1057 GMT - Shares in SSE rise 2% after the power generator increased adjusted earnings-per-share guidance for the year to the end of March by at least 25% to more than 150 pence. Higher gas prices and better gas-storage performance were to thank for the rise, helping to offset lower-than-expected renewable-energy output, Hargreaves Lansdown says. "Overall, the markets appeared to like this update and the group's valuation is now trading up around 9% over the past year," HL analyst Aarin Chiekrie writes. "Despite the re-base of its dividend to fund investment plans, the group's still paying a healthy dividend at a 3.9% forward yield. But remember, no dividends are guaranteed." (philip.waller@wsj.com)

(END) Dow Jones Newswires

January 20, 2023 05:57 ET (10:57 GMT)

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