JPMorgan upgrades SSE to 'overweight'
20th Sep 2022 07:59
(Sharecast News) - JPMorgan Cazenove upgraded SSE on Tuesday to 'overweight' from 'neutral' and hiked the price target to 2,100p from 1,585p.
Read moreSunday newspaper round-up: Energy bill freeze, Iceland, National Grid
4th Sep 2022 16:57
(Sharecast News) - Lizz Truss declined in an interview with BBC One to rule out freezing energy bills in some form if she were elected, vowing to take action within a week if she were. Truss, who is widely expected to come out on top in the Tory leadership contest, vowed she would reveal her plans to ease the pain from soaring energy prices and expanding energy supply within seven days after entering Number 10. A plan to restart economic growth through tax cuts would be forthcoming within a month from assuming office. Labour leader, Sir Keir Starmer, has proposed keeping the cap in place throughout the winter, putting the cost to the Treasury at £29bn. - The Sunday Telegraph
Read moreGovernment 'working up' cost-of-living package for new PM
10th Aug 2022 13:38
(Sharecast News) - The government is working on a new cost-of-living package to support Britons facing monumental uplifts in bills and prices, it was suggested on Wednesday, for the next prime minister to consider.
Read moreSSE Q1 trading 'slightly' exceeds expectations, FY guidance reaffirmed
21st Jul 2022 07:07
(Sharecast News) - Energy provider SSE said on Thursday that its first-quarter trading performance had "slightly exceeded" internal expectations, leading the group to reaffirm its full-year guidance for adjusted earnings per share of at least 120.0p.
Read moreSSE Q1 trading 'slightly' exceeds expectations, FY guidance reaffirmed
21st Jul 2022 07:07
(Sharecast News) - Energy provider SSE said on Thursday that its first-quarter trading performance had "slightly exceeded" internal expectations, leading the group to reaffirm its full-year guidance for adjusted earnings per share of at least 120.0p.
Read morePrime Minister not planning to extend windfall tax to electricity generators
11th Jul 2022 13:12
(Sharecast News) - Electricity generators will be spared from the government's tax net, a spokesman for the Prime Minister said.
Read moreOfgem unveils £21bn package to boost electricity networks
29th Jun 2022 12:04
(Sharecast News) - Ofgem, the energy regulator, has unveiled a £21bn package to upgrade the UK's regional electricity networks, but insisted that household bills will not rise as a result.
Read moreSSE partners with Equinor to acquire Saltend Power Station operator
28th Jun 2022 07:06
(Sharecast News) - Scottish energy firm SSE and Norwegian petroleum refining company Equinor have jointly agreed to acquire Saltend Power Station operator Triton Power Holdings from Energy Capital Partners for a total of £341.0m, shared equally between the partners.
Read moreSector movers: Miners gain on news of easing in China lockdowns, talk of trade tariff reductions
6th Jun 2022 22:45
(Sharecast News) - Shares in Industrial Metals & Mining names were among the best performers on the FTSE 350 at the start of June as UK investors reacted to news that Chinese authorities were easing Covid-19 restrictions.
Read moreJP Morgan reiterates positive stance on UK energy
26th May 2022 10:36
(Sharecast News) - JP Morgan has reiterated its positive stance on the UK energy sector, despite the likely imposition of windfall taxes.
Read moreSSE pledges £25bn infrastructure investment as FY profits rise
25th May 2022 09:18
(Sharecast News) - SSE posted a jump in full-year profit on Wednesday as it announced plans to invest £25bn in the UK and Ireland electricity infrastructure.
Read moreBerenberg upgrades SSE to 'buy'
12th May 2022 08:52
(Sharecast News) - Analysts at Berenberg upgraded energy firm SSE from 'hold' to 'buy' on Thursday, stating they now see "a buying opportunity".
Read moreFTSE 100 movers: Defensives wanted amid hawkish Fed comments
22nd Apr 2022 16:41
(Sharecast News) - Defensive issues were wanted on Friday after US Federal Reserve President, Jerome Powell, told an audience the night before that a 50 basis point interest rate hike at the 4 May policy meeting was in play.
Read moreSSE acquires renewable energy development platform from SGRE
20th Apr 2022 07:57
(Sharecast News) - Energy firm SSE has acquired Siemens Gamesa Renewable Energy's existing European renewable energy development platform for €580.0m.
Read moreUK energy firm websites crash as customers rush to get readings in
31st Mar 2022 13:23
(Sharecast News) - Britons bracing for a 54% rise in energy prices were given an extra dose of pain on Thursday as the websites of several energy suppliers crashed before they could submit readings ahead of a midnight deadline.
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