Debt yields rise from US to Germany, while Wall Street’s S&P 500 hits lowest level since November 2020
(Bloomberg) -- Most Read from BloombergGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesEverything-Selloff on Wall Street Deepens on 98% Recession OddsGoldman and BlackRock Sour on Stocks as Recession Risk RisesStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapJohn Paulson on Frothy US Housing Market: This Time Is DifferentThe UK’s stock and bond markets have lost at least $500 billion in combined value since Liz Truss took over as Prime Minister, with investor confidenc
SSE has pledged to reinvest any “additional” profits resulting from sky-high wholesale power prices into building new UK energy assets, as it forecast an increase of more than 25 per cent in earnings this year. The FTSE 100 energy company’s gas storage facilities and thermal power plants — which back up the grid when intermittent generation such as wind and solar are not operating — have continued to perform strongly this year, helping to mitigate a fall in output from SSE’s renewables assets because of unfavourable weather conditions. The company last year reported full-year EPS of 95.4p, which translated into pre-tax profits of more than £1.1bn.