Welcome to today’s Five at Five – the EOB snapshot of the five most impactful market stories shaping investor sentiment.
1. SSE pivots to focus on electricity networks with £33 billion investment plan
Shares in the renewable energy group jumped more than 15% after unveiling a five-year strategy centred on grid infrastructure and transmission projects. Read more…
2. On Holding surges 19% as Federer-backed trainer firm beats forecasts
Shares in On rose sharply after the Swiss sportswear maker, part-owned by Roger Federer, reported stronger-than-expected profits and upgraded guidance. Read more…
3. Smithson offers rollover into OEIC after pressure from Saba Capital
The Terry Smith-managed investment trust proposed converting into an open-ended fund following persistent discounts since 2022. Read more…
4. FTSE 100 battles to fresh highs as political jitters fade
London’s benchmark index rebounded from early weakness tied to Labour infighting, with strong gains in SSE helping the market push higher. Read more…
5. ACG Metals raises $15 million and unlocks $300 million from waste project
Chairman and CEO Artem Volynets talked through the release of a scoping study that showed how the company can generate up to $300 million in free cash flow from high-grade waste at its Gediktepe project. Watch here…