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Pin to quick picksSSE Share News (SSE)

Share Price Information for SSE (SSE)

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Share Price: 1,794.50
Bid: 1,794.50
Ask: 1,795.50
Change: -4.50 (-0.25%)
Spread: 1.00 (0.056%)
Open: 1,770.00
High: 1,810.00
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Prev. Close: 1,799.00
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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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20 Jan 2023 18:01

London stocks post first weekly decline of the year

Retailers shine despite fall in Dec retail sales

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20 Jan 2023 12:06

LONDON MARKET MIDDAY: Sunny outlook for commodities lifts FTSE 100

(Alliance News) - Stock prices in London were higher at midday on Friday, with the FTSE 100 lifted by strength from mining and oil stocks amid a bright outlook for commodity demand.

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20 Jan 2023 09:02

LONDON MARKET OPEN: FTSE 100 lifted by commodities despite UK gloom

(Alliance News) - Stock prices in London opened higher on Friday morning, despite UK retail sales unexpectedly falling in December and consumer confidence dropping to a historic low, with miners and oil companies again providing a much-needed lift to the FTSE 100.

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20 Jan 2023 08:09

TOP NEWS: SSE to cut payout amid focus on investment; ups EPS guidance

(Alliance News) - SSE PLC on Friday said it is on track to deliver "record investment" of over GBP2.5 billion in its current financial year, though growth in output from non-renewables outpaced renewables.

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20 Jan 2023 07:51

LONDON BRIEFING: UK retail sales fall in December; US Fed to stay firm

(Alliance News) - Stock prices in London were set to open higher on Friday, despite a warning about higher-for-longer US interest rates and an unexpected fall in UK retail sales in December.

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20 Jan 2023 07:05

SSE lifts earnings forecast

(Sharecast News) - Power generator SSE upgraded annual earnings expectations as higher gas prices and better storage offset lower-than-expected renewables output.

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18 Jan 2023 10:39

Morgan Advanced Materials names former SSE CEO as chair designate

(Alliance News) - Morgan Advanced Materials PLC on Wednesday named former John Wood Group PLC chair and SSE PLC chief executive officer Ian Marchant as its new chair.

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18 Jan 2023 09:47

LONDON BROKER RATINGS: Bank of America and Oddo BHF cut Whitbread

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

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17 Jan 2023 09:36

LONDON BROKER RATINGS: Bernstein cuts Unilever to 'underperform'

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

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16 Jan 2023 09:34

LONDON BROKER RATINGS: SocGen raises Severn Trent to 'buy'

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

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13 Jan 2023 09:40

LONDON BROKER RATINGS: Berenberg likes Pendragon; HSBC cuts Keywords

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

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9 Jan 2023 09:49

LONDON BROKER RATINGS: Peel Hunt raises real estate; UBS cuts Ashmore

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

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5 Jan 2023 15:41

UK dividends calendar - next 7 days

Friday 06 January 
British Land Co PLCdividend payment date
Hill & Smith PLCdividend payment date
JD Sports Fashion PLCdividend payment date
JPMorgan European Growth & Income PLCdividend payment date
JPMorgan Global Growth & Income PLCdividend payment date
Pets at Home Group PLCdividend payment date
RS Group PLCdividend payment date
Town Centre Securities PLCdividend payment date
Monday 09 January 
abrdn Equity Income Trust PLCdividend payment date
Caffyns PLCdividend payment date
Chelverton UK Dividend Trust PLCdividend payment date
Intermediate Capital Group PLCdividend payment date
Investec PLCdividend payment date
Tuesday 10 January 
LondonMetric Property PLCdividend payment date
Norcros PLCdividend payment date
Wednesday 11 January 
3i Group PLCdividend payment date
Assura PLCdividend payment date
Bellway PLCdividend payment date
Fidelity Special Values PLCdividend payment date
National Grid PLCdividend payment date
Personal Assets Trust PLCdividend payment date
Severn Trent PLCdividend payment date
VP PLCdividend payment date
Worldwide Healthcare Trust PLCdividend payment date
Thursday 12 January 
Ashtead Group PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCspecial ex-dividend payment date
D4T4 Solutions PLCdividend payment date
Ecora Resources PLCex-dividend payment date
European Assets Trust PLCex-dividend payment date
Focusrite PLCex-dividend payment date
GSK PLCdividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
Majedie Investments PLCex-dividend payment date
Majedie Investments PLCex-dividend payment date
Origin Enterprises PLCex-dividend payment date
Premier Miton Group PLCex-dividend payment date
Primary Health Properties PLCex-dividend payment date
Regional REIT Ltddividend payment date
Sage Group PLCex-dividend payment date
Schroder UK Mid Cap Fund PLCex-dividend payment date
Smiths News PLCex-dividend payment date
SSE PLCex-dividend payment date
TR Property Investment Trust PLCdividend payment date
  
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4 Jan 2023 09:38

LONDON BROKER RATINGS: Bernstein cuts Aveva to 'market-perform'

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

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3 Jan 2023 09:24

LONDON BROKER RATINGS: Citigroup cuts Wizz Air; Redburn likes CRH

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

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