Share Name Share Symbol Market Type Share ISIN Share Description
Sse Plc LSE:SSE London Ordinary Share GB0007908733 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  -16.50 -1.09% 1,490.50 14,518,969 16:35:18
Bid Price Offer Price High Price Low Price Open Price
1,490.50 1,491.50 1,516.00 1,490.50 1,505.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 6,800.60 587.60 -5.70 15,533
Last Trade Time Trade Type Trade Size Trade Price Currency
18:11:25 O 699 1,505.00 GBX

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Sse Daily Update: Sse Plc is listed in the Electricity sector of the London Stock Exchange with ticker SSE. The last closing price for Sse was 1,507p.
Sse Plc has a 4 week average price of 1,382p and a 12 week average price of 1,285p.
The 1 year high share price is 1,621.50p while the 1 year low share price is currently 1,156p.
There are currently 1,042,166,491 shares in issue and the average daily traded volume is 2,625,086 shares. The market capitalisation of Sse Plc is £15,533,491,548.36.
wad collector: I like to spread takeover bid rumours and came across these - VShares soar as SSE looks like latest takeover play Investors yesterday piled another £224m on to the stock market worth of Scottish & Southern Energy after the Perth-based utility again became a possible takeover target as German power giant E.ON abandoned its battle to wrest control of Spain's Endesa. This latest flurry of speculation comes just six weeks after SSE was touted as a likely target for the new-broom chief executive of German utility RWE. Russian gas company Gazprom has also been linked recently to a bid for SSE.Shares soar as SSE looks like latest takeover play Investors yesterday piled another £224m on to the stock market worth of Scottish & Southern Energy after the Perth-based utility again became a possible takeover target as German power giant E.ON abandoned its battle to wrest control of Spain's Endesa. Shame that was 14 yrs ago , but it still might happen...
unastubbs: trading update today SSE plc is due to publish its financial results for the year ending 31 March 2021 on 26 May 2021. FINANCIAL OUTLOOK In its Q3 Trading Statement on 2 February, SSE reiterated its expectation that full year 2020/21 adjusted earnings per share would be in the 85 pence to 90 pence range, based on assumptions about weather conditions and the impact of coronavirus. Since then: -- Weather conditions have meant that the shortfall in output from renewable sources has increased from 5% below plan for the nine months to 31 December 2020, to around 9% below plan as at 23 March. -- However, SSE now expects the impact of coronavirus on adjusted operating profit to be around GBP180m for the full year, compared to the previously forecast GBP150m - GBP250m range. In light of the above, SSE continues to expect to report adjusted earnings per share in that 85 pence to 90 pence range for the full year. Net debt is now expected to be around GBP9bn at 31 March 2021. SSE intends to recommend a full-year dividend of 80p per share plus RPI for 2020/21 and continues to target annual RPI increases to 2023 as set out in its five-year dividend plan.
unastubbs: good point wad collecter, though hopefully the labour party has the message now on what policies will get them elected. since you mention politics, could it be the socialist admin already in power in scotland means that a takeover of the company is entirely off limits, with SSE being seen as something of a flagship? is it a concatanation of all the factors mentioned in the preceding posts. obviously the rise in bond prices is having a double effect right now, not only do utilities require a higher yield to make them investible by comparison with bonds, there's also the implied threat of rising interest rates and what that means for debt. i'm happy to take a near 6% yield from sse in exchange for the likely turbulence to be experienced in the share price
bountyhunter: Could SSE become a takeover target based on increasingly green credentials? The value of SSE’s renewable assets was underlined earlier this year when the firm bagged a nice profit selling a stake in a wind project in Dogger Bank that SSE co-owns with Norway’s Equinor to Italian oil major ENI earlier this year. “That seemed to confirm the clear upward trend in the market value of renewable assets and with oil majors potentially wading in at almost any price given their determination – and need – to reinvent themselves – SSE’s shares could yet offer greater potential for capital appreciation than many investors realise.” Https://
skinny: SSE PLC DOGGER BANK WIND FARM. SSE Renewables, together with its 50:50 joint venture partner, Equinor, has reached financial close on the first two phases of what will be the world's biggest offshore wind farm. The two companies are proceeding with the first two phases of Dogger Bank Wind Farm, a ground-breaking project off the north east coast of England which, once all three phases are complete in March 2026, will be the largest in the world. Each phase has a capacity of 1,200MW and will generate around 6,000GWh. In total, Dogger Bank will produce enough clean, renewable electricity to supply 5% of the UK's demand, equivalent to powering six million UK homes. The funding of the development of Dogger Bank A and B represents the largest ever offshore wind project financing anywhere in the world and SSE's