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Heading into a long weekend break and the pickings are unsurprisingly slim in terms of corporate news, but utility firm SSE has printed full year numbers this morning. Despite being down on a year ago, the numbers aren’t as bad as expected – earnings per share came in at the upper end of analyst expectations and dividends will be increased by around 3%, too.


Keeping with the theme of utilities, Pennon published results this morning and again there are no surprises to be seen here. Revenues are in line with expectations, giving room for a meaningful 7% uptick in dividend payments. The company is committed to increasing dividends by 4% over inflation from 2010 to 2020 – that’s certainly a welcome boost for investors, but with the cost of doing this ultimately coming from utility consumers, it’s not necessarily a universally popular choice.


Capita has announced this morning that its rights issue has been a success, with over 97% acceptance amongst shareholders. This will be a sigh of relief, although questions must surely remain over the longer term viability of large outsourcing businesses like this. Proper execution of a long term strategic review is necessary.

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.


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