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SSE PLC (SSE.L)

SSE.L on London Stock Exchange

1,055.00GBp
17 Dec 2018
Change (% chg)

-34.50 (-3.17%)
Prev Close
1,089.50
Open
1,072.00
Day's High
1,083.50
Day's Low
1,055.00
Volume
3,643,553
Avg. Vol
3,411,464
52-wk High
1,449.50
52-wk Low
1,032.00

Latest Key Developments (Source: Significant Developments)

SSE Names Melanie Smith As Non-Executive Director Of Board
Wednesday, 14 Nov 2018 02:01am EST 

Nov 14 (Reuters) - SSE PLC ::MELANIE SMITH HAS BEEN APPOINTED AS A NON-EXECUTIVE DIRECTOR OF SSE PLC..MELANIE SMITH WILL TAKE UP HER APPOINTMENT ON 1 JANUARY 2019..  Full Article

SSE Sees To Deliver Five-Year Dividend Plan Set Out In May 2018
Wednesday, 14 Nov 2018 02:00am EST 

Nov 14 (Reuters) - SSE PLC ::H1 ADJUSTED PRETAX PROFIT FELL 40.9 PERCENT TO 246.4 MILLION STG.INTENDS TO DELIVER FIVE-YEAR DIVIDEND PLAN SET OUT IN MAY 2018.SSE CONTINUES TO INTEND TO RECOMMEND A FULL-YEAR DIVIDEND OF 97.5 PENCE PER SHARE FOR 2018/19.HY ADJUSTED PROFIT BEFORE TAX IS £246.4M, DOWN 40.9 PERCENT.OUTLOOK FOR SSE'S NETWORKS AND WHOLESALE BUSINESSES FOR FINANCIAL YEAR TO 31 MARCH 2019 IS IN LINE WITH THAT SET OUT IN ITS TRADING STATEMENT.  Full Article

SSE Says It Is Disappointed With Default Tariff Cap Level Set by Ofgem
Tuesday, 6 Nov 2018 04:30am EST 

Nov 6 (Reuters) - SSE PLC ::SSE COMMENTS ON THE FINAL LEVEL OF THE DEFAULT TARIFF CAP.SSE PLC - "WE ARE DISAPPOINTED WITH THE LEVEL OF THE DEFAULT TARIFF CAP AND DO NOT BELIEVE IT IS COST-REFLECTIVE OR SUSTAINABLE".SSE - WILL CAREFULLY REVIEW DETAILS ASSOCIATED WITH OFGEM'S ANNOUNCEMENT ON TUESDAY.  Full Article

SSE, Innogy Name Martin Read Retail Chairman Designate
Friday, 14 Sep 2018 04:00am EDT 

Sept 14 (Reuters) - SSE PLC ::APPOINTMENT OF RETAIL CHAIRMAN DESIGNATE.CO, INNOGY SE APPOINTED MARTIN READ CBE AS CHAIRMAN DESIGNATE FOR NEW INDEPENDENT BRITISH ENERGY SUPPLY AND SERVICES CO THEY AGREED TO FORM.READ'S APPOINTMENT FOLLOWS A COMPREHENSIVE SELECTION PROCESS.  Full Article

SSE Says H1 Adjusted Profit To Be Cut By Half
Wednesday, 12 Sep 2018 02:00am EDT 

Sept 12 (Reuters) - SSE PLC ::TRADING STATEMENT.RELATIVELY DRY, STILL AND WARM WEATHER HAS CONTINUED AS HAVE PERSISTENTLY HIGH GAS PRICES..CURRENTLY EXPECTS ADJUSTED OPERATING PROFIT FOR SIX MONTHS TO 30 SEPTEMBER 2018 WILL BE AROUND HALF OF THAT DELIVERED IN SAME PERIOD IN 2017.SSE'S ADJUSTED OPERATING PROFIT FOR FIRST FIVE MONTHS OF FINANCIAL YEAR HAS THEREFORE BEEN NEGATIVELY AFFECTED BY AROUND £190M COMPARED WITH PLAN..NET RESULT IS THAT SSE CURRENTLY EXPECTS ITS ADJUSTED OPERATING PROFIT FOR SIX MONTHS TO 30 SEPTEMBER 2018 WILL BE AROUND HALF OF THAT DELIVERED IN SAME PERIOD IN 2017..SSE - OFGEM'S PROPOSED DEFAULT TARIFF CAP EXPECTED TO RESULT IN ADJUSTED OPERATING PROFIT FOR SSE ENERGY SERVICES IN 2018/19 SIGNIFICANTLY LOWER THAN SSE EXPECTED.SSE CONTINUES TO EXPECT TO RECOMMEND A FULL-YEAR DIVIDEND OF 97.5 PENCE PER SHARE FOR 2018/19 AND TO DELIVER FIVE-YEAR DIVIDEND PLAN SET OUT IN MAY 2018..BECAUSE IT IS SUBJECT OF PLANNED DEAL WITH NPOWER, SSE ENERGY SERVICES LIKELY TO BE DEEMED TO BE HELD FOR SALE IN SSE'S FINANCIAL STATEMENTS.ENERGY PORTFOLIO MANAGEMENT IS CURRENTLY EXPECTED TO INCUR AN ADJUSTED OPERATING LOSS IN EXCESS OF £300M FOR FINANCIAL YEAR AS A WHOLE.  Full Article

