Company
LON:SSE
SSE PLC, formerly Scottish and Southern Energy PLC, is a holding company. The company is involved in the generation, transmission, distribution and supply of electricity; the production, storage, distribution and supply of gas, and the provision of other energy-related services.
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Following the receipt of the proceeds and completion of the Stronelairg and Dunmaglass acquisitions, the company said it should have £794mln of outstanding debt
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The more UK-company focused FTSE 250 gained over 147 points to close at 18,972
Under the UK capacity market scheme, the government pays power firms extra money to ensure a reliable supply of electricity during times of peak demand but it was suspended in November after the EU ruled it is an illegal form of state aid
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There is not a lot of earnings news on either side of the Atlantic to drive markets higher
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Struggles in its wholesale division hit half-year profits back in November, and investors will want to see what the options are after SSE’s recent failure to merge its retail business with Innogy
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A glance at some of the day's highlights from the Proactive Investors newswire
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The week ahead includes updates from Thomas Cook, Superdry, Ryanair and Tate & Lyle, among others.
Npower said it would make significant losses this year even with the savings from the job cuts
The renewable energy investor said it would acquire a 49.9% stake in each of the wind farms in partnership with a major UK pension fund
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The UK's premier share index finished down over 27 points at 6,834
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The Day Ahead will bring updates from the likes of Primark-owner Associated British Foods, a caffeine-free Whitbread, credit checker Experian, and software firm Sage
That’s according to UBS, which reckons investors are taking the risk of a general election “too lightly”
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Aside from the Brexit merry-go-round, the Week Ahead will bring UK inflation and retail sales numbers, plus updates from the likes of AB Foods, Persimmon, Bovis Homes, and Whitbread
The FTSE 100-listed utility, which at the start of this week abandoned a proposed merger of its energy services business with German-owned Npower due to competition issues, said proceeds will be used to reduce its net debt
SSE believes its consumer energy supply unit would be "best positioned" outside the rest of the group
The German bank repeated a ‘sell’ rating on the FTSE 100-listed firm and reduced its target to 115p from 135p, leading the shares to shed nearly 4% at 134.10p in late morning trading
George Salmon, equity analyst at Hargreaves Lansdown said: “SSE has an enviable track record of dividend increases, but investors might be worried about the group’s next five year plan"
The FTSE 100-listed firm said SSE Renewables will comprise around 4 gigawatts of SSE's existing renewable assets such as hydropower, onshore wind and several stakes in offshore wind projects
The UK blue-chip index closed down 19.97 at 7,033, while FTSE 250 shed over 75 points at 18,910
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Aside from the latest consumer price index data, the Day Ahead will also bring updates from the likes of British Land, SSE, Cobham, Smiths Group, and flyBe
An update on their progress will be provided by mid-December. SSE does not intend to provide further comment on the discussions until that update
The CMA's final report confirms the findings of its provisional review
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In the currency markets, sterling is around flat against the Euro and down 0.43% against the US dollar.
FTSE 100 was on the losing team all day and closed down over 21 points at 7,474
The narrative around the North Sea’s demise is both exaggerated and premature, but, the 'blue sky' very much remains in the West of Shetland region
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A look at the day's movers and shakers, featuring N4 Pharma, Zin Media, Rurelec, Trinity Exploration, Hurricane Energy, Thomas Cook, Gama Aviation, CyanConnode and Mosman
"We see the profit warning reaction as a buying opportunity," Deutsche Bank said
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The FTSE 100 closed nearly 31 points higher at 7,331, while FTSE 250 added over 42 at 20,500
FTSE 100 closed down nearly two points on the day at 7,302
SSE says that the new company remains on course to be formed and listed by the end of Q1 2019
It was around that level most of the day and closed at 7,304 - that's up around 0.37% on the week
Russ Mould, investment director at AJ Bell said: “The commitment to maintaining a dividend growth streak that dates back to 1992 may persuade some investors to look afresh at the stock today"
The FTSE 100-listed company said the relatively dry, still and warm weather has continued to impact on the group as have persistently high gas prices resulting in a higher cost of energy than expected
The UK blue chip index rose 34 points to 7,308 around 3.40pm
Ofgem said the planned energy price cap would save 11 million households on default deals about £75 on average
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The UK blue chip index was about 10 points lower at 7,373, above the session low of 7,357.09 but below the morning peak of 7,397.74
The merger will create Britain's second-largest retail power provider and reduce the ‘Big Six’ dominating the market to five companies as they face political scrutiny over tarriffs
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
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Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.
In a trading update released ahead of today’s annual general meeting, the FTSE 100-listed firm said its total customer accounts fell to 7.45mln as of 30 June 2018, down from 7.77mln a year earlier
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Footsie closed up around seven points, or 0.10% at 7,683 on Thursday
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The day ahead includes full year results from Sports Direct, a first quarter trading update from SSE and UK retail sales data
The UK energy regulator Ofgem said suppliers have 49 days to move customers onto another tariff, but SSE took almost six months, with some customers losing savings because of the delayed switch
The analysts said its earnings per share (EPS) estimates have been cut by approximately 10%-15% across its forecast horizon and show no long-term growth
The German firm noted that wholesale energy costs have increased more than 20% since March, largely due to the impact of extremely cold temperatures earlier this year depleting European gas storage
Energy supplier SSE PLC has agreed to pay £1mln to Ofgem’s consumer redress fund after providing some pre-payment meter customers with inaccurate and misleading information in annual statements
The changes will come into effect on 11 July 2018 and will affect 2.36mln customers of SSE Energy Services and M&S Energy
SSE said it lost 430,000 customer accounts in its retail division while the government's energy price caps for vulnerable customers also hit profits
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Both the US and UK are heading towards a three-day weekend and, to be honest, it kind of feels like the break has already begun...
