SSE Shares News & Articles

Market report: Pub group EI soars on takeover but online fashion retailer ASOS plunges on profit warning

UK corporate news is dominated on Thursday by takeovers and profit warnings as FTSE 250 pubs chain Ei Group (EIG) and one-time online fashion superstar ASOS (ASC:AIM) hit the headlines. Shares in the UK's largest pubs chain Ei soared more than 39% to 286p in early trade as investors react to an agreed takeover deal from Slug & Lettuce pubs owner Stonegate Pub Company. Controlled by ...

Market report: Profits slump at struggling Marks & Spencer as dividend cut and discounted rights issue unveiled

UK investors are on the front foot in early trade on Wednesday as they eye the promise of progress on a softer Brexit deal and are buoyed by firm markets in New York and Asia overnight. The benchmark FTSE 100 opens roughly 34 points higher at 7,362.92, closing on May highs of 7,385, and batting off a series of corporate announcement disappoints. They include Marks & Spencer ...

Market report: Superdry bruised as board walks out, warning from Photo-Me, CMC squeezed by new rules

The ramifications at fashion chain Superdry (SDRY) continue in early trade on Wednesday as investors mull the impact of yesterday’s narrowly supported return of founder Julian Dunkerton. Shareholders voted for the charismatic clothing entrepreneur to take a place back on the board by the thinnest of margins, getting 50.75% of votes to back his bid to return. But that has led to more ...

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 ...
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