SSE Share News (SSE)

SSE, RWE, SIMEC secure UK renewables bids, but offshore wind absent

(Alliance News) - SSE PLC, RWE AG and SIMEC Atlantis Energy Ltd on Friday celebrated their latest contract wins to provide renewables for the UK under the contracts for difference scheme, as the government faced criticism for failing to secure any offshore wind bids.

IN BRIEF: SSE issues EUR750m green bond to finance renewables projects

SSE PLC - Perth, Scotland-based electricity generation, transmission and distribution firm - Issues a EUR750 million 8-year green bond maturing September 5, 2031 at a fixed coupon of 4.0%. Explains the issuance is SSE's largest senior single tranche, and sixth green bond in seven years, and takes the firm's total issued green bonds to over GBP3.2 billion. Says it continues to make progress with delivery of its enhanced GBP18 billion net zero acceleration programme plus, set out in May 2023, which will see it more than double its renewables capacity by 2027. The green bond proceeds are earmarked to help finance and/or refinance SSE renewables projects currently under construction or recently completed such as Viking and Seagreen wind farms, as well as the world's largest offshore wind farm at Dogger Bank.

LONDON MARKET MIDDAY: Stocks rise but pound slumps on sub-par UK data

(Alliance News) - Stocks in Europe were on the up heading into Wednesday afternoon, with equity markets in a confident mood on the eve of the Jackson Hole central banking event, shaking off tepid economic data which hurt the pound and euro.

RBC picks National Grid and SSE as top utility stocks

(Sharecast News) - RBC has cut its target prices for a host of UK utility stocks, but highlighted networks National Grid and SSE as its top picks in the sector.

LONDON BROKER RATINGS: UBS and Deutsche Bank cut BHP price target

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

LONDON BRIEFING: Reckitt names Nike's Shannon Eisenhardt as new CFO

(Alliance News) - Stocks in London are expected to add to Tuesday's gains at Wednesday's market open, having snapped a seven-day losing streak.

LONDON BROKER RATINGS: JPMorgan raises Quilter to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations on Monday morning and Friday:

UK's Grant Shapps convenes summit with energy giants in Downing Street

(Alliance News) - The UK's energy industry leaders will gather in Downing Street on Wednesday to discuss economic growth and energy security with Grant Shapps.

IN BRIEF: SSE fined GBP10 million by UK regulator for license breach

SSE PLC - Perth, Scotland-based electricity generation, transmission and distribution - UK energy industry regulator Ofgem fines subsidiary SSE Generation Ltd GBP9.8 million for breaching its generation licence. Ofgem says the penalty must be paid into its voluntary redress fund no later than September 5. The regulator found that SSE had "secured excessive payments" from the Electricity System Operator "during periods of what is known as 'transmission constraint'".

LONDON BROKER RATINGS: Auto Trader and Moneysupermarket ratings cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Director dealings: Mind Gym founder invests, SSE board member sells down

(Sharecast News) - Mind Gym was at the top of the list of director buys on Monday afternoon, after its co-founder and president picked up almost 0.83 million shares.

UK dividends calendar - next 7 days

SSE reaffirms guidance despite quarterly shortfall on dry weather

(Alliance News) - SSE PLC on Thursday reaffirmed its annual earnings per share guidance, but bemoaned the impact of dry weather after experiencing a shortfall over the first quarter.

SSE reiterates full-year earnings target

(Sharecast News) - SSE reiterated its full-year earnings guidance on Thursday, despite dry, still weather hitting renewables output.

UK shareholder meetings calendar - next 7 days