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Share Price Information for SSE (SSE)

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Share Price: 1,709.50
Bid: 1,713.50
Ask: 1,714.50
Change: 13.50 (0.80%)
Spread: 1.00 (0.058%)
Open: 1,703.00
High: 1,730.00
Low: 1,699.00
Prev. Close: 1,696.00
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LONDON MARKET PRE-OPEN: SSE Interim Profit To Halve After Hot Weather

Wed, 12th Sep 2018 07:42

LONDON (Alliance News) - Stocks in London are set to open higher on Wednesday, with trade tensions rumbling on in the background but oil majors poised to benefit from an overnight rise in crude prices.In early UK company news, SSE said it expects interim profit to be around half that recorded a year ago due to unfavourable weather and higher gas prices. Galliford Try reported a jump in annual profit but lowered its dividend payout, and Dunelm saw full-year profit edge up.IG says futures indicate the FTSE 100 index of large-caps to open 10.06 points higher at 7,283.60 on Wednesday. The FTSE 100 closed down 0.1%, or 5.76 points at 7,273.54 on Tuesday."Wall Street traded higher overnight shrugging off trade tensions, amid rallying tech stocks led by Apple and a 2% gain in oil prices, Meanwhile Europe is looking to take the lead from the US with European bourses broadly looking to start the session on the front foot," said Jasper Lawler, head of research at London Capital Group.In the US on Tuesday, Wall Street ended higher after a slightly negative start, with the Dow Jones Industrial Average rising 0.4%, the S&P 500 also gaining 0.4% and Nasdaq Composite advancing 0.6%.Meanwhile, oil was quoted at USD79.36 a barrel early Wednesday, up from USD78.65 late Tuesday.Lawler explained: "A combination of falling oil inventories, looming Iranian sanctions hitting output and hurricane Florence, which is expected to hit the US east coast and disrupt the energy market, boosted oil in early trade."US sanctions against Iran are set to come into effect in the first week of November, with exports from Iran expected to fall by nearly 40%. Hurricane Florence - which is is expected to strengthen into a near-Category 5 storm as it approaches North and South Carolina - could cause flooding and power interruptions and result in the shutting down of Colonial Pipeline.In UK political news, Theresa May's role as UK prime minister was under fresh pressure after Tory MPs spent nearly an hour war-gaming how to oust her at a private meeting.Around 50 MPs discussed ways and means of getting rid of the UK prime minister at a gathering of the European Research Group, the Press Association understands.A number of MPs told how they had already submitted letters of no confidence to Graham Brady, chairman of the 1922 Committee, and others discussed plans to follow suit. If 48 letters are handed over a vote of no confidence would be triggered.The flurry of activity came after former foreign secretary Boris Johnson launched a fresh attack on May's Brexit plan, claiming it would be "substantially worse than the status quo" for British businesses.In company news, SSE said the hot weather seen in the UK throughout the first five months of its financial year, to August 31, is expected to dent profit.Dry, still, warm weather in the financial year thus far, in addition to "persistently" high gas prices, has resulted in a higher cost of energy than expected and lower volumes of energy being consumed.As a result, SEE said its adjusted operating profit for the five months to August has been hit by around GBP190 million "compared with plan"."The net impact of higher-than-expected gas prices and other commodity price changes has accounted for just under half of this, with the impact of the weather accounting for most of the remainder," said SEE.The net result, the energy provider continued, is that SSE now expects adjusted operating profit for the first half of its financial year to be "around half" that delivered over the same period a year ago.Nonetheless, the company said it continues to expect to propose an annual dividend of 97.5 pence for its current financial year.Housebuilder Galliford Try said revenue and profit grew in its recently ended financial year, despite taking a hit from the collapse of outsourcer Carillion.Revenue for the year to June 30 grew 11% to GBP3.13 