It’s normally a whiff of news about SSE’s dividend that whips up investors, but this time it’s news of stake-building by Elliott Management, the activist investor said to be pushing for a separation of the energy group’s renewables business, that has nudged the shares higher.
You can see why some people have become excited. SSE has overhauled its business to focus on electricity networks and renewables, with an eye on government decarbonisation targets. It has the largest renewable energy portfolio in Britain and Ireland, including the world’s largest offshore wind farm at Dogger Bank, Scotland’s deepest offshore wind farm at Seagreen and one of Europe’s largest onshore wind farms at Viking.
This shift has pushed SSE’s shares almost to the five-year high touched
