SSE Plc is selling a stake in its electricity network assets as it grapples with pressure from activist investor Elliott Investment Management.
(RTTNews) - Renewable electricity company SSE plc (SSE.L) reported Wednesday that its first-half profit before tax surged 116 percent to 1.69 billion pounds from last year''s 779.4 million pounds. Earnings per share were 103.6 pence, up 65 percent from 62.9 pence a year ago. Adjusted profit before tax was 174.2 million pounds, compared to 133.
The FTSE 100 index will dominate another trading week as constituents Royal Mail PLC (LSE:RMG), Vodafone plc, Imperial Brands PLC (LSE:IMB), British Land Company PLC (LSE:BLND) and SSE PLC (LSE:SSE) a
ICLN: Increased Attractivity Fueled By Revised Benchmark Index Composition
Green energy seems likely to be less profitable than the businesses SSE is moving out of, though it's hard to say yet. The lower dividend seems to suggest as much, though.

6 Stocks Set To Soar In 2021

07:55am, Wednesday, 16'th Dec 2020
With the Covid vaccine rollout accelerating, these companies will be big beneficiaries in the year ahead.

SSE Plc: Leading The Way To Net Zero

12:20am, Monday, 30'th Nov 2020
Company is leading the way to net zero emissions. Renewables division is building the world's largest offshore wind farm.

SSE Plc: Avoid This Green Energy Advocate

01:32pm, Monday, 09'th Nov 2020
SSE looks like a stable utility with a juicy yield. Its green energy agenda will damage returns. The dividend has lacked cash flow cover multiple times and has now been cut.
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