expected equity investment forms part of its GBP7.5 billion investment programme to March 2025, the renewables element of which will double its renewables output by 2025. Total investment in the first two phases of the project will be around GBP6 billion and has already created hundreds of UK jobs, with more to come as project construction ramps up. Dogger Bank Wind Farm is the largest of SSE Renewables' projects currently in construction. SSE Renewables is currently also leading the construction of the Seagreen offshore wind farm (1,075MW, SSE Renewables share 49%), which will be Scotland's largest on completion, and the wholly-owned Viking wind farm (443MW), the UK's most productive onshore wind farm. Together these flagship renewable energy projects are driving SSE Renewables' significant growth to 2025 and demonstrate the quality and value of its development portfolio. Alistair Philips-Davies, SSE Chief Executive , said: "We are proud to be leading on the construction and development of Dogger Bank Wind Farm, which has been 10 years in the making. We are putting our money where our mouth is on delivering net zero and reinforcing the UK's position as a world leader. This investment will help drive a green recovery from coronavirus through the project's construction over the next five years, creating jobs and boosting the local economy. "Achieving financial close for the first two phases of the world's largest wind farm is a huge accomplishment and, alongside reaching Seagreen 1 financial close earlier this year, represents significant progress towards achieving our goal of trebling our renewable output by 2030." Pål Eitrheim, Equinor EVP of New Energy Solutions , said: "Reaching financial close on the two first phases of Dogger Bank is a major milestone, demonstrating our commitment to profitable growth within offshore wind. The extensive interest from lenders, underpins the attractiveness of UK offshore wind assets and confidence in SSE and Equinor. As the wind farm's future operator, we are proud to take this big step forward in delivering what will be the backbone of a growing wind hub in the North Sea. Through the sheer scale of the project we have delivered record-low contract prices for the UK market, and as operator of the wind farm we will continue to deliver value to the UK for years to come." more.....
waldron: THE SCOTSMAN Huge Scottish wind farms to power a million homes form part of £7bn SSE investment Perth-based energy giant SSE has pledged an £7 billion investment to “spur the green economic recovery” including the construction of the UK’s biggest onshore wind farm. By Scott Reid Wednesday, 17th June 2020, 12:07 pm Updated 4 hours ago Perth-headquartered SSE is a major producer of green power. The commitment came as the FTSE-100 company released full-year results showing a double-digit hike in adjusted operating profits and a continued shareholder dividend payout. Its plans will see the group invest almost £4 million-a-day for the next five years on projects including two major new wind farms – generating sufficient electricity to power more than one million homes. SSE confirmed plans to build the £580m Viking onshore wind farm on Shetland, which would be the UK’s biggest onshore facility, and the £3bn Seagreen offshore wind farm, alongside French giant Total. Together, those projects are expected to create some 800 jobs and support thousands more in the supply chain. In England, SSE said it was continuing to move ahead with plans to build the world’s largest offshore wind farm, off the coast of Yorkshire. That would generate more than 1,000 construction jobs at its peak. Chief executive Alistair Phillips-Davies said: “It’s easy to talk about a green recovery, but we’re putting our money where our mouth is with £7bn of low-carbon infrastructure projects that can deliver a win-win for climate and economy. “The investment plans we’ve set out underline our intentions as a British business providing a boost to the economy and we want to work with government to make the green recovery and delivery of net zero a reality. “The world is facing twin crises with the economic impact of coronavirus and the climate emergency and the only route forward is to unlock investment. Plenty of businesses talk a good game on climate action, but we’re serious.” Adjusted operating profit rose 37 per cent to just under £1.5bn as the group, which has offloaded its energy supply business to focus on green power production, recovered from a “challenging” 2018/19. However, reported operating profit fell 40 per cent to £963.4m due to the impact of exceptional items. A final dividend of 56p per share was declared, making a full-year payment of 80p – in line with a five-year plan on shareholder payouts. John Moore, senior investment manager at Brewin Dolphin, said: “SSE has committed to its progressive dividend policy, which will be a massive relief to many income investors in the current climate. “Aside from that, it’s a mixed bag for the underlying business, with its generation assets picking up slack from regulated activities. “The investment in a major onshore wind project in Shetland is a significant move, as it helps grow the successful renewable energy division. “However, in overall terms, the immediate trading picture appears more challenging and, although it appears to be in decent shape, SSE remains a business in transition.”
