FTSE 100 finishes in negative territory; Royal Mail slumps - again
FTSE 100 was on the losing team all day and closed down over 21 points at 7,474
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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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
Investments and investor services
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
Investments and investor services
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
Investments and investor services
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.
Archive
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
Investments and investor services
Footsie closed up around seven points, or 0.10% at 7,683 on Thursday
Archive
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