
As a utility firm, SSE‘s revenue and profit are more reliable than most companies’. SSE has been increasing its dividend to shareholders every year since 1998. In the last five years, the dividend has increased at an average rate of 7.8% per annum.

SSE‘s 80.1 pence distribution for 2012 equates to a yield of 5.5% at today’s prices. The dividend is expected to increase for the next two years. The 2013 total is expected to hit 84.1 pence, rising again to 87.9 pence the year after. Earnings growth is expected to be slower than the dividend progression, making the payout less safe. Dividend cover still looks reasonable for a utility at an estimated 1.3 times for 2014.

While these payouts may be impressive, analysts here at The Motley Fool believe they have found an even better income share in the FTSE 100. To highlight this opportunity, they have prepared an in-depth report: “The Motley Fool’s Top Income Share For 2013.” The blue chip in question offers a 5.5% income and might be worth 850 pence versus a current price of 730 pence! Just click here to get the report — it’s absolutely free.

The article 3 of the FTSE 100’s Biggest Dividends originally appeared on Fool.com.

…read more
Source: FULL ARTICLE at DailyFinance

Linux

QtWebKit 2.3 beta 1 tagged.

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Now that Qt 5.0 has been released, it is time to think about the release of QtWebKit 2.3. For those who do not remember, QtWebKit 2.3 is QtWebKit 3.0 (QtWebKit from Qt 5.0) ported to Qt 4.8.

Beta 1 was tagged yesterday, so go nuts and try it out.

Since the announcement of QtWebKit 2.3, a lot of crash fixes have gone in, printing, webgl, css animations and css shaders have been fixed so they work in most configurations, plus build fixes for a lot of system. Disclaimer: CSS shaders is still a little experimental and will fail in some complex cases if accelerated compositing is enabled, but it will fail gracefully now.

I have had a great deal of feedback from a people trying to enable more than the default features using the build-webkit script. Not to discourage experimentation, but please note that if something hasn’t been enabled by default, it is usually because it is not fully functional or simply broken. You can disable features, but enabling features that are default off, will often be a waste of time. If you really want to pimp your QtWebKit, I recommend these few settings to play with : css3-text, css-variables, microdata, styled-scope, web-audio and legacy-web-audio. I won’t promise they will work though.

Finally for packagers: If you are making packages for i386 you might want to build with –no-sse2, otherwise we currently default to using SSE instead of i387 math, and that means a minimum of Pentium-M, Pentium4 or Athlon64.

For more information, see my introduction of QtWebKit 2.3.

Source: FULL ARTICLE at Planet KDE