indianspan: With the coronavirus outbreak still causing uncertainty in the market, now could be an excellent time to buy defensive shares. The market is likely to remain turbulent for some time. Financial analysts are still trying to determine the impact that the virus will have on the global economy. With more uncertainty on the horizon, I think buying defensive stocks could be a great strategy to weather the storm. Defensive dividend share Unlike other FTSE 100 businesses, energy company SSE (LSE: LON:SSE) is committed to its dividend. In a recent trading update, SSE announced its board would be recommending a full-year dividend of 80p per share. If the business maintains its dividend, I believe income investors who might be considering selling their positions in Shell (LON:RDSa) or BT could seek out SSE shares. The business acknowledges that there is a possibility that the economic fallout of the coronavirus outbreak may harm its results. It is a situation that the company is monitoring closely, but “has not so far had any material impact on SSE’s financial results for 2019/20”. As a clean infrastructure business, SSE might avoid the worst of the economic damage caused by the virus, unlike other industries. As the demand for cleaner energy increases, I would expect this to have a positive impact on SSE’s revenue growth and profitability over the long term. This outlook will please buyers of defensive shares and growth investors alike. SSE shares are currently trading with a prospective dividend yield of 7.5%. The business hopes to increase its dividend payments in the coming years to at least the rate of inflation. With SSE’s generous dividend and defensive nature, this could be a great share to buy and hold. British American Tobacco (LON:BATS) Tobacco stocks have been out of favour with investors for some time, due to overall consumption declining in many places around the world. Of course, the volume of cigarettes sold will probably continue to decline in the future. So far, tobacco companies have managed this reduction in volume by increasing prices. However, in a recent update, British American Tobacco (LSE: BATS) said it had a strong start to the year, with volumes increasing by 0.4%. Despite the ongoing uncertainties surrounding the impact of coronavirus, the company is committed to its high single figure earnings growth target for 2020. This will please buyers of defensive shares, who are on the lookout for stable earnings in times of economic uncertainty. Despite this, its share price is down by 6% in the year-to-date. Consequently, the shares have a price-to-earnings ratio of 10. In the future, BATs plans to increase margins further and to convert 90% of adjusted profit into operating cash flow. The group is conscious that customers will move away from cigarette products. It has an ambitious aim of reaching £5bn of revenue in its alternative tobacco and nicotine products. With the slump in its share price and defensive qualities, now could be a great time to invest in the company. The post Defensive shares: I’d consider investing in these 2 FTSE 100 stocks appeared first on The Motley Fool UK. T Sligo has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2020 First published on The Motley Fool
bountyhunter: Debt to be reduced from sale to OVO... SSE PLC TO COMPLETE SALE OF SSE ENERGY SERVICES TO OVO ENERGY 15 January 2020 SSE plc is today completing the sale of SSE Energy Services Group Limited, its household energy and services business in GB, to OVO Energy Limited for an enterprise value of GBP500m (the "Transaction"). The net proceeds of the Transaction will be used to reduce SSE's net debt (see Transaction Details below). In the period since SSE and OVO agreed the sale in September 2019, the necessary regulatory approvals have been secured and joint integration planning has been undertaken to ensure a smooth transition for customers and employees. Completion of the Transaction enables SSE to strengthen its focus on delivering the low-carbon infrastructure needed to help the UK reach net zero emissions. Alistair Phillips-Davies, Chief Executive of SSE plc, said: "We are very pleased to be completing this transaction, which we firmly believe is the best outcome for the business, its customers and its employees. "The sale is in line with our clear strategy, centred on developing, operating and owning renewable energy and electricity network assets, along with growing businesses complementary to this core. SSE enters the new decade as a more focused group, even better positioned to lead the low carbon transformation required to achieve the UK's vital net zero commitment in the years to come." Stephen Fitzpatrick, CEO and Founder of OVO, said: "Today is an exciting day. It marks the end of one chapter for OVO but, more importantly, the beginning of the next one together with the SSE Energy Services business. We started OVO with a bold ambition to do better for customers and have stayed true to that vision ever since. "SSE's history of excellence at scale combined with OVO's innovative technology and our Plan Zero commitments mean that together, as one team, we can bring millions more people with us on our journey towards zero carbon living." TRANSACTION DETAILS -- The net cash proceeds of the Transaction will be used to reduce SSE's net debt. -- SSE Energy Services will be sold for an enterprise value of GBP500m comprising GBP400m in cash and GBP100m in loan notes.
skinny: CREATION OF SSE RENEWABLES SSE plc plans to consolidate the development, operation and ownership of its renewable energy assets in the UK and Ireland under a single entity to be known as SSE Renewables. The creation of SSE Renewables is a step towards SSE's vision of being a leading energy company in a low carbon world and is in line with SSE's commitment, set out in its Business Update in May 2018, to take forward a new business model that gives: · greater focus on core businesses including renewables; · investors greater visibility of assets and earnings; · each of its businesses the best platform for future success. Assets SSE Renewables will comprise SSE's existing operational assets, and assets under development and construction in the UK and Ireland in: · onshore wind; · offshore wind; · flexible hydro electricity; · run-of-river hydro electricity; and · pumped storage The group's operational assets are currently expected to total over 4GW at 31 March 2019, with actual capacity subject to the potential sale of stakes of up to 50% in the Stronelairg and Dunmaglass onshore wind farms. Markets The assets of SSE Renewables are all in the UK and Ireland, and the business' focus will remain on those markets. In line with its Business Update in May, SSE is also seeking to extend its core competences in renewables energy to geographical areas beyond the UK and Ireland. The creation of SSE Renewables is expected to result in the creation of more opportunities in different markets, and SSE has begun the process of early assessment of potential opportunities. Management SSE Renewables will have its own and dedicated and experienced management team. Jim Smith currently SSE's Managing Director, Generation, has been appointed Managing Director Designate for SSE Renewables. Reporting to Wholesale Director Martin Pibworth, he will lead the work being done to prepare for the formation of the new entity, which is expected to be largely complete by the end of the current financial year. Management of and reporting in relation to the new entity is likely to begin in advance of its formal incorporation. more.....
