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£11.48 billion
52 weeks high
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Viewing results 1-25 of 123


SSE confirms it is in talks with Ovo Group over the possible sale of SSE Energy Services

SSE will provide no further comment on the discussions until a conclusion to them has been reached....

1 week, 6 days ago

Greencoat UK Wind appoints former SSE director to its board

Caoimhe Giblin will join Greencoat as a non-executive director on September 1...

2 weeks, 5 days ago

SSE ticks higher as it reiterates outlook and dividend plan despite challenges in first months of 2019

Alistair Phillips-Davies, SSE’s CEO, said that despite “some short-term challenges”, the key months for the FTSE 100 energy firm still lay ahead...

on 18/7/19

SSE plans to close its last coal-fired power station

Fiddler’s Ferry power station has become less economically viable in recent years due to national and international policies to promote lower-carbon forms of electricity generation...

on 14/6/19

Shell shows way forward for dividends as other blue chips cut their cloth

Oil major guides to total dividends and share buy-backs of US$125bn “or more” between 2021 and 2025...

on 5/6/19

SSE confirms dividend plans and listing of UK retail business

Katie Bickerstaffe will start as the new executive chair of SSE Energy Services next month “with a mandate to deliver a new future for the business outside of the SSE group”...

on 22/5/19

High FTSE yields point to 'dividend slaves' that may cut payouts

Grace Jones' Slave to the Rhythm might well have been about the pressure of a progressive dividend policy: 'Build on up, don't break the chain; Sparks will fly when the whistle blows'...

on 16/5/19

SSE fined £700,000 by energy regulator Ofgem for missing target to install gas smart meters last year

Under the government's smart-meter roll-out programme, suppliers are legally required to take all reasonable steps to roll out smart meters to all homes and businesses by the end of 2020...

on 3/4/19

SSE expects significant reduction in Wholesale unit profits business but still plans to raise full-year dividend

In a pre-close season trading update, the FTSE 100-listed electricity provider said it expects its adjusted earnings per share to be in a range of 64-69p, nearly half the 121.1p it reported a year earlier...

on 28/3/19

SSE to pay over £705,000 in redress after overstating costs of FIT payments

SSE will pay the money to the Feed-in-Tariffs (FIT) levelisation fund after overstating the costs incurred in making payments to eligible low carbon generators....

on 27/2/19

Greencoat UK Wind says gross issue proceeds of £131mln raised from placing announced on February 1

Following the receipt of the proceeds and completion of the Stronelairg and Dunmaglass acquisitions, the company said it should have £794mln of outstanding debt...

on 13/2/19

SSE warns on profits after surprise EU court ruling on UK capacity market

Under the UK capacity market scheme, the government pays power firms extra money to ensure a reliable supply of electricity during times of peak demand but it was suspended in November after the EU ruled it is an illegal form of state aid...

on 8/2/19
Retail & consumer

Npower to slash 900 jobs in wake of collapsed deal to merge with SSE's retail arm

Npower said it would make significant losses this year even with the savings from the job cuts...

on 1/2/19

Greencoat UK Wind to acquire 35.5% stake in Stronelairg and Dunmaglass wind farms from SSE

The renewable energy investor said it would acquire a 49.9% stake in each of the wind farms in partnership with a major UK pension fund...

on 1/2/19

SSE shares could slump if a UK general election is called

That’s according to UBS, which reckons investors are taking the risk of a general election “too lightly”...

on 16/1/19

SSE raises £380mln in cash to cut debt from sale of a 50% share in its SSE Enterprise Telecoms business

The FTSE 100-listed utility, which at the start of this week abandoned a proposed merger of its energy services business with German-owned Npower due to competition issues, said proceeds will be used to reduce its net debt...

on 21/12/18

SSE calls off Npower merger amid worries about price cap and competition

SSE believes its consumer energy supply unit would be "best positioned" outside the rest of the group...

on 18/12/18

Centrica shares knocked as Deutsche Bank cuts target price for British Gas owner in review of European utilities

The German bank repeated a ‘sell’ rating on the FTSE 100-listed firm and reduced its target to 115p from 135p, leading the shares to shed nearly 4% at 134.10p in late morning trading...

on 10/12/18

Analysts expect British Gas parent Centrica to cut dividend as it feels the heat of price cap

“Perhaps it would be better if British Gas owner Centrica just cut its dividend and got it over and done with," said Russ Mould, investment director at AJ Bell...

on 22/11/18

SSE investors reassured by dividend hike but rocky road continues as it attempts to shelter earnings from vagaries of regulator and weather

George Salmon, equity analyst at Hargreaves Lansdown said: “SSE has an enviable track record of dividend increases, but investors might be worried about the group’s next five year plan"...

on 14/11/18

SSE looking to spin-off renewable energy assets in UK and Ireland as it confirms big drop in first-half profit

The FTSE 100-listed firm said SSE Renewables will comprise around 4 gigawatts of SSE's existing renewable assets such as hydropower, onshore wind and several stakes in offshore wind projects...

on 14/11/18

SSE merger with Npower hangs in the balance as parties renegotiate terms

An update on their progress will be provided by mid-December. SSE does not intend to provide further comment on the discussions until that update...

on 9/11/18

SSE PLC's planned merger of retail unit with Npower cleared by UK regulator

The CMA's final report confirms the findings of its provisional review ...

on 10/10/18

West of Shetland discoveries point to new growth for offshore UK

The narrative around the North Sea’s demise is both exaggerated and premature, but, the 'blue sky' very much remains in the West of Shetland region...

on 28/9/18

Total, INEOS and SSE make new major gas discovery West of Shetland

The Glendronach gas discovery could be commercialised quickly, and, at low-cost thanks to existing nearby infrastructure...

on 24/9/18