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SSE profit hits midpoint of guidance range; reiterates five-year dividend plan | 26 May 2021


26 May 2021 | 07:42am
StockMarketWire.com - Power utility SSE reported a rise in annual profit at the midpoint of its guidance range and upped its dividend in line with a five-year payout plan.
Pre-tax profit for the year through March jumped to £2.52 billion, up from £587.6 million year-on-year and included proceeds from asset sales.
Revenue from continuing operations rose modestly to £6.83 billion, up from £6.80 billion and adjusted pre-tax profit rose 4% to £1.06 billion.
Adjusted earnings per share rose 5% to 87.5p, within the 85p-to-90p guidance range.
SSE declared a final dividend of 56.6p per share, making a full-year dividend of 81.0p.
Looking forward, the company said it was not providing full-guidance for the 2022 financial year. ....

John Manzoni , Sse Plc , Lon Sse , Nyse L , ஜான் ம்யாந்ஸோநீ , ஸ்ஸீ ப்ல் ,

Britain triples number of electric vehicle charging points to tackle 'range anxiety'


Britain to triple number of electric vehicle charging points with £300mln programme
The £300mln investment will see 1,800 new motorway points and 1,750 installations in other places
Drivers need to be confident that they can charge their car quickly when they need to
Britain is to more than triple its electric vehicle charging capacity with 1,800 new ultra-fast points to be installed at motorway service stations and a further 1,750 in cities.
UK regulator Ofgem said the electricity distribution companies will invest £300mln into the project as part of a £40bn investment plan for the country’s green energy system.
The move will be funded by a 65p increase in customer bills for the next two years, which drops to 15p in 2023. ....

United Kingdom , Orkney Islands , Glasgow City , Jonathan Brearley , Mid Wales , Big Caps , Power Utilities , Sse Plc , Lon Sse , ஒன்றுபட்டது கிஂக்டம் , ஆர்க்நீ தீவுகள் , கிளாஸ்கோ நகரம் , ஜொனாதன் ப்ரெர்லி , நடுவில் வேல்ஸ் , பெரியது தொப்பிகள் ,

Britain to triple number of electric vehicle charging points with £300mln programme


Britain to triple number of electric vehicle charging points with £300mln programme
The £300mln investment will see 1,800 new motorway points and 1,750 installations in other places
Drivers need to be confident that they can charge their car quickly when they need to
Britain is to more than triple its electric vehicle charging capacity with 1,800 new ultra-fast points to be installed at motorway service stations and a further 1,750 in cities.
UK regulator Ofgem said the electricity distribution companies will invest £300mln into the project as part of a £40bn investment plan for the country’s green energy system.
The move will be funded by a 65p increase in customer bills for the next two years, which drops to 15p in 2023. ....

United Kingdom , Orkney Islands , Glasgow City , Jonathan Brearley , Mid Wales , Big Caps , Power Utilities , Sse Plc , Lon Sse , ஒன்றுபட்டது கிஂக்டம் , ஆர்க்நீ தீவுகள் , கிளாஸ்கோ நகரம் , ஜொனாதன் ப்ரெர்லி , நடுவில் வேல்ஸ் , பெரியது தொப்பிகள் ,