SSE

Shares in London’s FTSE index came within touching distance of 7,500 points briefly on Friday but could not muster enough to pass the line, despite oil and tobacco companies doing their best to help out.By the end of the day, the FTSE 100…

1669362862Car output rises despite components disruptionUK car production returned to growth in October after 69,524 vehicles left the factory gates, an increase of 7.4%. However, output is still down significantly on pre-Covid levels amid…

London’s markets had a resilient showing on Monday as traders broadly welcomed the announcement that Rishi Sunak is set to be the next Prime Minister.It came amid a broad improvement in sentiment across global markets, which have been…

Energy bosses have expressed concern that the Government’s proposal to cap revenues from renewable generators and nuclear power plants could put off investors.The Government announced on Tuesday that it plans to introduce a temporary…

1665420037FTSE finishes lower after markets spooked by Halloween tax plansThe FTSE 100 closed 32 points down today to 6,959 after the Treasury announced it would bring forward the publication of its medium-term tax and spending plans to…

The pound drifted further to finish August with its worst month since 2016 amid continued worries over the UK’s economic prospects.Weakness in the pound – following predictions by Goldman Sachs that a UK recession could continue into 2024 –…

The FTSE 100 slid lower on Tuesday as early positivity was erased by a downbeat opening on Wall Street.Traders came back from the bank holiday break in high spirits but saw commodity firms and healthcare stocks come under heavy pressure…

Activist investors used to be a uniquely American phenomenon: silverbacks like Carl Icahn and Paul Singer made billions stalking the boardrooms of Wall Street, noisily pushing for change.But last year saw the highest number of activist…

The activist investor stalking SSE today broke cover to blast the energy giant’s management and increase pressure on the company to spin-off its renewables business.Elliott Advisors today published a letter sent to SSE’s chairman Sir John…

Energy giant SSE has rejected calls from an activist investor to split itself in two, instead doubling down on a plan to transform it into a major renewable energy player.SSE today pledged to spend £12.5 billion over the next five years to…