$SSE.L

2 stories mentioning SSE.LUpdated 63d ago

Every FINWIRES story that references SSE.L, newest first.

UK Stocks Drop on Renewed US-Iran Tensions

Britain's FTSE 100 closed Thursday trading 0.75% in the red amid increased uncertainty surrounding ceasefire talks between the US and Iran after the two sides traded fresh strikes.Renewed instability in the Middle East kept investors on edge after the US struck military targets in Iran, while Tehran launched missiles toward a US air base in Kuwait in retaliation. The developments pushed oil prices higher, raising concerns over renewed inflationary pressures globallyBack home and in corporate news, SSE (SSE.L) delivered earnings growth for fiscal 2026 and raised its full-year dividend to 0.687 pound sterling per share from 0.642 pound per share, while its adjusted capital investment jumped 20% to 3.6 billion pounds, mainly in its electricity transmission business, SSEN Transmission. The utility fell 1.03% at close."We met all our financial and operational targets and delivery of our fully-funded [33 billion-pound] investment plan to 2030 - focusing on Networks, Renewables and Flexibility - is well under way," Chief Executive Martin Pibworth said. "That investment is central to long‑term value creation."Meanwhile, Johnson Matthey (JMAT.L) reported a loss for the year ended March 31, 2026, compared with a profit a year ago, while keeping its total dividend. For fiscal 2027, it anticipates low to mid single digit percentage growth in group underlying operating profit at constant precious metal prices and constant currency. The chemicals company edged down 0.18%.Johnson Matthey also agreed to buy US-based selective catalytic reduction catalysts manufacturer Cormetech for an enterprise value of $360 million. Closing of the deal is expected in June or July, subject to regulatory approvals.On the economic front, UK vehicle output declined 1.2% year over year to 58,513 units in April, while exports rose 0.8%, according to data from the Society of Motor Manufacturers and Traders. Chief Executive Mike Hawes said the latest figures "suggest production is stabilising, albeit at reduced levels, when the ambition remains to grow the sector."

FTSE 100$JMAT.L$SSE.L

US Markets63d ago

SSE Ramps Up Capital Investment Amid Fiscal 2026 Earnings, Dividend Growth

SSE (SSE.L) on Thursday delivered financial results toward the upper end of its guidance and record capital investment for fiscal 2026, mainly in its electricity transmission business.The British utility reported an increase in attributable profit for the 12 months ended March 31 to 1.21 billion pounds sterling from 1.19 billion pounds a year ago, with revenue growth to 10.19 billion pounds from 10.13 billion pounds. Adjusted EPS was 1.535 pounds, near the upper end of guidance, mirroring its strong operational performance.SSE recommended a final dividend of 0.473 pound per share, taking the full-year payout to 0.687 pound per share, up from 0.642 pound per share a year earlier. The dividend will be paid Sept. 17 to shareholders on record July 24.Meanwhile, SSE's adjusted capital investment jumped 20% to 3.6 billion pounds, with delivery of its 33 billion-pound investment plan to 2030 "well under way." SSE Chief Executive Martin Pibworth called the investment "central to long‑term value creation" and would cut the UK's exposure to volatile global energy markets."With record levels of capital investment in line with our plan and strong momentum across the Group, we are well placed to deliver sustainable growth and value creation for our shareholders while helping to build a more affordable and secure energy system for the UK," Pibworth added.Looking forward, the utility affirmed its adjusted EPS estimates of between 1.68 pounds and 1.93 pounds for fiscal 2027, and between 2.25 pounds and 2.50 pounds for fiscal 2030. It also expects to raise its capital expenditure for fiscal 2027 to over 5 billion pounds.RBC Capital Markets, which rated the stock outperform with a price target of 30.25 pounds, expressed positive sentiment after the results. "Given the +2p/sh accounting change announced earlier this month, consensus may be slightly lagging however SSE still at the top end of the guided range for FY26 and forward targets reaffirmed with consensus for FY27 broadly at the midpoint of the updated guidance range (post equity)."SSE's shares dropped over 1% in London at midday.

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