Investments and investor services
FTSE 100 joins the decline in global equities to close lower
There is not a lot of earnings news on either side of the Atlantic to drive markets higher
Company
SSE PLC
LON:SSE
SSE PLC, formerly Scottish and Southern Energy PLC, is a holding company. The company is involved in the generation, transmission, distribution and supply of electricity; the production, storage, distribution and supply of gas, and the provision of other energy-related services.
344 stories · page 11 of 18
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SSE’s update on Friday could make for some unpleasant viewing
Struggles in its wholesale division hit half-year profits back in November, and investors will want to see what the options are after SSE’s recent failure to merge its retail business with Innogy
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Proactive news snapshot: Greencoat UK Wind, AfriTin Mining, Real Good Food...
A glance at some of the day's highlights from the Proactive Investors newswire
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Bank of England's 'Super Thursday' and slew of corporate earnings eyed as Chinese New Year begins
The week ahead includes updates from Thomas Cook, Superdry, Ryanair and Tate & Lyle, among others.
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
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
Investments and investor services
FTSE 100 finishes lower as uncertainty continues to be the watchword
The UK's premier share index finished down over 27 points at 6,834
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Whatever the UK government no-confidence vote outcome, investors will have plenty to chew over on Thursday
The Day Ahead will bring updates from the likes of Primark-owner Associated British Foods, a caffeine-free Whitbread, credit checker Experian, and software firm Sage
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”
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Brexit, UK inflation the main focus but retail and housebuilder updates continue to flow
Aside from the Brexit merry-go-round, the Week Ahead will bring UK inflation and retail sales numbers, plus updates from the likes of AB Foods, Persimmon, Bovis Homes, and Whitbread
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
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
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
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"
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
FTSE 100 closes lower ahead of Prime Minister's Brexit statement
The UK blue-chip index closed down 19.97 at 7,033, while FTSE 250 shed over 75 points at 18,910
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Investors hoping UK inflation will continue to retreat as wage growth goes in the opposite direction
Aside from the latest consumer price index data, the Day Ahead will also bring updates from the likes of British Land, SSE, Cobham, Smiths Group, and flyBe
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
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
Investments and investor services
FTSE 100 closes firmly in red as Italy causes jitters
In the currency markets, sterling is around flat against the Euro and down 0.43% against the US dollar.