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SSE may not need to split now but it does need more clean energy expertise
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theguardian.comElliott Management’s open letters are improving. When the US activist hedge fund tried to take a pop at GlaxoSmithKline in the summer, it produced 17 pages of waffle that could have been condensed to a few sentences of substance. Tuesday’s 10-page blast at energy group SSE was tighter, scored a couple of solid hits and should make newish chairman Sir John Manzoni realise the Perth-based firm is in a scrap.
That is not to say Elliott is right on every score, or even on its main demand that SSE
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