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Share Price: 1,800.00
Bid: 1,797.50
Ask: 1,798.50
Change: 61.00 (3.51%)
Spread: 1.00 (0.056%)
Open: 1,752.00
High: 1,802.50
Low: 1,746.50
Prev. Close: 1,739.00
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SSE cuts earnings forecast; considers options on energy unit

Fri, 08th Feb 2019 07:58

(Sharecast News) - SSE said on Friday cut its full year adjusted earnings forecast as a result of the Capacity Market payments standstill, adding that it was mulling options for its energy services unit after the collapse of the sale to Innogy's Npower.In a trading statement, SSE said adjusted earnings fell would fall by 6p a shares, taking the forecast to 64p - 69p.The EU General Court ruled last November that Britain must halt payments under the scheme pending an investigation by European Union regulators. SSE said it was due £60m."The UK government continues to believe that the capacity market is the right mechanism for delivering security of supply at the lowest cost to consumers and stated in February 2019 that it intends to ensure that suspended payments are made to holders of capacity market agreements for 2018/19. This should make this income recognition issue a matter of timing only," SSE said.SSE said it believed its energy services operation would be "best positioned...in a future outside of the SSE group".Future options included a standalone demerger and listing, a sale or an "alternative transaction"."If none of the other options is viable SSE may retain Energy Services as a separate, ring-fenced business within the SSE group that would be expected to be cash flow positive," SSE said.The company said reaffirmed its commitment to recommend a full-year dividend for 2018/19 of 97.5p a share and to deliver the five-year dividend plan set out in May 2018.
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17 Jun 2024 15:49

London close: Stocks mixed ahead of key UK inflation data

(Sharecast News) - London stocks ended Monday with a mixed performance as renewed concerns over French political uncertainty weighed on investors' minds.

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14 Jun 2024 12:15

IN BRIEF: SSE General Counsel Tanner sells GBP200,000 in shares

SSE PLC - Perth, Scotland-based electricity transmission and distribution utility - General Counsel Elizabeth Tanner sells 12,000 shares at GBP17.72, worth GBP212,632, on Friday.

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30 May 2024 13:35

Britain's creaking power grid leaves green energy revolution adrift

PORTSMOUTH, England, May 30 (Reuters) - British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry to make its crossings cleaner and greener. But it can't commission the vessel until it gets a power upgrade.

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30 May 2024 13:14

Britain's creaking power grid leaves green energy revolution adrift

PORTSMOUTH, England, May 30 (Reuters) - British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry to make its crossings cleaner and greener. But it can't commission the vessel until it gets a power upgrade.

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28 May 2024 09:36

LONDON BROKER RATINGS: RBC likes M&S; Goldman cuts Fevertree to 'sell'

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

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24 May 2024 09:04

UK household energy bills to fall from July as price cap lowered by 7%

(Alliance News) - The average household energy bill is to fall by 7% from July after Ofgem lowered its price cap in response to wholesale prices.

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22 May 2024 15:00

London close: Stocks in the red as inflation falls less than expected

(Sharecast News) - London stocks ended in negative territory on Wednesday, as market participants reacted to the possibility of a summer general election and disappointing inflation data for April.

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22 May 2024 11:15

TOP NEWS: SSE cuts annual dividend as planned in bid for growth cash

(Alliance News) - SSE PLC on Wednesday reported a big swing to profit in its recent financial year, but it stuck to its plan to cut its annual dividend by more than a third, saying this was in line with its "growth aligned dividend plan".

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22 May 2024 07:21

SSE reports 'strong' full-year earnings performance

(Sharecast News) - SSE reported a "strong performance" in its preliminary results for the year on Wednesday, with earnings per share coming in at the top end of guidance despite profits slipping.

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15 May 2024 16:03

UK earnings, trading statements calendar - next 7 days

Thursday 16 May 
Auction Technology Group PLCHalf Year Results
Bank of Cyprus Holdings PLCQ1 Results
BT Group PLCFull Year Results
Convatec Group PLCTrading Statement
easyJet PLCHalf Year Results
Future PLCHalf Year Results
Grainger PLCHalf Year Results
Helios Towers PLCQ1 Results
Nexus Infrastructure PLCHalf Year Results
Premier Foods PLCFull Year Results
Restore PLCTrading Statement
Sage Group PLCHalf Year Results
Tritax EuroBox PLCHalf Year Results
Tullow Oil PLCTrading Statement
Tyman PLCTrading Statement
United Utilities Group PLCFull Year Results
Vanquis Banking Group PLCTrading Statement
Vistry Group PLCTrading Statement
Friday 17 May 
Land Securities Group PLCFull Year Results
XLMedia PLCFull Year Results
Monday 20 May 
Kainos Group PLCFull Year Results
Likewise Group PLCFull Year Results
Nexxen International LtdQ1 Results
Ryanair Holdings PLCFull Year Results
Union Jack Oil PLCFull Year Results
Tuesday 21 May 
Assura PLCFull Year Results
Atalaya Mining PLCQ1 Results
Avon Protection PLCHalf Year Results
Caledonia Investments PLCFull Year Results
Calnex Solutions PLCFull Year Results
Cranswick PLCFull Year Results
Diaceutics PLCFull Year Results
FD Technologies PLCFull Year Results
Greencore Group PLCHalf Year Results
Ixico PLCHalf Year Results
Kingfisher PLCTrading Statement
Pennon Group PLCFull Year Results
Smiths Group PLCTrading Statement
SSP Group PLCHalf Year Results
Topps Tiles PLCHalf Year Results
Wednesday 22 May 
4imprint Group PLCTrading Statement
British Land Co PLCFull Year Results
Close Brothers Group PLCTrading Statement
Hardide PLCHalf Year Results
HICL Infrastructure PLCFull Year Results
Marks & Spencer Group PLCFull Year Results
Regional REIT LtdTrading Statement
RS Group PLCFull Year Results
Severn Trent PLCFull Year Results
SSE PLCFull Year Results
STS Global Income & Growth Trust PLCFull Year Results
  
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A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
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9 May 2024 10:26

Balfour Beatty says trades in line amid "progress" on pacts

(Alliance News) - Balfour Beatty PLC on Thursday said it has traded in line with expectations so far in 2024, as it makes progress on major deals.

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3 May 2024 09:14

LONDON BROKER RATINGS: Jefferies cuts AJ Bell; Deutsche likes ConvaTec

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

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18 Apr 2024 08:59

LONDON MARKET OPEN: Europe up as overlooks New York tech sell-off

(Alliance News) - Stock prices in London opened higher on Thursday, with the FTSE 100 supported by some promising corporate updates.

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17 Apr 2024 09:33

LONDON BROKER RATINGS: BofA cuts Ashmore; JPMorgan lifts Fresnillo

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

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12 Apr 2024 09:55

LONDON BROKER RATINGS: JPMorgan raises Taylor Wimpey, Persimmon

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

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