The FTSE 100 index closed down 0.03 per cent or 2.55 points to 7,337.35 this afternoon, while sterling is at $1.32 against the US dollar.
Hedge fund Elliott Management has launched a blistering attack on SSE and called for sweeping changes at the renewable energy giant.
The New York-based activist, run by feared financier Paul Singer, demanded the company appoint two new board directors and reconsider splitting the firm in two.
A rebound in market sentiment continued on Wednesday, with shares set for their biggest two-day jump since November last year as investors became less concerned about the Omicron variant.
Stagecoach Group has seen its revenues and profits surge as the loosening of travel restrictions lead to a strong revival in regional bus travel.
Sales at the coach operator jumped by £125million to £579.4million in the six months to 30 October compared to the equivalent period in 2020, while pre-tax profits rose nearly sixfold to £31.1million after plunging by 90 per cent last year.
Concerns over the Omicron variant of Covid-19 have ‘weakened’ demand for holidays abroad this winter, holiday group Tui has warned, as it posted an annual loss of over £2billion.
It is reviewing whether to cut the remainder of its winter programme in light of the spread of the Omicron variant and a fourth wave of the pandemic.
>If you are using our app or a third-party site click here to read Business Live
Paul Singer’s Elliott Management has launched a blistering attack on SSE, calling for sweeping changes
