SSE lifts full-year EPS guidance
30th Mar 2023 07:49
(Sharecast News) - SSE lifted its full-year earnings per share guidance again on Thursday as it hailed a strong performance from its flexible generation plant.
Read moreSSE lifts earnings forecast
20th Jan 2023 07:05
(Sharecast News) - Power generator SSE upgraded annual earnings expectations as higher gas prices and better storage offset lower-than-expected renewables output.
Read moreOfgem calls for more investment in local grids, freezes bills
30th Nov 2022 10:50
(Sharecast News) - Ofgem said on Wednesday that the UK's electricity distribution companies must continue to invest in local energy networks without increasing household bills.
Read moreSSE sells 25% stake in transmission business for £1.46bn
25th Nov 2022 07:04
(Sharecast News) - Energy utility SSE is selling a 25% stake in its electricity transmission network business to Ontario Teachers' Pension Plan Board for £1.46bn.
Read moreRBC Capital Markets upgrades SSE to 'outperform'
23rd Nov 2022 13:23
(Sharecast News) - Analysts at RBC Capital Markets upgraded energy company SSE from 'sector perform' to 'outperform' on Wednesday after gaining clarity on UK windfall taxes.
Read moreRBC Capital upgrades SSE on windfall tax clarity
22nd Nov 2022 07:15
(Sharecast News) - RBC Capital Markets upgraded SSE on Tuesday to 'outperform' from 'sector perform' and lifted the price target to 2,050p from 1,825p as it pointed to clarity over windfall taxes.
Read moreSector movers: Power generators boosted by Autumn Statement, Oil and Gas drag
19th Nov 2022 22:00
(Sharecast News) - Interest rate sensitive construction and utilities shares paced gains at the end of the week following the Chancellor's well-received Autumn Statement the day before.
Read moreBarclays sees 'compelling value' in UK utilities after Budget clarity
18th Nov 2022 12:21
(Sharecast News) - Barclays said on Friday that the "energy tax overhang" was gone, as it welcomed the clarity brought by Chancellor Jeremy Hunt's announcement on windfall taxes in this week's Autumn Statement.
Read moreEnergy firms resilient as Hunt announces new windfall taxes
17th Nov 2022 12:42
(Sharecast News) - Shares in energy firms initially slumped on Thursday after Chancellor Jeremy Hunt outlined new windfall taxes in his Autumn Statement, but prices quickly recovered.
Read moreSSE swings to H1 loss in volatile trading environment
16th Nov 2022 07:04
(Sharecast News) - UK energy provider SSE swung to an interim loss on a reported basis in the face of what it called "unprecedented" market volatility as gas storage earnings driven by soaring prices offset weaker earnings from renewables.
Read moreHunt mulling fresh windfall tax on power generators - report
15th Nov 2022 10:59
(Sharecast News) - The chancellor Jeremy Hunt is considering introducing a 40% windfall tax on the "excess returns" of electricity generators as part of this week's Autumn Statement, it was reported on Tuesday.
Read moreUK utilities could be at risk from windfall tax U-turn, says Citi
4th Oct 2022 14:19
(Sharecast News) - Citi said in a note on Tuesday that the UK government could do a U-turn on a potential windfall tax for power generators.
Read moreJPMorgan 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.
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