SSE Shares News & Articles

Market report: Bank reporting season continues to disappoint with Barclays latest to post profit performance

UK banking group Barclays (BARC) has reported a loss of £236m in its first quarter to the end of March as regulator fines again drag on performance. Last month the bank agreed to pay $2bn to settle a lawsuit by the US government. Today's loss reflects that massive charge. Stripping away those penalty effects, Barclays reported a slight increase in profits to £1.7bn, although much like its ...

Adapt or die: The companies forced to transform as technology and markets evolve

Nothing stays the same forever and the best companies are those which are flexible and innovative enough to adapt. Without this capacity they risk becoming obsolete and are likely to face a steady decline in profit and cash flow until they eventually go bust or the remaining viable bits of the business are broken up and sold. The guiding motto of Andrew Grove, the man behind the rise of US ...

Market report: Record Primark sales keep AB Foods growing, Costa sales slow, GKN fights back

Record sales at discount fashion chain Primark will bolster a firm full year of profits at patent Associated British Foods (ABF). The FTSE 100 company, controlled by the Weston family, maintains its full year earnings guidance in a trading update issued on Thursday. The update shows quarterly revenue growth across all of its businesses apart from sugar. Sales at Primark rose 7% in the three ...

Market report: Sports Direct profits slump 60%, shares rally on revenues beat

Mike Ashley’s Sports Direct (SPD) is well supported by investors in early trading on Thursday as better than expected sales offset a big fall in profits. The shares rise more than 5% to 316.1p in spite of underlying pre-tax profit diving to £113.7m in the year to 30 April, a performance blamed on the slump in sterling and soaring depreciation charges. That’s down from £275.2m in 2016. Yet ...
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