jrphoenixw2: SSE Plc (SSE) Tuesday 25 September, 2018 Notification of closed period RNS Number : 7793B NOTIFICATION OF CLOSED PERIOD SSE plc will enter its closed period on 12 October, prior to the publication on 14 November 2018 of its financial results for the six months to 30 September 2018. This statement reiterates the technical guidance included in SSE's Trading Statement of 12 September 2018. Transition SSE continues to expect the 2018/19 financial year to be one of transition for the SSE group, with the proposed demerger of SSE Energy Services and, subject to final regulatory approval, subsequent combination of that business with npower Group Limited under a new holding company to be listed on the Premium Segment of the Main Market of the London Stock Exchange. The CMA announced on 30 August 2018 that it has provisionally found that the proposed merger does not raise competition concerns and the transaction remains on course for completion by the end of SSE's current financial year. Dividend SSE continues to expect to recommend a full-year dividend of 97.5 pence per share for 2018/19 and to deliver the five year dividend plan it set out in its Business Update on 25 May 2018. Results As set out in its Trading Statement on 12 September 2018, SSE expects that its adjusted operating profit for the six months to 30 September 2018 will be around half of that delivered in the same period in 2017 (which was £586m). The position with regard to the Wholesale, Networks and Retail businesses also remains as set out on 12 September 2018. SSE's adjusted net debt and hybrid capital is expected to be around £9.9bn at 30 September 2018. The outlook for the year to 31 March 2019 is also unchanged from that set out in SSE's Trading Statement on 12 September 2018. Ratings SSE believes that its ongoing commitment to a strong financial balance sheet, its high quality portfolio of assets and its increasing focus on economically-regulated networks and renewables contribute towards a strong credit rating. It will engage constructively with S&P following its 'negative watch' announcement on 19 September 2018 and Moody's following its 'review for downgrade' announcement on 24 September 2018. Investment SSE is still expecting its capital and investment expenditure to total around £6bn across the five years to March 2023, including around £1.7bn in 2018/19. The Stronelairg onshore wind farm (228MW), output from which will qualify for Renewable Obligation Certificates, now has 64 of the 66 turbines installed, and 44 commissioned and remains on course for completion in 2019. Beatrice offshore wind farm (588MW; SSE share 40%) now has 20 of the 84 turbines installed, with 18 exporting power, and it also remains on track for completion in 2019. The £1.1bn Caithness-Moray transmission link is now in advanced stage of commissioning. Scottish and Southern Electricity Networks continues to work with its key contractors to make the necessary progress so that the project remains on track for delivery by the end of 2018. Other developments Since SSE published its Trading Statement on 12 September, Total has announced a 'major' gas discovery on the Glendronach prospect, West of Shetland, which is operated by Total E&P UK with a 60% interest, alongside Ineos E&P UK Limited (20%) and SSE E&P UK Limited (20%). Interim Results on 14 November 2018 At its Business Update in May 2018, SSE set out how it is taking forward a new business model and re-shaping the SSE group to give it a greater focus on its core of economically-regulated networks and renewable sources of energy, and to give investors greater visibility of assets and earnings in the future. This work is continuing; and at its Interim Results in November SSE expects to set out how its energy portfolio management strategy will evolve to reflect its asset base and operations following the planned SSE Energy Services transaction. Alistair Phillips-Davies, Chief Executive, SSE said: "As we announced earlier this month, well-intentioned decisions intended to mitigate commodity price risk to SSE's businesses through energy portfolio management will lead to a disappointing outcome in terms financial results in 2018/19, something the Board clearly regrets. "We will work very hard in the coming months to deliver the best possible results in the circumstances for 2018/19 while making good progress towards the evolved business model for SSE set out in May 2018. We have made significant progress in our strategic goal of renewing and reshaping the SSE group for the long term with the planned SSE Energy Services transaction on course for completion as planned and key milestones reached in the programme of investment in new assets in regulated networks and renewable energy. "Fundamentally, it is the quality and nature of its assets and operations in regulated networks and renewables that will support the delivery of SSE's five-year dividend plan, to which we remain committed and which we are confident of delivering."
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