billion, as pretax profit jumped to GBP143.7 million from GBP58.7 million. Before exceptional items, profit rose 28%The company declared a full-year dividend of 77.0p, down 10% on last year's 86.0p. This, the company said, is in line with its policy announced during the year to increase its dividend cover to 2 times pre-exceptional profit.On the Aberdeen Western Peripheral Route project, the company said it has made "good progress" towards completion. Galliford Try had to book exceptional costs relating to the project during the year following the collapse of Carillion - which was a partner in the project alongside Galliford and Balfour Beatty - at the start of 2018.The total additional charge to date is GBP123 million, said Galliford, which has not increased beyond previous guidance, and of which GBP120 million has been classified as exceptional.Looking ahead, Galliford said its private and affordable homes units continue to see "good market fundamentals", while Linden Homes has made a good start to the new financial year with a "solid" order book, albeit one that is below last year but in line with 2016.Home furnishings retailer Dunelm said annual revenue grew while profit inched higher, with like-for-like sales boosted by growth in its online offering.Revenue for the year to June 30 grew 9.9% to GBP1.05 billion compared to GBP955.6 million the year before. Reported pretax profit edged up to GBP93.1 million from GBP92.4 million, while on an underlying basis profit fell 6.7% to GBP102.0 million from GBP109.3 million. The underlying measure reflected a full year of trading losses reported in respect of Worldstores, a "small reduction" in the core business gross margin, and increased operating costs due, in part, to a higher mix of online sales.Like-for-like sales grew 4.2% in the period, with store comparable sales up 1.0% and online sales surging 38%.The FTSE 250 constituent raised its full-year dividend to 26.5p per share."The UK retail environment remains challenging, but against this difficult background we have traded in line with expectations during the current financial year to date," said Chief Executive Nick Wilkinson.Sports Direct International said, ahead of its annual general meeting, trading is in line with its expectations of delivering between a 5% to 15% rise in underlying earnings before interest, taxes, depreciation and amortisation for the current financial year, excluding the recent acquisition of department store House of Fraser.Chief Executive Mike Ashley said: "Our strategy to transform House of Fraser into the Harrods of the High Street will be a game changer." Meanwhile, Goals Soccer Centres - in which Sports Direct holds a 18.9% stake - swung to a loss for the first half of the year.For the first six months of 2018, Goals Soccer Centres saw revenue fall to GBP16.2 million from GBP17.4 million a year ago as it swung to a pretax loss of GBP1.1 million from a GBP2.6 million profit last year.As previously flagged, the soccer centre operator was hit by snow in the first quarter of the year and the re-scheduling of amateur 11-a-side games to midweek time slots in the second quarter.However, second half trading has begun well and despite the "challenging" first half like-for-like sales for the year to date are now positive, the company said.Mid-cap clothing retailer Superdry said it has appointed Brigitte Danielmeyer, the former global head of womenswear at US fashion brand Tommy Hilfiger, to its new role of chief product officer. Superdry also announced the launch of new fast-fashion ranges called Preview.Ryanair pilots and flights attendants are taking part in a 24-hour strike that started at 3.01 am local time in Germany on Wednesday, which has caused the budget airline to cancel 150 of its 400 flights to and from Germany.The strike is being organized by German pilots union Vereinigung Cockpit and German workers union Verdi in an effort to push for better pay and conditions for their members.In Asia on Wednesday, the Japanese Nikkei 225 index closed down 0.3%. In China, the Shanghai Composite is down 0.2%, while the Hang Seng index in Hong Kong is 0.1% lower.In the economic calendar on Wednesday, eurozone industrial production is at 1000 BST while, in the US, producer prices are at 1330 BST.
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25 Jul 2023 09:01

