Tony Cross
3 min read
Three key news stories unfolding as the UK stock market opens. Check out our companies reporting diary for upcoming results from FTSE 350 and selected international stocks.
1. CapEx jumps and profits fall at SSE but performance on track
Full year results are out from SSE with the company recording a significant 23% jump in capital investments but profits and revenues have been pared back. Metrics have however come in at the upper end of guidance, management note that the business mix is providing resilience against recent global events and the confidence is being supported by a 7% increase in dividends. EPS guidance has been reiterated in the short and medium term.
2. Johnson Matthey turnaround delivering results
Full year numbers are also out from Johnson Matthey this morning with the company noting good progress on implementing a new strategy. Revenues fell 10% but operating profits were 14% higher and management note the company is on track to meeting medium term targets. Underlying operating profit for the year ahead is expected to grow by low to mid single digits, whilst the dividend is being maintained.
3. FY numbers for IQE show brighter signs ahead
It’s had a stellar run in terms of share price performance and IQE the microchip maker issued full year numbers this morning. Revenues dropped 18% resulting in a similar size increase to the adjusted pre-tax loss. CapEx has however been reduced dramatically and the cash position bolstered significantly by the successful completion of an £81m funding round, which closed today (so within FY26). Q1 ’27 trading was in line with expectations and revenue for the year ahead is expected to grow by 20%, delivering a high-single digit to low double-digit adjusted EBITDA position.
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In case you missed it
We start today with growing scepticism in the financial markets that the United States can tolerate a prolonged energy shock with Crude Oil sitting at elevated levels. We look at the tough choices facing the White House.
