Investing.com -- Here is a rundown of the regulatory news releases from the London Stock Exchange on Wednesday, 13th November. Please refresh for updates.
Utlitity SSE (LON:SSE) said its adjusted operating profit rose 14% to 492 million pounds ($630 million) in the first half of its fiscal year, boosted by the European Commission’s approval of payments from the U.K.’s electricity capacity market.
Adjusted earnings per share were 18 pence, up 10%. The group said it expects full-year adjusted EPS of 80-85p, assuming normal generating conditions for its wind and hydro operations.
The company cut its interim dividend 18% to 24p but said it expects a full-year dividend of 80p.
Capital expenditure for the full year is now seen at 1.4 billion pounds.
Homebuilder Taylor Wimpey (LON:TW) said it’s on track to meet its 2019 guidance, citing “good demand” for its houses, and well positioned “well positioned for all potential market outcomes” as the uncertainty over Brexit drags on.
It said strong cash generation would allow it to pay out some 610 million pounds in dividends for the full year. That will still leave it with net cash of 500 million pounds.
The company said its sales rate rose to 0.96 per outlet per week in the first half from 0.81 a year earlier, moderating only slightly in the second half so far. For the full year, it expects sales volumes for the full year to be slightly higher than guided, and margins to be slightly lower.
As of Nov. 10, the order book stood at 2.7 billion pounds, up 12.5% from the same time last year.