LONDON BROKER RATINGS: Auto Trader and Moneysupermarket ratings cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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24 Jul 2023 10:34

Director dealings: Mind Gym founder invests, SSE board member sells down

(Sharecast News) - Mind Gym was at the top of the list of director buys on Monday afternoon, after its co-founder and president picked up almost 0.83 million shares.

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20 Jul 2023 16:16

UK dividends calendar - next 7 days

Friday 21 July 
abrdn Japan Investment Trustdividend payment date
C&C Group PLCdividend payment date
Experian PLCdividend payment date
ICG Enterprise Trust PLCdividend payment date
Impax Asset Management Group PLCdividend payment date
JPMorgan European Growth & Income PLCdividend payment date
Land Securities Group PLCdividend payment date
Learning Technologies Group PLCdividend payment date
Montanaro UK Smaller Cos Investment Trust PLCex-dividend payment date
RS Group PLCdividend payment date
RWS Holdings PLCdividend payment date
Urban Logistics REIT PLCdividend payment date
Monday 24 July 
no events scheduled 
Tuesday 25 July 
Brunner Investment Trust PLCdividend payment date
Wednesday 26 July 
Airtel Africa PLCdividend payment date
Baillie Gifford China Growth Trust PLCdividend payment date
Camellia PLCdividend payment date
Ecora Resources PLCdividend payment date
Worldwide Healthcare Trust PLCdividend payment date
Thursday 27 July 
abrdn Asian Income Fund Ltdex-dividend payment date
AEW UK REIT PLCex-dividend payment date
Bankers Investment Trust PLCex-dividend payment date
Bellevue Healthcare Trust PLCex-dividend payment date
BlackRock Throgmorton Trust PLCex-dividend payment date
Bloomsbury Publishing PLCex-dividend payment date
City of London Investment Trust PLCex-dividend payment date
Compass Group PLCdividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
CQS New City High Yield Fund Ltdex-dividend payment date
Diverse Income Trust PLCex-dividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCex-dividend payment date
Fidelity China Special Situations PLCdividend payment date
Fuller, Smith & Turner PLCdividend payment date
GCP Asset Backed Income Fund Ltdex-dividend payment date
Henderson Far East Income Ltdex-dividend payment date
Henderson International Income Trust PLCex-dividend payment date
International Biotechnology Trust PLCex-dividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
JPMorgan China Growth & Income PLCex-dividend payment date
JPMorgan Claverhouse Investment Trust PLCex-dividend payment date
Mears Group PLCdividend payment date
MoneySupermarket.com Group PLCex-dividend payment date
Monks Investment Trust PLCex-dividend payment date
Nexteq PLCex-dividend payment date
PayPoint PLCex-dividend payment date
Qinetiq Group PLCex-dividend payment date
Redcentric PLCex-dividend payment date
Serica Energy PLCdividend payment date
Smart Metering Systems PLCdividend payment date
Sportech PLCex-dividend payment date
SSE PLCex-dividend payment date
Tribal Group PLCdividend payment date
VPC Specialty Lending Investments PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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20 Jul 2023 09:23

SSE reaffirms guidance despite quarterly shortfall on dry weather

(Alliance News) - SSE PLC on Thursday reaffirmed its annual earnings per share guidance, but bemoaned the impact of dry weather after experiencing a shortfall over the first quarter.

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20 Jul 2023 07:02

SSE reiterates full-year earnings target

(Sharecast News) - SSE reiterated its full-year earnings guidance on Thursday, despite dry, still weather hitting renewables output.

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13 Jul 2023 15:58

UK shareholder meetings calendar - next 7 days

Friday 14 July 
Templeton Emerging Markets Investment Trust PLCAGM
Monday 17 July 
All ThingsConsidered Group PLCAGM
Tower Resources PLCAGM
Tuesday 18 July 
Alkemy Capital Investments PLCAGM
Bloomsbury Publishing PLCAGM
CT Property Trust LtdGM re takeover by LondonMetric Property
e-Therapeutics PLCAGM
MobilityOne LtdEGM re Tete planned JV deadline extension
SmartSpace Software PLCAGM
Strategic Minerals PLCAGM
Wynnstay Properties PLCAGM
Wednesday 19 July 
Berkeley Energia LtdAGM
Caledonian Trust PLCAGM
DG Innovate PLCAGM
Experian PLCAGM
HICL Infrastructure PLCAGM
Mind Gym PLCAGM
Sportech PLCGM re share capital restructure
Triple Point Income VCT PLCAGM
Thursday 20 July 
ACG Acquisition Co LtdEGM re acquisition of the Atlantic Nickel
Big Yellow Group PLCAGM
CT UK High Income Trust PLCAGM
Evgen Pharma PLCAGM
FD Technologies PLCAGM
Fuller, Smith & Turner PLCAGM
GB Group PLCAGM
Halma PLCAGM
Intermediate Capital Group PLCAGM
International Distributions Services PLCAGM
Fidelity China Special Situations PLCAGM
Johnson Matthey PLCAGM
Kingspan Group PLCEGM re delisting
Pennon Group PLCAGM
Premier Foods PLCAGM
Premier Miton Group PLCAGM
Qinetiq Group PLCAGM
SSE PLCAGM
TR Property Investment Trust PLCAGM
VP PLCAGM
Weiss Korea Opportunity Fund LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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13 Jul 2023 15:57