SSE Comments On Ofgem's Tariff Cap
Thursday, 6 Sep 2018 05:42am EDT 

Sept 6 (Reuters) - SSE PLC ::SSE COMMENTS ON THE DEFAULT TARIFF CAP STATUTORY CONSULTATION.OFGEM'S PROPOSED CAP, ASSOCIATED METHODOLOGY AND INPUT DATA WILL REQUIRE THE MOST CAREFUL SCRUTINY IN THE COMING WEEKS.SAYS WILL ASSESS POTENTIAL IMPACT ON ITS CUSTOMERS, OPERATIONS AND RESPOND TO OFGEM’S CONSULTATION.SAYS IT "CONTINUES TO BELIEVE THAT COMPETITION, NOT CAPS, BEST SERVES THE LONG TERM INTERESTS OF CUSTOMERS".  Full Article

SSE PLC to raise standard electricity and gas prices
Wednesday, 30 May 2018 04:00am EDT 

May 30 (Reuters) - SSE PLC ::SSE PLC - SSE ENERGY SERVICES WILL ALSO BE REMOVING ITS £6 PER FUEL, PER YEAR PAPERLESS BILLING DISCOUNT FROM 11 JULY 2018..SSE - DECISION TO RAISE STANDARD ELECTRICITY, GAS PRICES IN CHANGE; WILL RAISE TYPICAL DUAL FUEL BILL BY AVERAGE OF 6.7%, EFFECTIVE FROM 11 JULY 2018.SSE PLC - PRICE CHANGE EQUATES TO A TYPICAL DUAL FUEL BILL INCREASE OF £76 PER YEAR, AROUND £1.50 PER WEEK.SSE PLC - 2.36 MILLION CUSTOMERS WITH SSE ENERGY SERVICES AND M&S ENERGY WILL SEE A PRICE INCREASE.SSE PLC - CUSTOMERS WHO ARE ON FIXED-PRICE TARIFFS, HAVE A PREPAYMENT METER, OR ARE ON VULNERABLE CUSTOMER SAFEGUARD TARIFF WILL NOT BE AFFECTED..  Full Article

SSE FY Adjusted Pretax Profit 1.453 Bln STG
Friday, 25 May 2018 02:21am EDT 

May 25 (Reuters) - SSE PLC ::TOTAL DIVIDEND 80 PENCE PER SHARE.FY ADJUSTED PRETAX PROFIT 1.453 BILLION STG.FINAL DIVIDEND 66.3 PENCEPER SHARE.SAYS FY ADJUSTED EARNINGS PER SHARE DOWN 3.6% TO 121.1 PENCE.SAYS FOR 2018-2019, CO IS INTENDING TO RECOMMEND A FULL-YEAR DIVIDEND OF 97.5 PENCE PER SHARE, AN INCREASE OF 3 PERCENT ON 2017-2018.SAYS FOR 2019-2020, SSE IS PLANNING TO SET FIRST POST-TRANSACTION DIVIDEND AT 80.0 PENCE PER SHARE.FOR 2020/21, 2021/22 AND 2022/23 SSE IS TARGETING ANNUAL INCREASES IN FULL-YEAR DIVIDEND THAT AT LEAST KEEP PACE WITH RPI INFLATION.SAYS OVER FIVE YEARS TO MARCH 2023, AND BASED ON EXISTING PLANS, SSE EXPECTS ITS CAPITAL AND INVESTMENT EXPENDITURE TO TOTAL AROUND 6 BILLION STG.IN FIRST OF FIVE YEARS, 2018/19, CAPITAL AND INVESTMENT EXPENDITURE IS FORECAST TO BE AROUND £1.7BN.COMPANY'S FINANCIAL RESULTS ARE AHEAD OF EXPECTATIONS AT START OF FINANCIAL YEAR.SSE - EXPECTED ENACTMENT OF TARIFF CAP BILL, TEMPORARY CAP ON PRICE OF STANDARD VARIABLE, DEFAULT ELECTRICITY, GAS TARIFFS TO BE IN PLACE FOR WINTER OF 2018/19.  Full Article

SSE Names Katie Bickerstaffe As Retail Chief Executive Designate
Friday, 6 Apr 2018 04:10am EDT 

April 6 (Reuters) - SSE Plc ::APPOINTMENT OF RETAIL CHIEF EXECUTIVE DESIGNATE.‍APPOINTED KATIE BICKERSTAFFE AS CHIEF EXECUTIVE DESIGNATE OF NEW INDEPENDENT BRITISH ENERGY SUPPLY AND SERVICES COMPANY.‍KATIE WILL TAKE UP HER NEW APPOINTMENT LATER THIS YEAR​.‍KATIE WILL STEP DOWN FROM HER POSITION AS A NON-EXECUTIVE DIRECTOR OF SSE PLC WITH EFFECT FROM 30 APRIL 2018​.‍KATIE WILL LEAD WORK BEING DONE TO PREPARE FOR FORMATION AND LISTING OF NEW COMPANY, EXPECTED TO TAKE PLACE IN LAST QUARTER OF 2018 OR Q1 OF 2019​.  Full Article

Dixons Carphone Says UK & Ireland CEO To Step Down​
Friday, 6 Apr 2018 04:00am EDT 

April 6 (Reuters) - Dixons Carphone Plc ::‍KATIE BICKERSTAFFE, UK & IRELAND CEO, HAS INFORMED BOARD OF HER DECISION TO STEP DOWN​.‍BICKERSTAFFE TO STEP DOWN TO TAKE UP POSITION OF CHIEF EXECUTIVE DESIGNATE AT NEW ENERGY SUPPLY BUSINESS RECENTLY ANNOUNCED BY SSE & INNOGY SE​.  Full Article

PRESS DIGEST- British Business - Nov 15

Nov 15 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.