SSE Shares News & Articles

Market report: Brexit crunch talks this afternoon drag on markets, UK engineer Smiths to do the splits

UK stock markets plunged into the red in early trade on Wednesday as crunch time approaches over Brexit. On Tuesday Theresa May agreed the text of a draft withdrawal agreement with the EU and has called a meeting of senior ministers at Downing Street at 2pm today to approve the draft agreement. But investors are clearly far from convinced that any deal will get the votes needed potentially ...

Market report: Next basks in glow of summer sales boom, Card Factory weak, CMC warns

UK fashion retailer Next (NXT) has lifted its full year profit forecast by £10m to £727m after it saying that trading in August was better than expected. Shares in the FTSE 100 high street operator shot to the top of the FTSE 100 leader board in early trade on Tuesday after the company revealed ‘we did not experience any material loss of sales in August or early September.’ The shares ...

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 ...
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