We should have been tougher on suppliers - Ofgem
8th Feb 2022 12:48
(Sharecast News) - Ofgem has accepted it should have toughed up financial oversight of the energy market much earlier, a week after it announced household bills would spike by 54% this year.
Read moreSSE raises FY adjusted EPS guidance
8th Feb 2022 07:04
(Sharecast News) - Energy company SSE upgraded its full-year adjusted earnings per share guidance from 83.0p to 90.0p on Tuesday, citing the "strength and stability" provided by its balanced mix of regulated and market-facing businesses.
Read moreSunday newspaper round-up: Royal Mail, BT Group, JD Sports
12th Dec 2021 16:54
(Sharecast News) - Royal Mail's bosses have admitted that Covid-related disruptions are hampering normal service before Christmas. The company has apologised to customers, blaming the need for self-isolation, high levels of sick absence, resourcing or other local factors brought on by Covid. Last Wednesday a year-high of 32 delivery offices were being impacted and as of last night, 21 offices were still experiencing problems. However, several employees had blamed the delays on revisions to routes, although senior sources had denied that was the case. - Financial Mail on Sunday
Read moreElliott ramps up pressure on SSE, says current plans 'lack ambition'
7th Dec 2021 07:41
(Sharecast News) - Activist investor Elliott Advisors has ramped up pressure on SSE to spin out its renewable energy business, claiming that the company is undervalued by £5bn.
Read moreSSE subsidiary details final RIIO-ED2 business plan
1st Dec 2021 09:33
(Sharecast News) - Energy company SSE's wholly-owned subsidiary Scottish and Southern Electricity Networks Distribution published its final business plan for Ofgem's RIIO-ED2 price controls on Wednesday.
Read moreSSE to ramp up green capex as interims rise 30%
17th Nov 2021 07:05
(Sharecast News) - Interim profits at renewable energy company SSE on Wednesday rose by a third as the company pledged to invest £12.5bn in green capital expenditure in an apparent rebuff to calls from activist investor Elliott to split the group.
Read moreSSE sells 10% of Dogger C to Eni for £70m
2nd Nov 2021 10:19
(Sharecast News) - SSE has agreed to sell 10% of Dogger Bank C to Eni for £70m to bring ownership of the windfarm's third phase into line with the wider project.
Read moreNational Grid and SSE win partial success on price controls
28th Oct 2021 07:49
(Sharecast News) - The UK's competition watchdog has found in favour of SSE and National Grid on part of their appeal on price controls but the companies expressed disappointment that the watchdog rejected some of their objections.
Read moreBerenberg raises target price on SSE, cautious regarding potential break-up
14th Oct 2021 10:24
(Sharecast News) - Analysts at Berenberg raised their target price on utilities firm SSE from 1,300.0p to 1,690.0p on Thursday, citing more bullish long-term expectations for the group's renewables business.
Read moreRBC expects 'robust' SSE cashflows on the back of higher power prices
4th Oct 2021 12:59
(Sharecast News) - Analysts at RBC hiked their target price for shares of SSE on the back of higher commodity prices.
Read moreSSE signs deal to create Japan offshore wind vehicle
29th Sep 2021 07:47
(Sharecast News) - SSE announced on Wednesday that its renewables division has signed an agreement with Pacifico Energy, one of Japan's largest developers of renewable energy, to create a joint ownership company to pursue offshore wind energy development projects in Japan.
Read moreSSE says no decision on company break up
20th Sep 2021 07:04
(Sharecast News) - UK energy group SSE said it had made no decision on whether to split off its renewables business after reports that activist hedge fund Elliott Management was pressuring for a breakup of the firm.
Read moreElliott eyeing up SSE break up - report
14th Sep 2021 13:04
(Sharecast News) - Activist hedge fund Elliott Investment Management is agitating to break up energy firm SSE, it was reported on Tuesday.
Read moreSSE, National Grid lose out in some of CMA's provisional price findings
11th Aug 2021 07:54
(Sharecast News) - SSE responded to the Competition and Markets Authority's (CMA) provisional determinations in an appeal against some elements of Ofgem's RIIO-T2 price control settlement, brought by its wholly-owned subsidiary SSEN Transmission, on Wednesday.
Read morePossible break-up of SSE in focus as Elliott builds up stake
9th Aug 2021 09:52
(Sharecast News) - Talks of a possible break-up of SSE were at the top of the agenda on Monday morning, after it emerged over the weekend that activist investor Elliott Management had built-up a stake in the power generator.
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