SSE Soars, ABN Amro Up, Taylor Wimpey Down
On this episode of Stock Movers:
- SSE shares rose 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.
- ABN Amro agreed to acquire NIBC Bank from Blackstone for about €960 million ($1.11 billion) in the biggest acquisition by the Dutch lender since it was re-listed on the stock exchange a decade ago.
- Taylor Wimpey shares fell as the housebuilder reiterated guidance for 2025 to account for a softer housing market and uncertainty about measures in the UK budget.
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