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Reuters - 47 minutes ago

British Business - July 16

PRESS DIGEST-British Business - July 16 July 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British luxury label Burberry BRBY.L has replaced Jonathan Akeroyd, its chief executive, with Joshua Schulman and axed its dividend after issuing the latest in a series of profit warnings.
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Reuters - 4 hours ago

TotalEnergies, SSE to launch EV charging company in UK and Ireland

TotalEnergies, SSE to launch EV charging company in UK and Ireland By America Hernandez PARIS, July 16 - French oil major TotalEnergies and UK power firm SSE are seeking to grab a 20% share of the electric vehicle (EV) fast-charging market in Britain and Ireland by launching a joint venture named Source, the companies said on Tuesday. Source, a 50/50 partnership, will deploy and operate up to 3,000 fast-charge points in the two countries over the next five years, to be supplied with renewable en
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Reuters - 1 week ago

UK power firm SSE goes ahead with 2 GW offshore wind farm in Netherlands

UPDATE 1-UK power firm SSE goes ahead with 2 GW offshore wind farm in Netherlands Adds details, background in paragraphs 3-6 July 9 (Reuters) - British power generator and network operator SSE SSE.L said on Tuesday it was going ahead, along with its joint venture partner s , with the development of a 2 gigawatt offshore wind farm in the Netherlands. SSE said the wind farm would be commissioned by the end of this decade, subject to reaching a final investment decision by late 2025. The consortium
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Reuters - 1 week ago

UK power firm SSE goes ahead with 2 GW offshore wind farm in Netherlands

UK power firm SSE goes ahead with 2 GW offshore wind farm in Netherlands July 9 (Reuters) - British power generator and network operator SSE SSE.L said on Tuesday it was going ahead, along with its joint venture partner, with the development of a 2 gigawatt (GW) offshore wind farm in the Netherlands. SSE said the wind farm would be commissioned by
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Reuters - 1 week ago

SSE & Partners Advance 2GW Offshore Windfarm In Netherlands

BRIEF-SSE & Partners Advance 2GW Offshore Windfarm In Netherlands July 9 (Reuters) - SSE PLC SSE.L : SSE PLC - SSE & PARTNERS ADVANCE 2GW OFFSHORE WINDFARM IN NL SSE PLC - MOVES FORWARD WITH 2GW OFFSHORE WIND FARM SSE PLC - FID FOR ALPHA WIND FARM EXPECTED BY LATE 2025 SSE PLC - CONSORTIUM TO ENTER 40-YEAR LEASE FOR ALPHA SITE Source text for Eikon
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Reuters - 2 weeks ago

JPM sees growth for UK utilities with investment boost, regulatory clarity

BUZZ-JPM sees growth for UK utilities with investment boost, regulatory clarity ** Shares in UK utilities .FTUB6510 up 0.5% at 727.3 pence vs FTSE 100 index .FTSE which is flat at 0.03% ** J.P. Morgan predicts continued growth for UK utilities with increase in investment and regulatory clarity ** Predicts rise in National Grid's NG.L and SSE's SSE.
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Reuters - 3 weeks ago

GS downgrades Terna, Fortum, but sees demand growth for European power cos

BUZZ-GS downgrades Terna, Fortum, but sees demand growth for European power cos ** Goldman Sachs downgrades Italy's Terna TRN.MI and Finland's Fortum FORTUM.HE to "sell" from "neutral" on limited share upside and weaker profit and investment outlooks for the two power utilities ** By 0720 GMT, Terna shares are down 1.5% while Fortum drops 2.1% ** G
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Reuters - 1 month ago

SSE CEO Alistair Phillips-Davies 2023/24 Total Pay 3.5 Mln Stg

BRIEF-SSE CEO Alistair Phillips-Davies 2023/24 Total Pay 3.5 Mln Stg June 14 (Reuters) - SSE PLC SSE.L : ANNUAL FINANCIAL REPORT SSE CEO ALISTAIR PHILLIPS-DAVIES 2023/2024 TOTAL PAY 3.5 MILLION STG VERSUS 4.8 MILLION STG IN 2022/2023- ANNUAL REPORT Source text for Eikon: ID:nRSN5464Sa Further company coverage: SSE.L
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Reuters - 1 month ago

Dutch government awards permits for 4 GW offshore wind project development

UPDATE 1-Dutch government awards permits for 4 GW offshore wind project development Updates throughout with details By Nina Chestney LONDON, June 11 (Reuters) - The Dutch government has awarded permits for offshore wind farm development totalling 4 gigawatts (GW) off the west coast of the Netherlands, in the largest wind tender in the country so far.
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Reuters - 1 month ago

Asmi, Beiersdorf, SSE

EUROPE RESEARCH ROUNDUP-Asmi, Beiersdorf, SSE June 7 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Asmi, Beiersdorf and SSE, on Friday. HIGHLIGHTS * Arcadis NV ARDS.AS : KBC Securities raises to accumulate from buy * Asmi ASMI.AS : Berenberg raises target price to EUR 720 from EUR 640 * Beiersdorf BEIG.DE : HSBC raises target price to EUR 158 from EUR 152 * Nibe Industrier AB NIBEB.ST : HSBC cuts to hold from buy * SSE SSE.L : HS
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Reuters - 1 month ago