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Friday is going to see utility companies front and centre with final results from SSE and Pennon Group, accompanied by the reread of the UK's first quarter GDP data
New M&S chairman Archie Norman has been shaking up the board since joining the retailer last September
In a statement on its website, Npower said it is increasing a typical dual fuel annual energy bill by an average of £64 across all payment types to £1,230
Last month, the watchdog gave the two energy suppliers a chance to address concerns that the merger would reduce competition but they failed to provide any possible remedy
The Competition and Markets Authority said the merger would be referred for a longer Phase 2 investigation unless the parties offer acceptable undertakings to address the competition concerns
The energy suppliers said the new company will be led by Bickerstaffe as it prepares for formation and listing, expected to take place in the last quarter of 2018 or the first quarter of 2019
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The day ahead includes the outcome of Melrose's hostile takeover bid for GKN and trading updates from SSE and RPC
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Since the "bombed out" virtual portfolio bit the dust, we've lacked a stock filter that identifies recovery stocks; once again drawing on the simple ideas of Michael O'Higgins ("Dogs of the Dow"), John Harrington takes a look at the price-t
US workers' pay increased 2.9% year-on-year, compared to expectations of a 2.6% increase.
SSE now expects to report earnings per share of 116p to 120p, compared to a previous forecast of 116p.
Britain's top tier index closed around 54 points lower at 7,533
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It would be a major shock were the US central bank's policy-makers to opt for a rate hike
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Week ahead includes updates from FTSE 100 AstraZeneca PLC, BT Group PLC, Royal Dutch Shell PLC, and Unilever PLC, plus a Federal Reserve meeting and January US jobs data
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The FTSE 100 closed lower on Thursday as there was no clear direction across global equities
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As well as Royal Mail, updates are expected from Costa Coffee owner Whitbread and Associated British Foods - the parent company of Primark
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Week ahead includes trading updates from Whitbread PLC, Associated British Foods PLC, Experian PLC, Royal Mail Group PLC, William Hill PLC, Burberry PLC, plus UK inflation and retail sales data
Carillion, Lloyds, RBS and BT were in the spotlight in 2017 and are likely to remain closely eyed by investors in 2018
The non-farm payroll number beat consensus expectations, coming in at 228,000
SSE and npower have argued that the deal will improve competition
Market was subdued as US markets were closed for Thanksgiving
The FTSE 100 managed to turn away from earlier losses to edge slightly higher at the close
A merger of SSE and npower could reduce competition and lead to further energy price hikes, the GMB union has warned
After a bullish run over the past few months, European and US markets endured a rare off day on Thursday
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Will Astra get into the MYSTIC? The company said not all hope was lost for its lung cancer trial, which flunked in the summer
SSE said the operating environment continues to present a number of complex challenges with the government's plans to cap energy bills
The new business would merge SSE’s household energy supply and services business in the UK with Innogy’s British division, Npower
The energy price cap will apply to about 18mln accounts that use standard variable tariffs at least until 2020
The analysts cut their target price for Centrica shares to 190p from 202p, reflecting a lower supply earnings multiple and a higher yield premium for increased political intervention, but maintained a ‘hold’ rating on the stock
The FTSE 100 rose to within a couple of points of 7,500 after US markets opened higher
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Peter Allen will not be going back to the Future board room after February's AGM
Not much happening among the blue-chips but Image Scan and Future were among the big movers in the small caps sector
Is the SSE dividend sustainable? Market says probably not; Credit Suisse says probably is.
The UK blue chip index closed at 7,353, as concerns over the US and North Korea tensions abated
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A look back at some of this week's more interesting stories from the junior market
SSE has acknowledged the significant changes across the energy sector as the government clamps down on "rip off" bills
London markets started the day on the front foot and haven't looked back ...
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Can the supertanker Unilever ride the crest of a wave? Can a Newcastle United owner change his stripes?
In a statement, Ofgem said options being considered include introducing a safeguard tariff for vulnerable consumers which would protect them from overpaying for their energy
SSE has raised its full year dividend by 2.1% after achieving growth in profits, driven by its wholesale business
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Wednesday preview: Competition is hotting up in the pub grub sector for Mitchells & Butlers, while London house prices and lettings fees are cooling for Foxtons.
The government's proposal for an energy price cap is expected to deliver a massive blow to the sector
The UK blue chip index finished 41 points higher at 7,342, retreating from the session peak of 7,359 but still well above the day’s low of 7,300
SSE has said it will raise prices for domestic customers from 1 April 2017 by 6.9%, or £73 per year, following on from price increases by other energy providers
SSE is the last of the big six energy firms to announce its changes to energy bills this year
The move comes as a slap in the face to the watchdog Ofgem...
It lost around 130,000 energy customers between March and December, according to the latest figures and now 8.08mln accounts.
FTSE 100 shares closed lower on Tuesday in sympathy with declines of up to 160 points on Wall Street’s DJIA as the fallout of US President Donald Trump’s first week in office continued to take its toll
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Among the big names reporting: Britvic, Carpetright, Ocado and SSE
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Big names reporting this week: SSE, TalkTalk, AstraZeneca, Compass, Vedanta
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London's FTSE 100 hit reverse gear as the pound recovered a little of its mojo
Dixons Carphone chief executive Seb James said "while we have still not seen any effect on consumer demand as a consequence of Brexit, we have been planning for the possibility of more uncertain times ahead."