National Grid

National Grid PLC – Ofgem’s RIIO-2 sector specific consultation update

National Grid PLC (LON:ING), Ofgem today published a detailed update following the RIIO-2 sector specific consultation that concluded in March. Today’s publications are a step in the regulatory process for the new price control that will start in 2021, with final determinations on all key financial elements expected in November 2020. Ofgem has published several comprehensive documents this morning which …

Informa Plc Well placed to meet targets for 2019 & deliver a further year of growth in revenue

Informa Plc (LON: INF), the International Exhibitions, Events, Information Services and Scholarly Publishing Group, today issued a trading update to coincide with its Annual General Meeting in London. The Group continues to trade to plan and despite ongoing macroeconomic uncertainty and geopolitical risk, the Board remains confident of meeting full-year expectations. Stephen A. Carter, Group Chief Executive, Informa PLC, said: …

United Utilities Group

United Utilities Group PLC Achieving leading and sustainable results

United Utilities Group PLC (LON: UU.) today provided full year results for the year ended 31st March 2019. Putting customers first · 10% real reduction in average household bills since 2010, alongside improving customer service · The sector’s most innovative assistance schemes supporting over 100,000 customers struggling to pay · Achieved our best ever customer satisfaction SIM scores, anticipating a …

Intertek Group Plc

Intertek Group Plc Good start to the year with Robust Revenue Growth

Intertek Group plc (LON: ITRK), a leading Total Quality Assurance provider to industries worldwide, today released its May Trading Update for the period from 1 January to 30 April 2019. All comparative comments in this statement reflect comparisons with the corresponding period during 2018. The Group’s half year results to 30 June 2019 will be announced on 1 August 2019. …

Ferguson plc Appointment of Chairman Designate and Non Executive Director

Ferguson plc (LON:FERG) announced today that Geoff Drabble has been appointed as a Non Executive Director and will succeed Gareth Davis as Chairman after the 2019 Annual General Meeting, subject to shareholder approval. Gareth will step down as a Director in January 2020 to ensure an orderly handover of responsibilities. Geoff joins Ferguson following a 12-year period as Chief Executive …

SSE Plc

SSE plc Financial results fell well short of what was hoped to be achieved

SSE plc (LON:SSE) today announced preliminary results for the year ended 31 March 2019. Financial performance in 2018/19 in line with Notification of Close Period Statement on 28 March: · Final dividend of 68.2 pence, making full-year dividend of 97.5 pence, in line with five-year dividend plan. · Headline results reflect £284.9m adjusted operating loss previously forecast in Energy Portfolio …

Marks and Spencer Group Plc Good progress in restoring the basics

Marks and Spencer Group Plc (LON:MKS), today announced Full Year Results For 52 weeks ended 30 March 2019. 52 weeks ended 30 Mar 19 31 Mar 18 Change % Group revenue £10,377.3m £10,698.2m -3.0 Profit before tax & adjusting items1 £523.2m £580.9m -9.9 Free cash flow before adjusting items2 £729.4m £582.4m 25.2 Adjusting items1,2 £(438.6)m £(514.1)m 14.7 Profit before tax …

SSE plc Executive Chair of SSE Energy Services appointed

SSE plc (LON:SSE) has appointed Katie Bickerstaffe as Executive Chair of SSE Energy Services, one of the largest household energy and services providers in Great Britain. Katie will take up the new role on 23 June 2019 alongside Gordon Boyd, who joins as Interim Chief Financial Officer, with a mandate to deliver a new future for the business outside of …