STOCK WATCH

■ GREENCOAT UK Wind has risen to become a giant of the renewables energy sector.

Worth £3.6bn, it is Britain’s 111th biggest listed company ranked by market capitalisation, a value that will be enhanced by its £400m purchase of 12.5pc of Hornsea 1, the UK’s largest wind farm.

The shares, up 18pc in a year, fell 1.5pc, or 2.3p, to 152.7p. Greencoat’s stock trades at a modest premium to net asset value, though its 5pc dividend yield is a real kicker for income investors.