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Pin to quick picksSSE Share News (SSE)

Share Price Information for SSE (SSE)

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Share Price: 1,831.50
Bid: 1,828.00
Ask: 1,829.00
Change: -32.00 (-1.72%)
Spread: 1.00 (0.055%)
Open: 1,860.00
High: 1,862.00
Low: 1,825.00
Prev. Close: 1,863.50
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SSE to sell 50% stake in Enterprise Telecoms for up to £380m

Fri, 21st Dec 2018 11:19

(Sharecast News) - SSE has agreed to sell a 50% stake in its Enterprise Telecoms Business (SSEET) to Infracapital for up to £380m, which will be used to reduce net debt.The consideration comprises £215m to be paid on completion, which is expected to take place by the end of June 2019. There is also a deferred consideration of up to £85m based on SSEET achieving certain business conditions and up to £80m to be paid in a series of instalments to 2024, based on financial targets for outperformance.SSEET is an infrastructure provider that delivers leading edge connectivity services to businesses through its private UK-wide telecoms network. It is committed to helping the UK realise its digital ambitions through infrastructure investment and innovation. SSE said the deal aligns with its strategy to create value for shareholders and society by giving each of its businesses, such as SSEET, the best platform from which to realise its full potential and maximise its future success.SSE managing director Neil Kirkby said: "Infracapital has a proven record of actively supporting the companies they work with; this partnership heralds an exciting era of growth for our dynamic telecoms business. We both see huge opportunities for organisations capable of providing infrastructure that help give businesses reliable high-speed connectivity."At 1125 GMT, the shares were up 0.7% to 1,082p.
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17 Nov 2022 13:01

UK's Hunt says average household energy bill to rise, keeps cap

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt said the cost of an average household energy bill would rise to 3,000 pounds ($3,555) a year from April after he reined in the scale of support for gas and electricity, but kept a price cap until 2024.

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17 Nov 2022 12:52

Sterling, UK bond prices edge lower as Hunt outlines tough budget

LONDON, Nov 17 (Reuters) - Sterling and government bond prices fell on Thursday after British finance minister Jeremy Hunt announced a string of tax increases and tighter public spending in a tough budget plan.

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17 Nov 2022 12:42

Energy firms resilient as Hunt announces new windfall taxes

(Sharecast News) - Shares in energy firms initially slumped on Thursday after Chancellor Jeremy Hunt outlined new windfall taxes in his Autumn Statement, but prices quickly recovered.

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17 Nov 2022 12:28

UK's Hunt says average household energy bill to rise, keeps cap

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt said the cost of an average household energy bill would rise to 3,000 pounds ($3,554.70) a year from April after he reined in his predecessor's vast support package for gas and electricity bills.

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17 Nov 2022 12:17

Britain's Hunt sets out plans to reduce energy consumption by 15% by 2030

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt on Thursday said he wanted the country to become more energy efficient, outlining a new goal to reduce energy consumption by 15% over the next eight years to save money.

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17 Nov 2022 11:48

UK's Hunt increases energy windfall tax

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt said on Thursday the government would increase a windfall tax on oil and gas firms and extend it to power generation firms as he seeks to raise money to plug a hole in the public finances.

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16 Nov 2022 09:45

TOP NEWS: SSE swings to interim loss on costs despite big revenue jump

(Alliance News) - SSE PLC on Wednesday said it swung to a pretax loss in the six months that ended September 30, as the Perth, Scotland-based electricity provider saw its cost of sales soar.

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16 Nov 2022 09:01

LONDON MARKET OPEN: Sterling firms after record UK inflation print

(Alliance News) - Stocks in London were mixed at the open on Wednesday, but the pound was getting support, following a hotter-than-expected inflation reading from the UK.

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16 Nov 2022 07:55

LONDON BRIEFING: SSE swings to interim loss despite 60% revenue rise

(Alliance News) - Stocks in London are called lower on Wednesday, following a hotter-than-expected inflation reading for the UK and a day before UK Chancellor Jeremy Hunt unveils his autumn budget.

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16 Nov 2022 07:04

SSE swings to H1 loss in volatile trading environment

(Sharecast News) - UK energy provider SSE swung to an interim loss on a reported basis in the face of what it called "unprecedented" market volatility as gas storage earnings driven by soaring prices offset weaker earnings from renewables.

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15 Nov 2022 21:08

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Main U.S. indexes advance: Nasdaq up ~1.6%

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Watch out what the VIX says after CPI, PPI data

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15 Nov 2022 16:48

First the downshift, then the pause, then the pivot, then the party

Main U.S. indexes advance: Nasdaq up ~2.5%

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