UK earnings, trading statements calendar - next 7 days

Friday 14 July 
Ashmore Group PLCTrading Statement
Burberry Group PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
McBride PLCTrading Statement
Ninety One PLC and LtdTrading Statement
Monday 17 July 
Brickability Group PLCFull Year Results
Gore Street Energy Storage Fund PLCFull Year Results
Northern Bear PLCFull Year Results
Tuesday 18 July 
Arbuthnot Banking Group PLCHalf Year Results
Artisanal Spirits Co PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
Luceco PLCTrading Statement
Midwich Group PLCTrading Statement
Ocado Group PLCHalf Year Results
Petra Diamonds LtdTrading Statement
Record PLCTrading Statement
Rio Tinto PLCTrading Statement
Wise PLCTrading Statement
Wednesday 19 July 
Antofagasta PLCTrading Statement
BHP Group LtdTrading Statement
Hargreaves Lansdown PLCTrading Statement
Severn Trent PLCTrading Statement
Redcentric PLCFull Year Results
Thursday 20 July 
3i Group PLCTrading Statement
AJ Bell PLCTrading Statement
Anglo American PLCTrading Statement
Babcock International Group PLCFull Year Results
BHP Group LtdTrading Statement
Diploma PLCTrading Statement
Dunelm Group PLCFull Year Results
easyJet PLCTrading Statement
Howden Joinery Group PLCHalf Year Results
IG Group Holdings PLCFull Year Results
Intermediate Capital Group PLCTrading Statement
International Distributions Services PLCTrading Statement
Kier Group PLCTrading Statement
PensionBee Group PLCTrading Statement
Pharos Energy PLCTrading Statement
Premier Miton Group PLCTrading Statement
SSE PLCTrading Statement
Taylor Maritime Investments LtdFull Year Results
Vistry Group PLCTrading Statement
Volution Group PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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4 Jul 2023 17:28

UK's National Grid and SSEN in JV for 2 GW electricity transmission project

LONDON, July 4 (Reuters) - Scottish and Southern Energy Networks (SSEN) said on Tuesday it had signed a joint venture agreement with Britain's National Grid Electricity Transmission (NGET) to build a 2 gigawatt (GW) subsea cable linking northern Scotland to England.

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27 Jun 2023 08:57

LONDON BROKER RATINGS: UBS cuts BT'; HSBC starts Smiths with 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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12 Jun 2023 09:19

LONDON BROKER RATINGS: Goldman Sachs cuts Great Portland to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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6 Jun 2023 10:15

SSE fined £10m by Ofgem for overcharging

(Sharecast News) - SSE has been fined nearly £10m by the regulator for overcharging National Grid, in breach of its licence.

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6 Jun 2023 09:14

UK energy regulator says SSE Generation to pay $12.2 mln for licence breach

June 6 (Reuters) - Britain's energy regulator Ofgem said on Tuesday SSE Generation will pay 9.8 million pounds ($12.2 million) for securing excessive payments from the National Grid Electricity System Operator (ESO) for reducing output at Foyers power station.

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6 Jun 2023 08:09

SSE to pay near GBP10 million penalty for licence breach

(Alliance News) - Energy company SSE PLC is to pay a GBP9.8 million penalty after breaching its generation licence, the industry regulator has announced.

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LONDON BROKER RATINGS: Morgan Stanley raises ConvaTec to 'overweight'

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LONDON BROKER RATINGS: RBC cuts Halfords; Berenberg likes Sabre

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