ASX-listed copper explorer Castillo Copper #CCZ raise funds and dual list in London Watch Now

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSSE Share News (SSE)

Share Price Information for SSE (SSE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,335.00
Bid: 1,334.50
Ask: 1,335.00
Change: 17.00 (1.29%)
Spread: 0.50 (0.04%)
Open: 1,324.50
High: 1,335.50
Low: 1,317.00
Yest. Close: 1,318.00
SSE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

PRESS: SSE Boss Blames Labour Party For Driving Away Investors - FT

Tue, 9th Jul 2019 06:59

(Alliance News) - SSE PLC has found it difficult to attract investors due to the UK opposition Labour Party's stated intention to renationalise energy networks, the Financial Times reported on Monday.

In an interview with the FT, the electricity utility's chief executive, Alistair Phillips-Davies, claimed to have had trouble encouraging new investors to purchase shares in SSE after Labour announced that it wanted to bring the large companies which own the country's electricity and gas infrastructure into public hands.

According to the newspaper, Phillips-Davies said: "We are in a situation where you have...an event that appears unlikely but could have quite nasty effects and so it's difficult for us to get new investors to buy into the stock."

Labour first announced its renationalisation plan in its 2017 election manifesto, then in May "suggested it would not compensate shareholders at market value", the newspaper noted.

Phillips-Davies did not confirm to the FT whether SSE is considering an overseas move or ownership structure change. Further, while the company wants to show energy networks are better in the private sector, Phillips-Davies said SSE would complete "any legal things" it needed to "do in the background".

https://www.ft.com/content/26b58272-a17a-11e9-974c-ad1c6ab5efd1

More News

SSE appoints John Manzoni as chair

(Sharecast News) - Energy company SSE has appointed Sir John Manzoni to succeed Richard Gillingwater as chair of the board with effect from 1 April 2021.

28 Jul 20 13:00

TOP NEWS: Former UK Civil Service Boss Manzoni Appointed New SSE Chair

TOP NEWS: Former UK Civil Service Boss Manzoni Appointed New SSE Chair

28 Jul 20 12:49

LONDON MARKET MIDDAY: US-China Squabble, UK-EU Deal Date Recedes

LONDON MARKET MIDDAY: US-China Squabble, UK-EU Deal Date Recedes

23 Jul 20 12:26

UK WINNERS & LOSERS SUMMARY: Hygiene Products Demand Boosts Unilever

UK WINNERS & LOSERS SUMMARY: Hygiene Products Demand Boosts Unilever

23 Jul 20 11:29

UK BROKER RATINGS SUMMARY: Credit Suisse Raises Lloyds, Cuts NatWest

UK BROKER RATINGS SUMMARY: Credit Suisse Raises Lloyds, Cuts NatWest

23 Jul 20 09:47

LONDON MARKET OPEN: Unilever To Separate Tea Business; Holds Dividend

LONDON MARKET OPEN: Unilever To Separate Tea Business; Holds Dividend

23 Jul 20 09:13

UK BROKER RATINGS SUMMARY: Barclays Downgrades Standard Life Aberdeen

UK BROKER RATINGS SUMMARY: Barclays Downgrades Standard Life Aberdeen

20 Jul 20 09:38

UK BROKER RATINGS SUMMARY: Deutsche Bank Raises National Grid To Buy

UK BROKER RATINGS SUMMARY: Deutsche Bank Raises National Grid To Buy

17 Jul 20 09:38

LONDON MARKET CLOSE: ECB Unable To Inspire As Stocks Slide

LONDON MARKET CLOSE: ECB Unable To Inspire As Stocks Slide

16 Jul 20 16:57

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

16 Jul 20 15:57

LONDON MARKET MIDDAY: Stocks Down As China Retail Sales Disappoint

LONDON MARKET MIDDAY: Stocks Down As China Retail Sales Disappoint

16 Jul 20 12:10

UK WINNERS & LOSERS SUMMARY: SSE Rises After Committing To Dividend

UK WINNERS & LOSERS SUMMARY: SSE Rises After Committing To Dividend

16 Jul 20 10:39

TOP NEWS: SSE Reiterates Dividend Plan Amid Temporary Covid Impact

TOP NEWS: SSE Reiterates Dividend Plan Amid Temporary Covid Impact

16 Jul 20 09:04

LONDON MARKET OPEN: GVC Falls As Covid-19 Hits Revenue, CEO Departs

LONDON MARKET OPEN: GVC Falls As Covid-19 Hits Revenue, CEO Departs

16 Jul 20 09:00

LONDON MARKET PRE-OPEN: SSE To Pay Interim Dividend Despite Covid Hit

LONDON MARKET PRE-OPEN: SSE To Pay Interim Dividend Despite Covid Hit

16 Jul 20 07:52

Login to your account

Don't have an account? Click here to register.