SSE Soars, RWE Up, Edenred Plunges
On this episode of Stock Movers:
- SSE shares climbed to a record after the utility said it will raise about £2 billion ($2.6 billion) in new shares to help finance a £33 billion drive to upgrade its grids and boost renewable energy.
- RWE saw better-than-expected earnings in 3Q, driven by one-off gains linked to the sale of a data center development project and improved energy trading results.
- Edenred shares dropped as Brazil issued a decree regarding major regulatory changes to the country’s meal voucher and food voucher system.
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