Asmi, Beiersdorf, SSE

CORRECTED-EUROPE RESEARCH ROUNDUP-Asmi, Beiersdorf, SSE Corrects Greenyard NV entry to say KBC Securities raises target price to EUR 9.5 from EUR 8.5 (not 6.30) and Arcadis NV entry to say KBC Securities cuts (not raises) to 'accumulate' from 'buy'; raises target price to EUR 66 from EUR 61 (not 61.7 June 7 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Asmi, Beiersdorf and SSE, on Friday.
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Reuters - 2 months ago

Britain's creaking power grid leaves green energy revolution adrift

UPDATE 1-INSIGHT-Britain's creaking power grid leaves green energy revolution adrift Adds SSEN comment paragraph 13 By Paul Sandle and Kate Holton PORTSMOUTH, England, May 30 (Reuters) - British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry to make its crossings cleaner and greener. But it can't commission the vessel until it gets a power upgrade.
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Reuters - 2 months ago

Britain's creaking power grid leaves green energy revolution adrift

INSIGHT-Britain's creaking power grid leaves green energy revolution adrift Refiles to fix typo in paragraph 13 By Paul Sandle and Kate Holton PORTSMOUTH, England, May 30 (Reuters) - British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry to make its crossings cleaner and greener. But it can't commission the vessel until it gets a power upgrade.
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Reuters - 2 months ago

British Business - May 29

PRESS DIGEST-British Business - May 29 May 29 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Beatrice Offshore Windfarm Limited, a wind farm backed by SSE SSE.L , the London-listed energy group, has agreed to pay 33.1 million pounds ($42.2 million) in redress after Ofgem found that it had charged “excessive prices” to lower its output.
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Reuters - 2 months ago

Argenx, Hermes, National Grid

EUROPE RESEARCH ROUNDUP- Argenx, Hermes, National Grid May 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Argenx, Hermes and National Grid, on Tuesday. HIGHLIGHTS * Argenx ARGX.BR : Barclays raises target price to EUR 375 from EUR 360 * Endomines Finland Oyj PAMPALO.HE : Evli Research raises to hold from sell * Hermes HRMS.PA : Bernstein raises to outperform from market perform * National Grid Plc NG.L : RBC cuts target price t
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Reuters - 2 months ago

SSE Says John Bason Named Chair Designate Of Bloomsbury

BRIEF-SSE Says John Bason Named Chair Designate Of Bloomsbury May 23 (Reuters) - SSE PLC SSE.L : SSE PLC - DIRECTOR DECLARATION SSE PLC - JOHN BASON APPOINTED CHAIR DESIGNATE OF BLOOMSBURY Source text for Eikon: ID:nRSW5516Pa Further company coverage: SSE.L
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Reuters - 2 months ago

UK's SSE slides on lower profit; lack of FY25 outlook disappoints

BUZZ-UK's SSE slides on lower profit; lack of FY25 outlook disappoints ** British power generator and network operator SSE SSE.L down 2.2% at 1,758p; among top pct losers across FTSE 100 index .FTSE ** Co posts lower annual adjusted operating profit partly due to lower energy prices ** FY adj operating profit came at 2.43 bln pounds ($3.10 bln) vs
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Reuters - 2 months ago

SSE's annual profit falls on lower energy prices

UPDATE 1-SSE's annual profit falls on lower energy prices Updates throughout, detail of project delay By Susanna Twidale May 22 (Reuters) - British power generator and network operator SSE SSE.L posted a lower annual adjusted operating profit on Wednesday, partly due to lower energy prices. British energy prices fell last year compared with the record highs hit in 2022 across Europe following Russia’s invasion of Ukraine.
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Reuters - 2 months ago

British power generator SSE's annual profit falls on normalisation of energy markets

British power generator SSE's annual profit falls on normalisation of energy markets May 22 (Reuters) - British power generator and network operator SSE SSE.L posted a lower annual adjusted operating profit on Wednesday, pulled down by challenging weather conditions and project delays faced in the third quarter. The London-listed company said its full-year adjusted operating profit came in at 2.43 billion pounds ($3.10 billion), a fall from 2.53 billion pounds last year.
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Reuters - 2 months ago

SSE Sees Capex & Investment In 2024/25 Over 3 Bln Stg

BRIEF-SSE Sees Capex & Investment In 2024/25 Over 3 Bln Stg May 22 (Reuters) - SSE PLC SSE.L : PRELIMINARY RESULTS FOR THE YEAR ENDED 31 MARCH 24 SSE: REITERATING COMMITMENT TO TARGET ANNUAL DIVIDEND INCREASES OF BETWEEN 5 - 10% TO 2026/27 SSE: INTENTION TO RECOMMEND A FINAL DIVIDEND OF 40.0P FOR PAYMENT ON 19 SEPTEMBER 2024 SSE: DELIVERED FY INVESTMENT OF £2.5BN IN CRITICAL NATIONAL ENERGY INFRASTRUCTURE SSE: ON TRACK TO DELIVER ADJUSTED EPS OF 175 - 200P BY FY27, A CAGR OF 13-16% OVER THE FIV
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